Welcome to our dedicated page for Light & Wonder news (Ticker: LNW), a resource for investors and traders seeking the latest updates and insights on Light & Wonder stock.
Light & Wonder, Inc. (LNW) features frequently in financial and corporate news as a cross-platform global games company with three complementary segments: Gaming, SciPlay and iGaming. News coverage for LNW often centers on its quarterly results, capital allocation decisions, listing strategy and developments across its games portfolio.
Recent earnings releases highlight topics such as growth in Gaming operations, record iGaming revenue, and trends in SciPlay’s direct-to-consumer revenue. These updates also discuss segment AEBITDA, Adjusted NPATA, and free cash flow, along with commentary from senior leadership on game performance, content roadmap and cross-platform strategy. Investors following LNW news can see how factors like macroeconomic conditions, customer purchasing behavior, and integration of acquisitions such as Grover charitable gaming influence reported results.
Another key theme in Light & Wonder news is its capital markets and listing strategy. The company has announced a transition from a dual listing on Nasdaq and the Australian Securities Exchange (ASX) to a sole primary listing on the ASX. Related press releases provide detailed timetables for the Nasdaq delisting, guidance for shareholders on converting shares into CHESS Depositary Interests, and explanations of the rationale for consolidating trading liquidity on the ASX.
LNW news items also cover financing and capital structure, including the pricing and completion of senior unsecured notes due 2033 and the use of proceeds to refinance existing debt and support general corporate purposes. Additional updates may include legal proceedings, such as litigation developments in Nevada, and corporate governance or leadership changes disclosed through press releases and SEC filings. For investors and observers, the LNW news feed offers a consolidated view of these operational, financial, legal and listing-related developments over time.
Light & Wonder (NASDAQ: LNW) reported third quarter 2025 results with consolidated revenue of $841M (up 3%) and Net income $114M (up 78%), or $1.34 diluted EPS (up 89%). Consolidated AEBITDA was $375M (up 18%) and Adjusted NPATA was $153M (up 25%; $1.81 EPSa, up 35%). Free cash flow was $136M (up 64% YoY) and operating cash flow was $184M (up 55% YoY). Gaming revenue grew to $558M with 21 consecutive quarters of North American premium installed‑base growth and Grover adding 229 units sequentially. Issued $1B of 6.25% notes due 2033, retiring $700M of 2028 notes to extend maturities and lower interest rates. The company returned $111M in buybacks in Q3 and has repurchased $1.5B of shares since 2022.
Light & Wonder (NASDAQ: LNW) announced it will delist from Nasdaq to transition to a sole primary listing on the Australian Securities Exchange (ASX).
The company said the move is intended to align its capital markets presence with its long‑term growth plans and shareholder base, and to consolidate trading liquidity on the ASX. Light & Wonder intends to file a Form 25 with the SEC on November 3, 2025 (EST), expects Nasdaq to suspend trading after the close on November 12, 2025 (EST), and anticipates the delisting to become effective on November 13, 2025 (EST).
Light & Wonder (NASDAQ: LNW) provided an update on a Nevada court ruling on October 18, 2025, in its litigation with Aristocrat. The court granted Aristocrat's renewed motion to obtain discovery of math models for certain Light & Wonder hold and spin games released since 2021, after Emma Charles joined the company. The company said it is disappointed but remains confident—based on a previously disclosed expert review—that no Aristocrat math appears in commercially released games except Dragon Train and Jewel of the Dragon. The U.S. litigation schedule shows fact discovery closes on December 15, 2025 and expert discovery closes on March 16, 2026.
Light & Wonder (NASDAQ: LNW) confirmed its plan to delist from Nasdaq and transition to a sole primary listing on the Australian Securities Exchange. The company expects Nasdaq delisting to be effective prior to market open on November 13, 2025 (EST), with the last Nasdaq trading day on November 12, 2025 and ASX trading to commence on a sole primary basis at 10:00am AEDT on November 14, 2025. Shareholders must convert Nasdaq-listed Shares into CHESS Depositary Interests (CDIs) to trade on ASX, sell on Nasdaq before suspension, or hold and trade OTC after delisting. Conversion instructions and transfer agent contact details are provided.
Light & Wonder (NASDAQ: LNW) will report its third quarter 2025 financial results on Wednesday, November 5, 2025 after U.S. markets close (before the ASX opens on November 6, 2025).
The company will host an investor conference call and simultaneous webcast on November 5, 2025 at 4:30 p.m. ET (1:30 p.m. PT) / November 6, 2025 at 8:30 a.m. Australian Daylight Savings Time. Participants may pre-register to receive a passcode and unique PIN to bypass the operator. The live webcast and a replay (available about one hour after the call) will be accessible via the company investor site at https://explore.investors.lnw.com.
Light & Wonder (NASDAQ/ASX: LNW) has appointed Rohan Gallagher as Executive Vice President and Global Chief Corporate Affairs Officer, based in Sydney. In this newly created position, Gallagher will oversee Investor Relations, ESG, Corporate Social Responsibility, and Global Communications.
The appointment comes as Light & Wonder prepares to transition to a sole listing on the Australian Securities Exchange (ASX). Gallagher joins from Jarden Group's Institutional Equities division, bringing extensive experience including roles at Aristocrat, Ampol, and Credit Suisse Australia. His appointment aligns with the company's strategy to enhance stakeholder engagement and drive growth.
Light & Wonder (NASDAQ: LNW) has successfully completed a private offering of $1 billion in senior unsecured notes due 2033, with a 6.250% interest rate. The notes were issued at 100.000% by Light and Wonder International, Inc. (LNWI), a wholly owned subsidiary.
The proceeds will be used to repay outstanding borrowings under LNWI's revolving credit facility, redeem $700 million of 7.000% senior unsecured notes due 2028, and for general corporate purposes, including potential equity repurchases. The notes are guaranteed by Light & Wonder and certain subsidiaries but are not secured.
Light & Wonder (NASDAQ: LNW) has announced the pricing of $1 billion in senior unsecured notes due 2033, with a 6.250% interest rate. The notes will be issued at 100.000% by Light and Wonder International, Inc. (LNWI), a wholly owned subsidiary.
The proceeds will be used to repay outstanding revolving credit facility borrowings, redeem $700 million of 7.000% senior notes due 2028, and for general corporate purposes, including potential equity repurchases. The notes will be guaranteed by Light & Wonder and certain subsidiaries, with the offering expected to close on September 24, 2025.
Light & Wonder (NASDAQ: LNW) has announced that its subsidiary, Light and Wonder International, plans to offer $1 billion in senior unsecured notes due 2033 through a private offering. The proceeds will be used to:
- Repay outstanding borrowings under its revolving credit facility
- Redeem all $700 million of outstanding 7.000% senior unsecured notes due 2028
- Fund general corporate purposes, potentially including company equity repurchases
The notes will be guaranteed on a senior basis by Light & Wonder and certain subsidiaries, offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
Light & Wonder (NASDAQ/ASX: LNW) reported Q2 2025 results with consolidated revenue of $809 million (down 1% YoY), while net income increased 16% to $95 million and Consolidated AEBITDA grew 7% to $352 million.
Key highlights include: 20th consecutive quarterly increase in premium installed base, addition of 845 North American Gaming units, successful completion of Grover acquisition with 600+ units added, and Board approval for sole primary ASX listing with Nasdaq delisting expected by November 2025. The company returned $266 million to shareholders through share repurchases in H1 2025 and approved an additional $500 million for buybacks.
Light & Wonder provided FY 2025 guidance with Consolidated AEBITDA expected between $1.43-1.47 billion and Adjusted NPATA between $550-575 million. The company maintains a net debt leverage ratio of 3.7x as of June 30, 2025.