LNW Q2 2026 Earnings Presentation

Key points

• Consolidated Revenue of $828M, +2% YoY
• Consolidated AEBITDA of $383M, +9% YoY
• Recurring revenue of $580M, +6% YoY
• Adjusted Free Cash Flow of $156M, +50% YoY
• Net Income of $120M, +26% YoY

Full summary

Light & Wonder's Q2 2026 earnings presentation highlights consolidated revenue of $828M, up 2% YoY, driven by growth in Gaming (+5%) and iGaming (+14%). Consolidated AEBITDA increased by 9% YoY to $383M, supported by continued growth across Gaming and iGaming segments. Recurring revenue reached $580M, a 6% YoY increase, with Gaming operations and table products contributing significantly. Adjusted Free Cash Flow rose 50% YoY to $156M, and net income was $120M, up 26% YoY. The company expects growth to be 2H weighted, similar to prior year, with a continued focus on profitability and self-funding growth.