Light & Wonder Reports Growth and Margin Expansion
United States.- 7 August 2026 | www.zonadeazar.com Light & Wonder generated consolidated revenue of USD 828 million during the second quarter of 2026, representing year-on-year growth of 2%.
The company highlighted margin expansion, strong cash generation and continued improvement in recurring revenue, supported by Gaming Operations, Grover Charitable Gaming and its iGaming business.
News Details
Gaming segment revenue increased by 5% to USD 554 million.
Gaming Operations rose by 18% to USD 247 million, while Table Products revenue increased by 13% to USD 62 million.
Gaming machine sales declined by 4%, primarily due to lower unit shipments amid fewer new casino openings, expansions and adjacent placements.
During the quarter, Light & Wonder shipped 8,796 new machines globally, including more than 4,900 units in North America.
Industry Context
The North American premium Gaming Operations installed base recorded its 24th consecutive quarter of growth.
The company added 652 units sequentially and more than 2,550 compared with the corresponding period of 2025. Grover expanded its footprint by a further 277 units from the previous quarter.
The iGaming division maintained double-digit growth. Revenue increased by 14% and adjusted EBITDA rose by 18%, supported by North American momentum, the expansion of first-party content and partner-network growth.
This performance was achieved despite the impact of higher United Kingdom gaming duties.
SciPlay continued increasing its direct-to-consumer revenue, while average revenue per payer improved sequentially within a mature social-casino market.
Statements
Matt Wilson, President and Chief Executive Officer of Light & Wonder, said:
“Our second-quarter results reflect continued execution of our content-centric operating model, with broad-based growth, margin expansion and quality earnings across all three businesses.”
He added:
“We continue to see the benefits of our sustained investment in studios and content, as our franchises drive strong game performance across the portfolio.”
Oliver Chow, Chief Financial Officer of Light & Wonder, stated:
“The second quarter demonstrated continued scaling across the business, with margin expansion across all three businesses translating into strong underlying cash generation.”
Next Steps or Impact
Light & Wonder returned USD 134 million to shareholders through share repurchases during the second quarter, taking first-half buybacks to USD 156 million.
The company intends to reduce the pace of future repurchases and focus on rapidly lowering net debt leverage below 3.0 times as it progresses towards an investment-grade leverage profile.
It will also maintain investment in artificial intelligence, infrastructure, product innovation and talent as it works towards its 2026 and 2028 financial targets.
EditĂł: @fonta
