(AsiaGameHub) – Consolidated revenue increased by 2 per cent year-over-year.
US.- Light & Wonder reported US$790 million in revenue for the first quarter of 2026, marking a 2 per cent increase compared to the same period last year. Adjusted EBITDA grew by 5 per cent to US$327 million; however, net income fell by 37 per cent to US$52 million following the company’s allocation of approximately US$50 million to legal reserves, which included a portion of a US$128 million settlement related to a dispute with Aristocrat Leisure Ltd.
Gaming revenue rose 3 per cent to US$512 million during the quarter, primarily driven by a 38 per cent increase in gaming operations revenue, reaching US$239 million. Table products revenue climbed 24 per cent to US$63 million.
Gaming machine sales revenue declined by 25 per cent, largely due to the timing of video lottery terminal shipments in North America and international markets relative to the prior-year period. The average selling price per unit remained stable at around US$19,700.
In the igaming segment, revenue grew by 18 per cent while EBITDA increased by 22 per cent, supported by expansion in the United States. SciPlay revenue continued to face pressure amid what the company described as a mature social casino market, although direct-to-consumer revenue and active user metrics improved sequentially.
Chief Financial Officer Oliver Chow stated that the group remains focused on investing in growth opportunities, reducing debt levels, and returning capital to shareholders through share repurchases.
According to the May 6 filing, 25 per cent of total outstanding shares have been repurchased since the initiation of the company’s buyback programme. Light & Wonder anticipates continuing to lower its leverage through 2026, aiming for a net debt leverage ratio below 3.0x by the first half of 2027.
The company was recently awarded a new 10-year contract by the Illinois Gaming Board (IGB) following a public competitive bidding process. It has served as the central system provider and operator for the IGB since its launch in 2012.
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