Light & Wonder Inc. ( (LNW) ) has released its Q3 earnings. Here is a breakdown of the information Light & Wonder Inc. presented to its investors.
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Light & Wonder, Inc. is a leading global games company specializing in cross-platform gaming solutions, operating in the gaming and digital entertainment industry. The company is known for its innovative game content and strong market presence.
In its third quarter of 2025, Light & Wonder reported robust financial performance, highlighted by a 78% increase in net income and a 3% rise in consolidated revenue to $841 million. The company also achieved record results in its iGaming segment and continued growth in its North American gaming operations.
Key financial metrics included an 18% increase in consolidated AEBITDA to $375 million and a 25% rise in adjusted NPATA to $153 million. The company returned $111 million to shareholders through share repurchases and successfully extended its debt maturity while reducing interest rates. The gaming segment saw a 4% revenue increase, driven by a 38% rise in gaming operations revenue, while iGaming achieved record revenue growth of 16%.
Looking ahead, Light & Wonder remains committed to its strategic goals, including transitioning to a sole primary listing on the ASX and continuing to invest in its content and platform capabilities. The company maintains its full-year financial outlook, reflecting confidence in sustained growth and value creation.