Light & Wonder, Inc. reported its financial results for the second quarter of 2026, revealing a total revenue of $828 million, a 2.4% increase from $809 million in the same period last year. For the first half of 2026, revenue reached $1.617 billion, up from $1.582 billion in the prior year. The company’s net income for the quarter was $120 million, or $1.55 per share, compared to $95 million, or $1.12 per share, in the second quarter of 2025. For the six-month period, net income was $172 million, down slightly from $177 million in the previous year.

The company experienced notable changes in its revenue streams, particularly in its Gaming segment, which saw a 5% increase in revenue for the second quarter, driven by higher gaming operations revenue and contributions from the recently acquired Grover business. However, the SciPlay segment faced challenges, with revenues declining by 9% in the second quarter, attributed to a softer social casino market and a decrease in average monthly payers. In contrast, the iGaming segment reported a 14% revenue increase, bolstered by growth in the North American market.

Operationally, Light & Wonder has made strategic moves, including the acquisition of Grover, which has been integrated into its Gaming segment. The company reported a total of 48,639 installed gaming units in North America, reflecting a 5% increase year-over-year. The average daily revenue per unit also improved, indicating enhanced performance in its gaming operations. However, the company noted a decrease in international units, primarily due to the closure of certain licensed betting offices in the U.K.

Looking ahead, Light & Wonder expressed cautious optimism, emphasizing its focus on expanding its market presence and enhancing its product offerings. The company is actively monitoring macroeconomic factors, including inflation and supply chain disruptions, which could impact its operations. Additionally, the company is committed to maintaining its share repurchase program, having repurchased approximately 1.8 million shares at a cost of $156 million in the first half of 2026. The outlook remains positive, with expectations for continued growth in its Gaming and iGaming segments, despite the challenges faced in the SciPlay division.

About Light & Wonder, Inc.

Light & Wonder, Inc. is a global leader in gaming entertainment, providing casino gaming machines, systems, and content for land-based and online markets. Its core segments include gaming hardware, digital social casino games through SciPlay, and iGaming content and platforms. The company serves regulated gaming jurisdictions worldwide, focusing on innovative, cross-platform gaming experiences, with a competitive edge built on proprietary content, technology, and strategic market expansion.

This description was generated via AI from an annual report. Updated about 1 year ago.

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