"The Las Vegas gaming supplier said Tuesday (February 24) that full-year revenue reached $3.3 billion, a roughly 4% increase from a year earlier. Profit told a different story. Net income for the year fell 18% to $276 million, and the company recorded a $15 million loss in the fourth quarter."
"Executives pointed to several large charges behind the quarterly loss, including about $128 million tied to a legal settlement with rival Aristocrat over the Dragon Train slot franchise. The agreement resolved a high-profile lawsuit in which Aristocrat accused Light & Wonder of copying trade secrets related to its Dragon Link games."
"Stripping out one-time items, underlying performance appeared stronger. Consolidated AEBITDA rose 16% for the full year to $1.44 billion, while adjusted NPATA climbed 18% to $567 million. In the fourth quarter alone, AEBITDA jumped 29% to $405 million, and adjusted NPATA increased 27%."
Light & Wonder reported full-year 2025 revenue of $3.3 billion, representing approximately 4% growth year-over-year. However, net income declined 18% to $276 million, with the company posting a $15 million loss in Q4. Major charges included a $128 million settlement with Aristocrat over the Dragon Train slot franchise, resolving a trade secrets lawsuit, plus $25 million in acquisition-related adjustments and $18 million in expenses from relocating its primary listing to the Australian Securities Exchange. Excluding one-time items, consolidated AEBITDA increased 16% to $1.44 billion for the year, with Q4 AEBITDA jumping 29% to $405 million. Gaming hardware revenue rose 17%, driven by record shipments of 7,000 machines. The company continues facing intellectual property litigation from Evolution Gaming.
#gaming-industry #legal-settlements #intellectual-property-disputes #financial-performance #gaming-hardware
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