Light & Wonder has reported a 2% year-on-year (YoY) increase in revenue to A$828m (£433.4m) for Q2 2026, with strong performances across North America driving gains in igaming.
Revenue from the vertical increased 14% YoY to A$92m thanks to “continued momentum” across the continent, helping the firm to “navigate headwinds” from tax hikes in the UK market.
The supplier’s gaming division generated revenue of A$554m, up 5% YoY, while revenue from its social gaming arm SciPlay fell 9% YoY to A$182m.
This was attributed to a “softer social casino free-to-play market”, coupled with a decline in average monthly Jackpot Party Casino payers, although this was partially offset by an increase in average monthly revenue per paying user.
Management said the figures reflected an ongoing strategy to “enhance our quality of earnings through a deliberate strategy to improve revenue quality, focusing on growing recurring revenue”.
The company’s shares were up 4% to A$118 today, though still well below the 52-week high of A$193.
During Q2
· Consolidated adjusted EBITDA rose 9% YoY to A$383m
· Adjusted NPATA increased 16% YoY to A$156m
· Wagers processed through the supplier’s igaming platform reached a quarterly record of A$31.3 billion
After operating expenses totalling A$605m, A$73m of other expenses, and income taxes of A$30m, net profit for the quarter increased 26% YoY to A$120m.
Light & Wonder president and CEO Matt Wilson said that the results reflect the company’s continued investment across its gaming studios and content output.
He said: “Our second quarter results reflect continued execution of our content-centric operating model, with broad-based growth, margin expansion and quality earnings across all three businesses.
“We continue to see the benefits of our sustained investment in studios and content, as our franchises drive strong game performance across the portfolio. Gaming momentum remained robust, with our North American premium installed base growing for the 24th consecutive quarter, and Grover continuing to scale across existing and new markets.
“Igaming once again delivered double-digit growth in both revenue and adjusted EBITDA, reflecting the resilience of our North American momentum even as we navigate headwinds from increased UK gaming duties, while SciPlay continued to grow its direct-to-consumer revenue.
“As we look toward the second half of the year, we remain focused on disciplined execution, continued investment in product innovation and talent, and progressing towards both our 2026 and 2028 financial targets.”
CFO Oliver Chow added: “The second quarter demonstrated continued scaling across the business, with margin expansion across all three businesses translating into strong underlying cash generation.
“We are continuing to invest deliberately in AI and infrastructure, work we believe will compound over time and support both growth and efficiency across the business.”
Light & Wonder reaffirmed its financial outlook for “mid-to-high single-digit” consolidated adjusted EBITDA growth in fiscal 2026.
Management noted that fiscal 2026 annual estimates incorporate approximately A$40m of adverse impact from external factors including US tariffs and UK tax rate increases, A$20m from strategic investments in AI and new market openings such as Grover’s Indiana expansion, and A$10m related to legal matters.
The post Light & Wonder revenue edges up to A$828m in Q2 amid UK tax headwinds first appeared on EGR Intel.
Supplier records double-digit growth year on year in igaming, driven by “continued momentum in North America” and vows to “invest deliberately” in AI
The post Light & Wonder revenue edges up to A$828m in Q2 amid UK tax headwinds first appeared on EGR Intel.