Light & Wonder Inc Ordinary Shares

LNWO: OTCM (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Light & Wonder Earnings: Strong Performance From Gaming Machines; Shares Undervalued

Angus Hewitt

Feb 25, 2026

Light & Wonder's 2025 underlying EBITDA increased 16% to USD 1.4 billion. The result was driven by 4% revenue growth, mostly in gaming machines, and margin expansion across all businesses. Consolidated EBITDA margins were 44%, from 39% last year.

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Light & Wonder Inc Ordinary Shares

Light & Wonder Earnings: Strong Performance From Gaming Machines; Shares Undervalued

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