Light & Wonder reported excellent second quarter results for 2026, with net profits up 26% year-on-year to €112 million, and revenues at €770 million. Consolidated adjusted EBITDA also increased by 9% to €356 million, thanks to consistent growth in gaming operations and iGaming.
Quarterly revenue grew 2% from the same quarter last year, largely due to the business coming from recurring revenues from gaming operations.
Earnings per share was at €1.42, from €1.03 a year ago, while adjusted NPATA arrived at €1.85, a rise of 26%.
Operating cash flow increased more than 2x to €224 million from €99 Million. Adjusted free cash flow was also higher by 50% at €145 million, while capital investment increased slightly to €77 million.
Gaming revenue grew 5% to €515 million, helped by an increase of 18% in revenue from gaming operations, and an increase of 13% in revenue from table products. However, gaming machine sales declined 4% to €171 million.
The iGaming sector remained strong once again, with revenue up 14% to €86 million. Adjusted EBITDA also saw an increase of 18%, reaching €31 million. Furthermore, the company’s Open Gaming System hit a record of €29.1 billion in wagers processed.
SciPlay’s revenue decreased by 9% to €169 million due to weak demand for social casino games, but direct-to-consumer sales reached €49 million, representing 29% of the segment.
Finally, in the North American premium casinos, Light & Wonder recorded their 24th straight quarter of growth for their installed base, with growth of 652 units during the quarter and over 2,550 units year-on-year.
Lastly, Grover’s results show a quarter-end total of over 12,550 installed units, which is a 277-unit growth for the quarter and resulted in a revenue of €42 million.
Globally, the company shipped 8,796 gaming machines in the quarter, out of which more than 4,900 were delivered in North America.
Matt Wilson, President and Chief Executive Officer of Light & Wonder, commented:
Broad-based growth, margin expansion and quality earnings drove the quarter.
Oliver Chow, Chief Financial Officer of Light & Wonder, commented:
The quarter delivered margin expansion and strong cash generation. We returned €125 million to shareholders in Q2 and €145 million in the first half, and will slow repurchases to prioritise de-levering toward below 3.0x net debt leverage.
