Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 153

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 153
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forming game franchises along with $40 million in Grover revenue contributions. Gaming revenue for the nine months ended September 30, 2025 increased by 2% as compared to the prior year period. The change in Gaming revenue also benefited from Table products growth of 6% and 5% for the three and nine months ended September 30, 2025, 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.

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Results of Operations and KPIs

Three and Nine Months Ended September 30, 2025 and 2024

Three Months Ended September 30,VarianceNine Months Ended September 30,Variance($ in millions, except per unit amounts)202520242025 vs. 2024202520242025 vs. 2024Revenue: Gaming operations(1)$241 $175 $66 38 %$624 $515 $109 21 %Gaming machine sales189 238 (49)(21)%587 670 (83)(12)%Gaming systems72 71 1 1 %208 213 (5)(2)%Table products56 53 3 6 %162 154 8 5 %Total revenue$558 $537 $21 4 %$1,581 $1,552 $29 2 %F/X impact on revenue$2 $3 $(1)(33)%$2 $2 $— — %KPIs:U.S. and Canada units(1):Installed base at period end47,240 33,151 14,089 42