Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 125

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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 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)%$47.65 $49.34 $(1.69)(3)%International units(2):Installed base at period end19,526 21,997 (2,471)(11)%19,526 21,997 (2,471)(11)%Average daily revenue per unit$16.97 $15.59 $1.38 9 %$16.04 $14.93 $1.11 7 %Gaming machine sales:U.S. and Canada new unit shipments5,454 5,809 (355)(6)%11,223 10,246 977 10 %International new unit shipments3,585 5,501 (1,916)(35)%7,586 10,760 (3,174)(29)%Total new unit shipments9,039 11,310 (2,271)(20)%18,809 21,006