LNW news

The company delivered earnings growth and cash generation, driven by recurring revenue and reduced net debt leverage. The robust product roadmap was showcased at industry expos.

Light & Wonder's Chairman Jamie Odell and Vice Chair Toni Korsanos intend to exercise vested options on a cashless basis. The company confirms that dilution will not occur while future notices regarding their change of interest will be lodged.

Light & Wonder reported solid second quarter 2026 results with increased net income and consolidated adjusted EBITDA, driven by high-quality recurring revenue. The company increased free cash flow by 50% and repurchased $134 million of stock.

Chairman Jamie Odell and Vice Chair Toni Korsanos notified the company of plans to exercise vested options expiring March 28, 2027 on a cashless basis under the 2003 Incentive Compensation Plan. Both directors will sell a portion of resulting CDIs to cover tax liabilities from the exercise.

Light & Wonder has completed a strategic five-year transformation consolidating five companies into three gaming segments while reducing leverage from 10.5x and returning $1.9B to shareholders through buybacks. The company transitioned from dual Nasdaq/ASX listing to sole ASX primary listing, positi…