Casino equipment and online games provider Light & Wonder Inc has reaffirmed its financial guidance for full-year 2026, saying it “remains on track” to deliver a “mid- to high-single-digit” growth rate in consolidated adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) while continuing to reduce debt.
The Australia-listed group said in a filing on Tuesday that it also remained committed to “deleveraging” its balance sheet, with the aim of reaching by the end of 2026 the “midpoint” of its targeted net debt leverage ratio range of 2.5 times to 3.5 times, followed by a ratio below 3.0 times during the first half of 2027.
The company also provided an update on its ongoing share repurchase programme. As of July 1, it had approximately US$180 million remaining available for buybacks.
During the second quarter of 2026, Light & Wonder repurchased 1,612,580 CHESS Depositary Interests (CDIs) for a total consideration of approximately US$134 million.
Following those transactions, the company had 77,049,181 shares outstanding, including common stock and CDIs.
The group has three main segments: land-based gaming; the digital games unit SciPlay; and iGaming.
Light & Wonder Inc reported first-quarter 2026 revenue of US$790 million, a 2.1-percent increase from a year earlier. Its consolidated adjusted EBITDA for the period stood at US$327 million, up 5.1 percent from a year earlier.
The group’s net debt stood at US$5.2 billion as of March 31.
The firm is scheduled to announce its second-quarter results on August 4 after U.S. trading hours.
