Light & Wonder posted Q4 FY2025 revenue of USD 891 million (+12%) and a net loss of USD 15 million, reflecting a USD 128 million legal settlement charge tied to the Aristocrat matter, a USD 25 million contingent acquisition consideration fair value adjustment, and USD 18 million in ASX transition costs. Consolidated AEBITDA was USD 405 million (+29%) and adjusted NPATA was USD 161 million (+27%). Operating cash flow was USD 319 million (+26%) and free cash flow was USD 176 million (+138%), with capital expenditures of USD 93 million. For FY2025, Light & Wonder reported revenue of USD 3.3 billion (+4%), net income of USD 276 million (-18%), consolidated AEBITDA of USD 1.44 billion (+16%), and adjusted NPATA of USD 567 million (+18%). Operating cash flow rose to USD 794 million (+26%) and free cash flow to USD 452 million (+42%), with capital expenditures of USD 310 million. The company repurchased USD 877 million of shares in FY2025 (including USD 500 million in Q4), leaving USD 336 million remaining under its USD 1.5 billion authorization. Business highlights included Q4 Gaming revenue of USD 602 million (+17%), driven by record North American gaming machine shipments of 7,000 units and Gaming operations revenue of USD 237 million (+35%); Grover contributed USD 41 million to Q4 revenue, expanded by 345 units sequentially, and entered Indiana. iGaming revenue reached USD 94 million (+21%) with AEBITDA of USD 36 million (+44%), and wagers processed on its platform exceeded USD 29 billion in Q4. SciPlay revenue was USD 195 million (-4%), while direct-to-consumer revenue represented 25% of SciPlay revenue in Q4. The company also completed its sole primary listing on the ASX in November 2025 and repriced its Term Loan B in January 2026, lowering annualized interest costs by about USD 5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Light & Wonder Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000750004-26-000010), on February 24, 2026, and is solely responsible for the information contained therein.