Company: LAWIL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000750004-25-000072
Chunk: 131

Company: Light & Wonder, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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Play’s content library includes recognizable game content across our other platforms within Gaming and iGaming. This content allows players who like playing land-based game content to enjoy some of those same titles in SciPlay’s free-to-play games. 

Current Year Update

SciPlay continues to deliver steady results and quality payer engagement and monetization. Revenue decreased by 4% and 3% for the three and nine months ended September 30, 2025, respectively, which was primarily due to a decline in average monthly payers, primarily attributable to Jackpot Party® Casino, partially offset by an increase in average monthly revenue per paying user. Additionally, the overall social casino industry is experiencing pressures from sweepstakes operators. SciPlay continues to deploy strategic game updates, utilize enhanced analytics, pursue international expansion and benefit from the proprietary direct-to-consumer platform.

We have a significant portion of SciPlay personnel located in Tel Aviv, Israel. In light of current circumstances in Israel, we are actively monitoring developments and are ready to redirect resources as needed to minimize impact on SciPlay operations. We do not have servers or infrastructure that are located in Israel that host our games. While we have not yet seen an impact on our business from current events, they could negatively affect the performance of the personnel in that area and have an adverse impact on our business if these events continue and/or escalate. 

Results of Operations and KPIs

Three and Nine Months Ended September 30, 2025 and 2024

(1) Other primarily represents advertising revenue, which was not material for the periods presented. 

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Three Months Ended September 30,VarianceNine Months Ended September 30,Variance(in millions unless otherwise noted)202520242025 vs. 2024202520242025 vs. 2024Revenue:    Third-party platforms and other(1)$157 $181 $(24)(13)%$496 $556 $(60)(11)%Direct-to-consumer platforms40 25 15 60 %103 61 42 69 %Total revenue$197 $206 $(9)(4)%$599 $617 $(18)(3)%KPIs:In-App Purchases:Average MAU(2)5.2 5.6 (0.4)(7)%5.3 5.6 (0.3)(5)%Average DAU(3)2.0 2.1 (0.1)(5)%2.0