---
schema_version: "secwatch.filing_event.v1"
accession: "0000750004-26-000010"
form_type: "8-K"
ticker: "LNWO"
cik: "0000750004"
company_name: "Light & Wonder, Inc."
filed_at: "2026-02-24T23:59:59+00:00"
generated_at: "2026-05-16T00:58:11.841961+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000750004-26-000010
- form_type: 8-K
- ticker: LNWO
- cik: 0000750004
- company_name: Light & Wonder, Inc.
- filed_at: 2026-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750004/000075000426000010/0000750004-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750004/000075000426000010/lnw-20260224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000750004-26-000010
- JSON: https://secwatch.observer/filing/0000750004-26-000010.json
- Plain text: https://secwatch.observer/filing/0000750004-26-000010.txt

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