Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 126

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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 (2,197)(10)%Average sales price per new unit$18,930 $18,548 $382 2 %$19,483 $19,170 $313 2 %nm = not meaningful.(1) Inclusive of Grover active devices.(2) Units exclude those related to game content licensing.

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Gaming Operations

Gaming operations revenue growth was driven by a contribution of $21 million in revenue from Grover following the May 2025 acquisition as well as a $13 million, or 7%, increase driven by strong game performance of hit franchises, including our premium games. Gaming operations for U.S. and Canada (excluding Grover) had a 2,780-unit increase in installed base from the prior year period end, while Grover had an 11,026-unit active installed base as of June 30, 2025. Gaming operations (including Grover) had a decrease in average daily revenue per unit of $3.01 and $1.69 for the three and six months ended June 30, 2025, respectively, as growth related to our existing U.S. and Canada units was offset by inclusion of lower-yielding Grover units. Average daily revenue per unit for International units increased by $1.38 and $1.11 for the three and six months ended June 30, 2025, respectively. International ending installed base units decreased by 2,471 units from June 30, 2024 to June 30, 2025, primarily due to the expected closure of certain LBOs in the U.K., removals in Greece and the reduction of certain low-yielding units in Latin America.

Gaming Machine Sales

Gaming machine sales revenue decreased primarily due to macroeconomic uncertainty impacting the timing of game sales due to more cautious purchasing behavior and delayed capital expenditure among some of our customers.

The following table summarizes Gaming machine sales changes:

Three Months Ended June 30,VarianceSix Months Ended June 30,Variance202520242025 vs. 2024202520242025 vs. 2024U.S. and Canada unit shipments:Replacement units5,231 5,465 (234)(4)%10,629 9,761 868 9 %Casino opening and expansion units223 344 (121)(35)%594 485 109 22 %   Total unit shipments5,454 5,809 (355)(6)%11