Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 150

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 150
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 1%, as compared to the prior year period. The change in Gaming revenue for the three and six months ended June 30, 2025 also benefited from Table products growth of 2% and 5%, respectively.

Our growth is driven by the continued strength and success of our diversified portfolio of successful game franchises, including KONG: SKULL ISLAND, HUFF N’ PUFF®, ULTIMATE FIRE LINK®, INVADERS! ATTACK FROM THE PLANET MOOLAH®, FRANKENSTEIN, our hit Asian-themed games 88 FORTUNES® and DANCING DRUMS®, stepper favorites QUICK HIT® and BLAZING 777® and the success of our COSMIC®, COSMIC UPRIGHT and HORIZON® cabinets. We are actively monitoring any impact of recent tariffs, inflationary pressures, supply chain disruptions and macroeconomic uncertainty that may impact our operations and financial results. See the “Business Overview” section above and Item 1A “Risk Factors” for information regarding recent trade tariffs which may have a significant impact on our Gaming business.

36

Results of Operations and KPIs

Three and Six Months Ended June 30, 2025 and 2024

Three Months Ended June 30,VarianceSix Months Ended June 30,Variance($ in millions, except per unit amounts)202520242025 vs. 2024202520242025 vs. 2024Revenue: Gaming operations(1)$209 $175 $34 19 %$382 $340 $42 12 %Gaming machine sales191 228 (37)(16)%398 433 (35)(8)%Gaming systems73 82 (9)(11)%136 142 (6)(4)%Table products55 54 1 2 %106 101 5 5 %Total revenue$528 $539 $(11)(2)%$1,022 $1,016 $6 1 %F/X impact on revenue$2 $(1)$3 nm$— $(1)$1 nmKPIs:U.S. and Canada units(1):Installed base at period end46,372 32,566 13,806 42 %46,372 32,566 13,806 42 %Average daily revenue per unit$47.40 $50.41 $(3.01)(6