Gambling product provider Light & Wonder has announced its Q3 2025 earnings, which, along with others reporting this week, appear to be good news. The company saw a 78% increase in its net income, with a 3% rise to $841 million in terms of consolidated revenue.
As it expands its North American ties, the company has seen an increase of 18% in Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (AEBITDA) to $375 million. Net Profit After Tax and Amortisation (NPATA) grew 25% to $153 million.
Light & Wonder’s gaming segment also grew by 4% in terms of revenue, while gaming operations themselves grew 38%. The company’s online gambling fare saw revenue grow 16%.
Light & Wonder heads expand on Q3 financials
President and Chief Executive Officer of Light & Wonder, Matt Wilson, said in the press release:
“I want to thank all stakeholders for their continued support, as we work toward completion of our transition to a sole primary listing on the Australian Securities Exchange… where we’ve been listed since 2022.
“This move simplifies our listing structure for shareholders and further enhances Light & Wonder’s profile within a Gaming-attuned Australian market.
“Our R&D engine continues to deliver world-class content, reflected in another strong quarter for Gaming operations and record iGaming performance. We are reinvesting in the business to drive long-term sustained growth, as evidenced by the number and quality of new games and hardware showcased at this year’s G2E.
“Additionally, we are thrilled to report that the integration of Grover Gaming into our omni-channel strategy is progressing well. The team is fully prepared to participate in the opening of the Indiana charitable gaming market, expected in the coming months.”
Oliver Chow, Chief Financial Officer, added:
“Our continued focus on operational excellence and disciplined execution once again drove year-over-year Net income and Consolidated AEBITDA growth.
“We are also pleased with the strong cash flow generated this quarter, which continued the trend we have seen throughout the year. Combined with our disciplined capital allocation program, we have now completed approximately 51% of our expanded share buyback program, underscoring our confidence in the business, balance sheet flexibility and our ongoing commitment to returning value to shareholders.
“We remain committed to taking advantage of attractive opportunities to accelerate our repurchase program, while delivering on our long-term financial objectives.”
Shareholders saw $111 million returned to them via share repurchases. Debt interest rates have also dropped.
Company continues to grow even as it pulls out of NASDAQ
Light & Wonder has been going through some changes over the last few weeks. In September, it appointed a new vice president as it transitions to only trading on the Australian Securities Exchange (ASX). The company has, despite pulling out from the US NASDAQ, kept expanding in the US, which has contributed to its growth.
However, it is currently embroiled in a court case around its mathematical models used in its Hold & Spin slot game.
Featured image: Light & Wonder
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