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Light & Wonder reports $86m iGaming revenue in Q3 2025

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Light & Wonder reported record iGaming revenue of $86m in Q3 2025, up 16% year on year, according to comments by chief executive Matt Wilson on the company’s earnings call. Wilson said seven of the top ten games on its OGS network were first-party titles; he also attributed pressure on SciPlay’s Jackpot Party to competition from sweepstakes casinos.

Record iGaming growth contrasts with pressure on Jackpot Party from sweepstakes casino competition.

End-of-day close Light & Wonder (LNW), AUD, to 19 December 2025
Story date22 September 202519 December 2025

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

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Light & Wonder reports $774m revenue in Q1 2025

Light & Wonder reported $774 million in revenue for Q1 2025, up 1.6% year on year, marking its 16th consecutive quarter of consolidated revenue growth. Gaming revenue rose 4% to $495 million, while SciPlay revenue fell 2% to $202 million and iGaming revenue increased 4% to $77 million; the company reiterated its 2025 adjusted EBITDA target of $1.5 billion.

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