Light & Wonder Q4 revenue +12% to $891M; net loss $15M on $128M legal charge; record FY AEBITDA $1.44B

Light & Wonder, Inc.

2025-FY EPS reported $3.26 revenue$3,314,000,000

Q4 revenue $891M (+12% YoY); net loss $15M ($0.19 loss per share) due to $128M Aristocrat legal settlement charge.
Full-year net income $276M; record consolidated AEBITDA $1.44B; adjusted NPATA $567M.
Q4 consolidated AEBITDA $405M (+29%); all three businesses delivered record quarterly AEBITDA.
Record Q4 North American gaming machine shipments of 7,000 units; added 700+ gaming operations units sequentially (Grover +345 units).
Returned $877M to shareholders via buybacks in 2025, including $500M in Q4; transitioned to sole ASX listing.

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