Recent Updates — LNW

Board members Jamie Odell (Chair) and Toni Korsanos (Vice Chair) intend to exercise a portion of their vested options on a cashless basis under the Company's 2003 Incentive Compensation Plan. The exercise will involve receiving CDIs equal to the value difference between the exercise price and the CDI price, with no additional dilution expected as CDIs will be transferred from the Light & Wonder Employee Share Trust. Both directors will sell a portion of the net CDIs to cover resulting income tax liabilities. Light & Wonder, Inc. is a global games company providing immersive content and gaming experiences.

Light & Wonder, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Consolidated revenue increased 2% year-over-year to $828 million, while net income rose 26% to $120 million, or $1.53 per diluted share. Consolidated Adjusted EBITDA grew 9% to $383 million, and adjusted free cash flow increased 50% to $156 million. The company returned $134 million to shareholders through the repurchase of approximately 1.6 million CDIs during the quarter. Principal debt outstanding was $5.2 billion, resulting in a net leverage ratio of 3.4x as of June 30, 2026. Light & Wonder operates in the global gaming industry, providing casino games, systems, and social/iGaming platforms.