Light & Wonder, Inc. reported third-quarter 2026 revenue of $824 million, down 2% from $841 million a year earlier, while net income rose 17% to $133 million from $114 million. Operating income was $242 million, up 6% from $229 million. For the nine months ended September 30, 2026, revenue was $2,440 million versus $2,424 million, and net income was $305 million versus $291 million.
Segment revenue moved in different directions: Gaming declined 1% to $554 million, SciPlay fell 12% to $173 million, and iGaming increased 13% to $97 million. SciPlay's direct-to-consumer platform represented approximately 31% of its third-quarter revenue, compared with 20% a year earlier. Net cash provided by operating activities for the nine months was $616 million, versus $475 million in 2025.
During the nine months ended September 30, 2026, Light & Wonder repurchased approximately 1.8 million CDIs under its share repurchase program for an aggregate cost of $156 million, excluding $7 million of excise taxes paid during the period related to purchases made in 2025. Separately, its employee share trust purchased 0.4 million CDIs for $30 million.
Light & Wonder, Inc. director Jamie Odell reported the vesting of 2,138 and 3,334 restricted stock units on October 1, 2026. The units converted one-for-one into common stock; the awards granted December 11, 2023, had fully vested. Odell’s indirect holdings included 8,275 shares held through New Dusk Pty Ltd (Odell Family Trust) and 10,000 shares held by the Jamie and Caroline Odell Superannuation Fund.
Light & Wonder, Inc. director Antonia Korsanos reported the vesting of 1,418 and 3,334 restricted stock units on October 1, 2026, with each unit converting into one common share. Each transaction entry represents vesting of one-third of restricted stock units granted on December 11, 2023; the award has fully vested. The shares are held through CHESS Depositary Interests, each representing one fully paid common share. Korsanos also reported 313 common shares held by her child and disclaimed beneficial ownership of those shares.
Light & Wonder, Inc. director Hamish McLennan reported that Londolozi Pty Limited ATF Londolozi Family Trust purchased 5,750 common shares on March 10, 2022, across four reported tranches: 1,514 shares at a weighted-average price of $57.4200 per share, 962 at $58.3600, 1,794 at $59.6400, and 1,480 at $60.1400. The amendment corrects the reported acquisition and beneficial-ownership figures; the trust holds 4,000 shares as of the amendment date.
Light & Wonder, Inc. (LNWO) reported that President & CEO Matthew R. Wilson received equity awards totaling 44,832 Restricted Stock Units and Performance Stock Units on September 15, 2026. This consists of 22,416 time-vesting RSUs that vest in three equal installments on March 4, 2027, 2028 and 2029, and 22,416 PSUs split into two grants of 11,208 units each that cliff vest on March 4, 2029 if a performance goal is achieved by December 31, 2028, otherwise they are forfeited. Each unit converts into one share of common stock (delivered as CHESS Depositary Interests via on‑market purchases), and the company notes that its 2026 proxy statement understated the number of RSUs/PSUs, which should have been based on $4,077,450 divided by the March 4, 2026 grant date fair value.
Light & Wonder, Inc. (LNWO) has a director, Hamish McLennan, filing a notice under Rule 144 to permit the sale of common stock through LGT Wealth Management on the ASX. The notice covers 3,700 shares of common stock, with an indicated aggregate market value of 329,119.15.
The filing reports that 77,049,181 shares of common stock were outstanding, and notes that McLennan previously acquired 9,700 shares in an open market purchase on September 14, 2020 for cash.
Light & Wonder, Inc. (LNWO) director Hamish McLennan reported an open-market sale of 3,700 shares of Common Stock (through CHESS Depositary Interests) on September 9, 2026 at a weighted average price of $89.26 per share. After this sale, he held 25,137 shares directly, plus 6,380 shares indirectly through a superannuation fund and 9,750 shares indirectly through a family trust. No Rule 10b5-1 trading plan is reported for this transaction.
Light & Wonder, Inc. (LNWO) reports that investment entities affiliated with Caledonia have filed Amendment No. 13 to a Schedule 13G disclosing a beneficial ownership of 4,131,343 shares of common stock, representing 5.37% of the class. Caledonia (Private) Investments Pty Limited and Caledonia US, LP report no sole voting or dispositive power and instead hold shared voting and shared dispositive power over all 4,131,343 shares. The filing reflects a passive-style ownership report rather than a control filing and is signed by Matthew Moses as General Counsel for the reporting persons.
Light & Wonder, Inc. (LNWO) reported that EVP, CFO & Treasurer Oliver Chow had restricted stock units vest on August 25, 2026. One-third of an RSU award granted on August 30, 2023 vested, converting 879 restricted stock units into 879 shares of common stock. Of these shares, 346 shares were withheld to satisfy tax withholding obligations at a price of $91.13 per share, with the balance retained. The vested shares are held as CHESS Depositary Interests traded on the Australian Securities Exchange, each representing one share of common stock.
Light & Wonder, Inc. (LNWO) director Antonia Korsanos exercised stock options for 150,000 shares of common stock on August 17, 2026 at an exercise price of $35.42 per share, then had 55,334 CDIs withheld to pay the exercise price. On August 18, 2026 she sold CDIs representing common stock in several open-market transactions (including 1,425 shares at $91.50 and 37,929 shares at $91.95, plus additional tax-related sales at $93.06), all to cover tax liabilities arising from the option exercise. After the option exercise, 377,933 stock options remained outstanding, and an additional 313 shares are reported as held indirectly by a child, for which beneficial ownership is disclaimed.