Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 88

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 resources. Additionally, AEBITDA is one of the key metrics used in our incentive compensation program. The accounting policies for our reportable segments are the same as those described within the Notes in our 2024 10-K. The following tables present our reportable segment information:Three Months Ended June 30, 2025GamingSciPlayiGamingTotal Reportable SegmentsUnallocated and Reconciling Items(1)TotalTotal revenue$528 $200 $81 $809 $— $809 Cost of revenue(2)(139)(53)(27)(219)— (219)Payroll and related(3)(83)(24)(17)(124)— (124)Other segment reconciling items(4)(26)(49)(9)(84)(30)(114)AEBITDA(5)280 74 28 382 (30)352 Reconciling items to net income before income taxes:Restructuring and other(1)— (2)(3)(14)(17)D&A(99)(99)Interest expense(77)(77)Other income, net(4)(4)Stock-based compensation(31)(31)Net income before income taxes$124 Capital expenditures for the three months ended June 30, 2025$62 $5 $5 $72 $6 $78 (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 reconciled to net income before income taxes with the following adjustments, as applicable: (1) depreciation and amortization expense and impairment charges (including goodwill impairments); (2) restructuring and other, which includes charges or expenses attributable to: (i) employee severance; (ii) management restructuring and related costs; (iii) restructuring and integration; (iv) cost savings initiatives; (v) major litigation; and (vi) acquisition- and disposition-related costs, strategic review and other unusual items; (3) interest expense; (4) gain (loss) on debt financing transactions; (5) change in fair