Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 62

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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® 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 Months Ended March 31, 2025 and 2024

Three Months Ended March 31,Variance($ in millions, except per unit amounts)202520242025 vs. 2024Revenue: Gaming operations$173 $164 $9 5 %Gaming machine sales208 205 3 1 %Gaming systems63 60 3 5 %Table products51 47 4 9 %Total revenue$495 $476 $19 4 %F/X impact on revenue$(2)$— $(2)nmKPIs:U.S. and Canada units:Installed base at period end34,501 31,534 2,967 9 %Average daily revenue per unit$48.25 $48.82 $(0.57)(1)%International units(1):Installed base at period end19,896 22,163 (2,267)(10)%Average daily revenue per unit$15.07 $14.28 $0.79 6 %Gaming machine sales:U.S. and Canada new unit shipments5,769 4,437 1,332 30 %International new unit shipments4,001 5,259 (1,258)(24)%Total new unit shipments9,770 9,696 74 1 %Average sales price per new unit$19,996 $19,897 $99 — %nm = not meaningful.(1) Units exclude those related to game content licensing.

Gaming Operations

Gaming operations revenue growth was driven by strong game performance of hit franchises, including our premium games. Gaming operations for U.S. and Canada had a 2,967-unit increase in installed base, partially offset by a decrease in average daily revenue per unit of $0.57 for the three months ended March 31, 2025. Average daily revenue per unit for International units increased by $0.79 for the three months ended March 31, 2025. International ending installed base units decreased by 2,267