secwatch.observer — SEC 8-K summary
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Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0000750004-26-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Light & Wonder Q1 revenue $790M (+2%); net income down 37% on $50M legal reserve; AEBITDA $327M (+5%)
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- Revenue $790M (+2% YoY); Gaming operations revenue up 38% to $239M; machine sales down 25%.
- Net income $52M ($0.66/share), down 37% YoY due to ~$50M legal reserve; Adjusted NPATA $115M ($1.45/share, +7%).
- Consolidated AEBITDA $327M (+5%); all three segments posted AEBITDA growth and margin expansion.
- North American premium unit base up 650 sequentially (2,550 YoY); Grover added 660 units from Indiana entry.
- Operating cash flow $139M (-25% on legal settlements); Adjusted free cash flow $207M (+86%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000075000426000021/0000750004-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000075000426000021/lnw-20260506.htm
  HTML page:      https://secwatch.observer/filing/0000750004-26-000021

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