Quarterly ResultMay 6, 2026, 05:08 PM
Light & Wonder Q1 Net Income $52M, down 37%; Revenue $790M
AI Summary
Light & Wonder reported a significant decrease in net income for Q1 2026, falling to $52 million from $82 million in Q1 2025, despite a slight increase in total revenue to $790 million. Diluted EPS also declined to $0.66 from $0.94. The company saw increased operating expenses, particularly in restructuring and other costs, which included $50 million in legal and related expenses. Gaming and iGaming segments showed revenue growth, while SciPlay revenue decreased.
Key Highlights
- Net income decreased 37% to $52 million in Q1 2026 from $82 million in Q1 2025.
- Total revenue increased 2% to $790 million in Q1 2026 from $774 million in Q1 2025.
- Diluted net income per share fell to $0.66 in Q1 2026 from $0.94 in Q1 2025.
- Restructuring and other costs surged to $54 million, including $50 million for legal expenses.
- Gaming segment revenue rose 3.4% to $512 million; AEBITDA increased 6.7% to $271 million.
- iGaming segment revenue grew 18.2% to $91 million; AEBITDA increased 22.2% to $33 million.
- SciPlay segment revenue decreased 7.4% to $187 million; AEBITDA increased 3.1% to $66 million.
- Net cash provided by operating activities decreased to $139 million from $185 million.
Price Impact
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