By Digifin Pty Ltd · About this coverage
Key Points
- Net income of $133 million, up 17%, on consolidated revenue of $824 million, down 2%
- Consolidated AEBITDA of $383 million, up 2%, and Adjusted NPATA of $163 million, up 7%
- Net debt leverage ratio of 3.3x, down from 3.4x, with debt reduced by $153 million in the quarter
- FY 2026 Consolidated AEBITDA growth expected toward the lower end of mid-to-high single digits
- iGaming revenue up 13%; North American Gaming operations premium installed base up for a 25th consecutive quarter
About Light & Wonder (ASX:LNW)
Light & Wonder, Inc. is a gaming company headquartered in Las Vegas, Nevada, which holds a sole primary listing on the ASX where its securities trade as CHESS Depositary Interests. It designs and supplies slot machines, table products, casino systems and charitable gaming equipment to licensed operators, and it provides iGaming content and platform services. It also owns SciPlay, a developer of social casino mobile games.
Light & Wonder (ASX:LNW) released its third quarter 2026 results to report net income up 17% to $133 million and consolidated revenue down 2% to $824 million, and to say FY 2026 Consolidated AEBITDA growth is expected toward the lower end of its range. The release prints dollar figures without a currency prefix.
Consolidated AEBITDA grew 2% to $383 million, Adjusted NPATA rose 7% to $163 million and EPSa rose 17% to $2.12. Net income per share was $1.72. Gaming revenue fell 1% to $554 million, with Gaming operations revenue up 3% to $248 million, Gaming machine sales up 5% to $199 million with 8,906 new units shipped, and declines in Gaming systems and Table products. iGaming revenue grew 13%, and SciPlay revenue reflected softness in the social casino market. Net cash provided by operating activities was $236 million, up 28%, and Adjusted free cash flow was $181 million, up 21%. The principal face value of debt outstanding fell $153 million in the quarter to $5.0 billion, and the net debt leverage ratio was 3.3x against 3.4x at 30 June 2026. No shares or CDIs were repurchased under the program in the quarter.
The company expects FY 2026 Consolidated AEBITDA growth toward the lower end of its previously announced mid-to-high single digits, citing social casino weakness and delayed customer investment timing. The leverage target of below 3.0x during 1H FY 2027 is a forward-looking non-GAAP measure.
Source: Light & Wonder, Inc. (ASX:LNW), 5 November 2026. Summary content supplied by Digifin Pty Ltd.
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