Key points
- Net income increased 26% to $120 million
- Consolidated AEBITDA increased 9% to $383 million
- Returned $134 million to shareholders through share repurchases
- Maintained full-year 2026 financial outlook
Full summary
Light & Wonder, Inc. reported solid results for the second quarter of 2026, with net income increasing by 26% to $120 million and consolidated Adjusted EBITDA (AEBITDA) rising 9% to $383 million. The company's revenue grew 2% year-over-year to $828 million, driven by growth in Gaming operations, Grover charitable gaming, and iGaming. Net income per share increased 38% to $1.53, and Adjusted Net Profit After Tax (NPATA) per share grew 26% to $1.99. The company returned $134 million to shareholders through share repurchases and maintained its full-year 2026 financial outlook with expected mid- to high-single-digit growth in Consolidated AEBITDA.
Guidance
Full-year 2026 Consolidated AEBITDA growth expected in the mid- to high-single digits
Outlook
The company remains committed to reducing its net debt leverage ratio to below 3.0x during the first half of 2027.