Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 89

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 value of investments and remeasurement of debt and other; (6) other income (expense), net, including foreign currency gains or losses and earnings from equity investments; and (7) stock-based compensation. AEBITDA is presented as our primary segment measure of profit or loss.

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Three Months Ended June 30, 2024GamingSciPlayiGamingTotal Reportable SegmentsUnallocated and Reconciling Items(1)TotalTotal revenue$539 $205 $74 $818 $— $818 Cost of revenue(2)(156)(57)(23)(236)— (236)Payroll and related(3)(80)(25)(19)(124)— (124)Other segment reconciling items(4)(31)(53)(8)(92)(36)(128)AEBITDA(5)272 70 24 366 (36)330 Reconciling items to net income before income taxes:Restructuring and other(1)— 1 — (34)(34)D&A(87)(87)Interest expense(75)(75)Other income, net5 5 Stock-based compensation(31)(31)Net income before income taxes$108 Capital expenditures for the three months ended June 30, 2024$74 $4 $7 $85 $1 $86 (1) Includes amounts not allocated to the reportable segments (including corporate costs) and items to reconcile the total reportable segments AEBITDA to our consolidated net income before income taxes.(2) Excludes D&A.(3) Excludes stock-based compensation.(4) Primarily represents various other non-payroll related operating expenses, including but not limited to, professional and legal services, marketing, facilities and operating leases, maintenance and other operating expenses.(5) AEBITDA is described in footnote (5) to the first table in this Note 3.

Six Months Ended June 30, 2025GamingSciPlayiGamingTotal Reportable SegmentsUnallocated and Reconciling Items(1)TotalTotal revenue$1,022 $402 $158 $1,582 $— $1,582 Cost of revenue(2)(269)(108)(53)(430)— (430)Payroll and related(3)(166)(51)(33)(250)— (250)Other segment reconciling items(4)(53)(105)(