---
schema_version: "secwatch.filing_event.v1"
accession: "0000750004-25-000070"
form_type: "8-K"
ticker: "LNWO"
cik: "0000750004"
company_name: "Light & Wonder, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:27:41.824686+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000750004-25-000070
- form_type: 8-K
- ticker: LNWO
- cik: 0000750004
- company_name: Light & Wonder, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750004/000075000425000070/0000750004-25-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750004/000075000425000070/lnw-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000750004-25-000070
- JSON: https://secwatch.observer/filing/0000750004-25-000070.json
- Plain text: https://secwatch.observer/filing/0000750004-25-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.