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<\/div>\nLight & Wonder has seen its net income rise by 16% in its second quarter of the year, with the figure increasing to $95 million.<\/p>\n
While the net income saw a massive increase, the consolidated revenue of $809 million<\/a> decreased slightly by 1%. The consolidated AEBITDA, however, is another that\u2019s on the up as that increased by 7% to $352 million, as compared to the prior year period.<\/p>\n The American corporation that provides gambling products and services has expanded on what was experienced during the quarter, as they say the \u2018impact of macroeconomic uncertainty<\/a>\u2019 led to more cautious purchasing behavior and delayed capital expenditure among some of its customers which impacted the timing of game sales.<\/p>\n The gaming business sold over 9,000 new units globally which maintains a strong market share momentum. It was the SciPlay revenue which continued to outpace the market too, while the iGaming business had quarterly record revenue.<\/p>\n \u201cWe successfully completed the acquisition of Grover and are executing on planned integration ahead of schedule with over 600 active units added since the acquisition<\/a> announcement back in February 2025,\u201d the company writes.<\/p>\n Matt Wilson, President and Chief Executive Officer of Light & Wonder, said, \u201cWe remain committed to R&D investment to further proliferate our high-performing content across channels and continue to realize the benefits of strong game performance.\u201d<\/p>\n The CEO expanded on the company\u2019s position, stating they continue to execute on key initiatives<\/a> to both expand and extend the longevity of the fleet for maximum value.<\/p>\n \u201cFollowing an extensive diligence process, I am excited to announce the Board\u2019s decision to transition to a sole ASX listing(2), which I believe will deliver tremendous shareholder value going forward,\u201d Wilson shared.<\/p>\n \u201cI have confidence in our strategy as we continue to execute to our long-term blueprint, which will continue to drive quality of earnings and sustainable value both operationally and financially.\u201d<\/p>\n Featured Image: Credit to <\/i><\/b>Light & Wonder on LinkedIn<\/i><\/b><\/i><\/b><\/a><\/p>\n The post Light & Wonder reports huge 16% increase in net income for Q2<\/a> appeared first on ReadWrite<\/a>.<\/p>\nLight & Wonder’s\u00a0iGaming business had quarterly record revenue<\/span><\/h2>\n