secwatch.observer — SEC 8-K summary
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Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0000750004-25-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.82
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000075000425000070/0000750004-25-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000075000425000070/lnw-20251105.htm
  HTML page:      https://secwatch.observer/filing/0000750004-25-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer