Why are Light & Wonder shares sinking 11% today?

Light & Wonder shares slide as first quarter revenue inches up 2%

Light & Wonder shares fell sharply on Thursday, May 7, despite management’s assertion that the business has entered “the next phase” of its strategic evolution. The stock was down 8.3% at A$102.66 ($74.47) following the publication of first-quarter results, extending its 12-month decline to 29.4%. The supplier reported Q1 2026 revenue of $790m, a 2% year‑over‑year (YOY) increase, while adjusted EBITDA rose to $327m, up from $311m in the prior‑ye…

Light & Wonder’s Q1 Revenue Up 2% as iGaming Drive Growth

Light & Wonder reported Q1 2026 revenue of $790 million, up 2% year-on-year, as strong performances in iGaming and gaming operations helped offset weaker gaming machine sales and continued softness in the social casino segment. Net income for the quarter fell 37% to $52 million, largely due to $50 million in legal reserve contingencies tied to legacy legal matters involving compensation to Aristocrat. Diluted earnings per share declined 30% to $…

Light & Wonder (ASX:LNW) US$790m revenue, stronger AEBITDA, but profit still falls sharply

The operating engine is improving, but restructuring and legal costs are still dragging reported earnings Light & Wonder’s first quarter result is a good example of why investors need to look past the headline revenue number. Revenue rose 2% to US$790 million, while consolidated AEBITDA increased to US$327 million. That tells us the core business still has momentum, particularly across Gaming and iGaming. But Light & Wonder (ASX:LNW) also report…

Why are Light & Wonder shares sinking 11% today?

Light & Wonder Inc (ASX: LNW) shares are having a tough session on Thursday. At the time of writing, the ASX 200 gaming stock is down 11% to $100.08. What is weighing on Light & Wonder shares? The catalyst for the selling has been the release of a mixed first-quarter result. According to the release, Light & Wonder reported revenue of US$790 million for the quarter, up 2% on the prior corresponding period. Also growing was its consolidated adjus…

Light & Wonder 1Q26 revenue rises 2% as iGaming, gaming operations post double-digit growth

Light & Wonder 1Q26 revenue rises 2% as iGaming, gaming operations offset weaker machine sales and legal-related profit decline. The post Light & Wonder 1Q26 revenue rises 2% as iGaming, gaming operations post double-digit growth first appeared on Asia Gaming News | AGB - Asia Gaming Brief.