Gaming equipment and services group Light & Wonder has announced a 78.12 percent increase in net income for the third quarter of the year, hitting $114 million amongst revenue increases in its Gaming and iGaming segments.
According to results released on Wednesday, revenue group-wide was up by 2.93 percent yearly, to $841 million, with revenue from its Gaming segment totaling $558 million – a yearly increase of 4 percent. Gaming operations was up by 38 percent, ‘benefiting from an increase in our North American installed base of 2,834 units, or 9 percent year-over-year, to 35,985 units,’ the company notes.
The group’s North American premium installed base (excluding contributions from its charitable gaming segment Grover) grew for the 21st consecutive period. A 6 percent growth in Table products revenue also helped to offset a 21 percent decrease in Gaming machine sales – ‘due to the timing of game sales’.
Looking to its relatively new acquisition of Grover, the group indicates it contributed $40 million to Gaming operations revenue and ‘had over 11,250 active devices included as a part of the installed base as of the end of the third quarter of 2025’- a rise of 229 units sequentially and over 850 units since the February acquisition of the group.
Gaming AEBITDA totaled $305 million, up 14 percent yearly ‘primarily due to revenue growth and margin expansion of 500 basis points, inclusive of Grover contributions’.
SciPlay and iGaming
While Gaming was the main contributor, the group’s SciPlay segment also contributed, albeit seeing a 4 percent slowdown on a yearly basis, contributing $197 million in revenue. The group highlights that this was ‘due to a decline in average monthly papers’ primarily attributable to its Jackpot Party Casino product.
‘The social casino business continued to deliver quality player monetization, leveraging game content and dynamic Live Ops through the SciPlay Engine,’ indicated the company. AEBITDA from the segment rose by 8 percent, to $71 million.
Looking to iGaming, revenue was up – by 16 percent, to $86 million, with AEBITDA increasing by 42 percent to $34 million – both new records. ‘Revenue growth for the period reflected continued momentum in North America underpinned by first-party content proliferation and the expansion of our partner network’. The number of wagers processed through the iGaming platform reached a new quarterly record of $28 billion in 3Q25.
Speaking of the results, Matt Wilson – President and CEO of Light & Wonder – highlighted the group’s delisting from the NASDAQ to focus on a sole listing on the Australian Securities Exchange.
