Light & Wonder's first-quarter 2026 underlying EBITDA lifted 9% on last year to USD 383 million. Gaming machines and i-gaming were again the standouts, with double-digit EBITDA growth. This was offset by a 3% EBITDA decline in SciPlay, symptomatic of a broader social casino decline.
Stringent regulatory licensing requirements create barriers to entry for new players, protecting the market share of Light & Wonder and other incumbents.
Regulatory tightening of land-based gaming, particularly in Australia, may dampen demand for Light & Wonder’s electronic gaming machines.
|
Metric
|
LNW
|
WYNN
|
DKNG
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.34 | 19.56 | 60.76 |
Price/Book Value | 21.55 | — | 20.65 |
Price/Sales | 2.02 | 1.24 | 1.89 |
Price/Cash Flow | 7.75 | 6.19 | 31.18 |
|
Metric
|
LNW
|
WYNN
|
DKNG
|
|---|---|---|---|
Quick Ratio | 1.10 | 0.84 | 0.69 |
Current Ratio | 1.73 | 0.91 | 1.02 |
Interest Coverage | 2.05 | 2.03 | −3.52 |
|
Metric
|
LNW
|
WYNN
|
DKNG
|
|---|---|---|---|
Return on Assets (Normalized) | 9.10% | 3.62% | 1.85% |
Return on Equity (Normalized) | 128.34% | — | 11.60% |
Return on Invested Capital (Normalized) | 15.24% | 8.42% | 4.30% |
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1-Day Chart
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United States