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Light & Wonder raises first-quarter revenue to AU$790 million as profit falls

Deals & M&A

Light & Wonder reported first-quarter 2026 revenue of AU$790 million, up 2%, while profit fell 37% to AU$52 million. The company attributed the profit decline partly to a litigation settlement with Aristocrat Leisure; cash provided by operations was AU$139 million, and cash flow reached AU$327 million.

Investors can assess higher revenue alongside lower profit, litigation settlement attribution and reported cash generation.

End-of-day close Light & Wonder (LNW), AUD, to 19 June 2026
Story date23 March 202619 June 2026

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Latest reported results

Light & Wonder ASX: LNW

Quarter ended 30 September 2026

Revenue
USD 824.0m10-Q filing 0000750004-26-000047
Operating income
USD 242.0m10-Q filing 0000750004-26-000047

Aristocrat ASX: ALL

Quarter ended 30 September 2012

Revenue
AUD 261.5m

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Deals & M&A

Light & Wonder prioritises debt reduction after AU$153m repayment

Light & Wonder said it reduced debt by AU$153 million during its third quarter and is prioritising further debt reduction. CFO Oliver Chow said the company aims to lower leverage to three times cash flow by June 2027; recurring revenue represented 67% of total revenue, while systems sales fell 24%.

Chief executive Matt Wilson closed Light & Wonder's third-quarter earnings call late on Wednesday, describing "an eventful quarter". Among the financial results, Wilson highlighted a debt reduction of AU$153 million ($107.7 million). Fitch Ratings upgraded Light & Wonder's outlook to "Positive", and this was given particular emphasis.

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