Tiger Brokers

L&W FY2025 restructuring and other expense jumps 133% to USD 219 million

Reuters
Feb 25
L&W FY2025 restructuring and other expense jumps 133% to USD 219 million

Light & Wonder reported FY 2025 total revenue of USD 3.3 billion (+4%), operating income of USD 683 million (+2%), net income before income taxes of USD 365 million (-13%), and net income of USD 276 million (-18%). Total operating expenses were USD 2.6 billion (+4%), including restructuring and other of USD 219 million (up 133%), which the company said was driven largely by USD 130 million of charges related to legal matters, primarily tied to the Aristocrat settlement. By segment, Gaming revenue was USD 2.2 billion (+6%), including gaming operations revenue of USD 860 million (+25%) and USD 102 million of incremental revenue from the Grover acquisition. SciPlay revenue was USD 794 million (-3%), with direct-to-consumer platforms revenue of USD 150 million (+70%) representing 19% of SciPlay revenue. iGaming revenue increased USD 38 million (+13%) and wagers processed through the Open Gaming System rose to USD 109 billion. For corporate updates, Light & Wonder said it repurchased 10.1 million shares in FY 2025 for USD 885 million (including excise tax). The company also completed the Grover acquisition in May 2025 for USD 850 million upfront, and said it agreed on Jan. 11, 2026 to settle Dragon Train and Jewel of the Dragon litigation with Aristocrat for about USD 128 million. Light & Wonder also delisted from Nasdaq and began trading with a sole primary listing on the ASX in November 2025.

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: 0000750004-26-000012), on February 24, 2026, and is solely responsible for the information contained therein.

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