LNW•Light & Wonder reported Q3 revenue of $824 million and net income of $133 million, up 17% year over year. iGaming revenue rose 13%, and Fitch upgraded the company’s outlook rating to positive.
Light & Wonder reported Q3 revenue of $824 million and net income of $133 million, with net income rising 17% year over year. The company said margin expansion, cash generation and growth in recurring revenue contributed to the results.
iGaming revenue increased 13% year over year, helping expand recurring revenue. Fitch upgraded the company’s outlook rating to positive during the quarter. Light & Wonder aims to reduce its net debt leverage ratio to below 3.0 times in the first half of 2027.
