Earnings summaries and quarterly performance for Light & Wonder.
Executive leadership at Light & Wonder.
Matthew Wilson
Detailed
Chief Executive Officer
CEO
James Sottile
Detailed
Executive Vice President, Chief Legal Officer and Corporate Secretary
Oliver Chow
Detailed
Executive Vice President, Chief Financial Officer and Treasurer
Siobhan Lane
Detailed
Executive Vice President and Group Chief Executive, Gaming
Susan Dawson
Detailed
Chief Legal Officer and Corporate Secretary (designate)
Board of directors at Light & Wonder.
Research analysts who have asked questions during Light & Wonder earnings calls.
David Katz
Jefferies Financial Group Inc.
4 questions for LNW
Also covers: AGS, BALY, BYD +34 more
Justin Barratt
CLSA
4 questions for LNW
Rohan Gallagher
Jarden
4 questions for LNW
Rohan Sundram
MST Marquee
4 questions for LNW
Adrian Lemme
Citigroup
3 questions for LNW
Andre Fromyhr
UBS
3 questions for LNW
Matthew Ryan
Barrenjoey
3 questions for LNW
Ryan Sigdahl
Craig-Hallum Capital Group
3 questions for LNW
Also covers: ABG, CDRO, CNTY +19 more
Barry Jonas
Truist Securities
2 questions for LNW
Also covers: BALY, BYD, CHDN +15 more
Chad Beynon
Macquarie
2 questions for LNW
Also covers: ACEL, AGS, AMC +30 more
Jeffrey Stantial
Stifel Financial Corp.
2 questions for LNW
Also covers: AGS, BALY, BRAG +9 more
Paul Mason
Evans & Partners
1 question for LNW
Tom Forte
Maxim Group
1 question for LNW
Also covers: AENT, BYON, JAKK +4 more
Recent press releases and 8-K filings for LNW.
Light & Wonder Reports Strong Q3 2025 Financial Results with Double-Digit Growth
LNW
Earnings
Guidance Update
Share Buyback
- Light & Wonder reported strong Q3 2025 financial results, with consolidated Adjusted EBITDA growing 18% year over year and diluted net income per share increasing 89% to $1.34.
- The iGaming segment achieved record revenue of $86 million, up 16% year over year, and Adjusted EBITDA increased 42% to $34 million. SciPlay's direct-to-consumer platform revenue grew to 20% of DTC revenue, up from 12% a year ago.
- The company generated $136 million in free cash flow, a 64% year-on-year increase, and repurchased $111 million of shares during the quarter, with an additional $101 million subsequent to quarter-end.
- Management expects a strong fourth quarter and anticipates another double-digit growth year for 2025, reiterating full-year Adjusted EBITDA targets.
Nov 5, 2025, 9:30 PM
Light & Wonder Reports Strong Q3 2025 Results and Debt Refinancing
LNW
Earnings
Debt Issuance
Share Buyback
- Light & Wonder reported strong Q3 2025 results, with consolidated revenue increasing 3% to $841 million, net income growing 78% to $114 million, and diluted net income per share rising 89% to $1.34 compared to the prior year period.
- The company generated $136 million in free cash flow, a 64% year-over-year increase, and returned $111 million to shareholders through share repurchases during the quarter.
- Light & Wonder successfully extended $700 million of senior unsecured notes maturity from 2028 to 2033, reducing the interest rate from 7.00% to 6.25%.
- The net debt leverage ratio was 3.5x as of September 30, 2025, remaining within the targeted range of 2.5x to 3.5x.
- The company maintained its full-year 2025 financial outlook for Consolidated AEBITDA between $1.43 billion and $1.47 billion and Adjusted NPATA between $550 million and $575 million.
Nov 5, 2025, 9:08 PM
Light & Wonder Confirms Nasdaq Delisting, Transitions to Sole ASX Listing
LNW
Delisting/Listing Issues
Debt Issuance
Revenue Acceleration/Inflection
- Light & Wonder (LNW) will delist from Nasdaq on November 13, 2025, transitioning to a sole primary listing on the Australian Securities Exchange (ASX).
- Trading of its common stock on Nasdaq is expected to be suspended after market close on November 12, 2025, with shareholders having options to sell or convert shares into CHESS Depositary Interests (CDIs) for ASX trading.
- This strategic move aims to consolidate trading liquidity and align with the company's growth plans, despite concerns regarding its high debt-to-equity ratio of 6.96.
- The company has demonstrated strong financial metrics, including a 3-year revenue growth rate of 16.8%, and recently completed a private offering of $1 billion in senior unsecured notes.
Oct 24, 2025, 2:41 AM
Light & Wonder Announces Nasdaq Delisting Timetable Update
LNW
Delisting/Listing Issues
- Light & Wonder, Inc. (LNW) is updating its timetable for delisting its common stock from the Nasdaq Stock Market and transitioning to a sole primary listing on the Australian Securities Exchange (ASX).
- The last day of trading on Nasdaq is scheduled for Wednesday, November 12, 2025 (EST), with the delisting expected to be effective prior to the open of trading on Thursday, November 13, 2025 (EST).
- The company aims to consolidate trading liquidity onto the ASX to align its capital markets presence with its long-term growth plans and shareholder base.
- After the delisting, Light & Wonder shares will no longer be tradeable on Nasdaq. Shareholders can sell shares on Nasdaq before the suspension, hold shares for over-the-counter (OTC) market trading, or convert their shares into CHESS Depositary Interests (CDIs) for trading on the ASX.
Oct 14, 2025, 11:03 AM
Light & Wonder Announces Nasdaq Delisting for Sole ASX Listing
LNW
Delisting/Listing Issues
- Light & Wonder, Inc. will delist from the Nasdaq Stock Market effective November 13, 2025, to transition to a sole primary listing on the Australian Securities Exchange (ASX).
- This strategic decision aims to consolidate trading liquidity on the ASX and align the company's capital markets presence with its long-term growth plans and shareholder base.
- Shareholders currently trading on Nasdaq will need to convert their shares into CHESS Depositary Interests (CDIs) to continue trading on the ASX.
- For the quarter ended June 30, 2025, the company reported revenue of $809 million, a net income of US$95 million, and adjusted EBITDA of $352 million.
Oct 13, 2025, 12:47 PM
Light & Wonder Appoints EVP Ahead of ASX Sole Listing
LNW
Management Change
Delisting/Listing Issues
Hiring
- Light & Wonder has appointed Rohan Gallagher as Executive Vice President and Global Chief Corporate Affairs Officer, a newly created role based in Sydney, to oversee Investor Relations, Environmental, Social and Governance (ESG) initiatives, Corporate Social Responsibility, and Global Communications.
- This appointment is strategic as Light & Wonder transitions to a sole listing on the Australian Securities Exchange (ASX), with the delisting from Nasdaq and consolidation on the ASX planned to be completed by the end of November.
- Gallagher brings extensive experience from previous roles at Jarden Group, Aristocrat, and Credit Suisse Australia, with deep knowledge of the gaming industry and prior coverage of Light & Wonder.
Sep 26, 2025, 3:01 AM
Light & Wonder Announces Completion of Notes Offering
LNW
Debt Issuance
- Light & Wonder International, Inc., a wholly owned subsidiary of Light & Wonder, Inc., successfully completed a private offering of $1 billion in aggregate principal amount of new 6.250% senior unsecured notes due 2033 at an issue price of 100.000% on September 24, 2025.
- The net proceeds from the offering will be used to repay outstanding borrowings under LNWI’s revolving credit facility, redeem $700.0 million of LNWI’s outstanding 7.000% senior unsecured notes due 2028, and for general corporate purposes, which may include equity repurchases.
- The new notes are guaranteed on a senior basis by Light & Wonder and certain of its subsidiaries and are not secured.
Sep 24, 2025, 8:13 PM
Quarterly earnings call transcripts for Light & Wonder.
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