Light & Wonder Q3 net income +78% to $114M; AEBITDA +18% to $375M

Light & Wonder, Inc.

2025-Q3 EPS reported $3.39 revenue$2,424,000,000

Consolidated revenue $841M (+3% YoY); Net income $114M (up 78%); EPS $1.34 (up 89%).
Consolidated AEBITDA $375M (+18%); Adjusted NPATA $153M (+25% to $1.81 per share).
Gaming ops revenue $241M (+38%); North American premium installed base +639 units sequentially; Grover +229 units.
Operating cash flow $184M; Free cash flow $136M (up 64% YoY).
Returned $111M via share repurchases in Q3, $101M more through Oct 31; extended 2028 debt to 2033 at lower rate.

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