Light & Wonder, Inc. revenue by segment LNWO

Annual Quarterly

Light & Wonder, Inc. splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Gaming Group at $2.2 billion, 66% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Product at $1.0 billion, 31% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	3,330	3,314	3,188	2,902	2,512	2,153	1,699	2,388	3,363	3,084	2,883
Operating segments
Gaming Group	2,221 +5.9% share 66.7%	2,183 +5.6% share 65.9%	2,068 +11.8% share 64.9%	1,850 +15.6% share 63.7%	1,601 +21.2% share 63.7%	1,321 +42.7% share 61.4%	926 -47.0% share 54.5%	1,748 -4.5% share 73.2%	1,831 -0.7% share 54.4%	1,844 share 59.8%	—
Sci Play	736 -8.3% share 22.1%	794 -3.3% share 24.0%	821 +5.7% share 25.8%	777 +15.8% share 26.8%	671 +10.7% share 26.7%	606 +4.1% share 28.1%	582 +24.9% share 34.3%	466 +12.0% share 19.5%	416 +14.9% share 12.4%	362 share 11.7%	—
I Gaming Business	373 +16.2% share 11.2%	337 +12.7% share 10.2%	299 +8.7% share 9.4%	275 +14.6% share 9.5%	240 +6.2% share 9.6%	226 +18.3% share 10.5%	191 +9.8% share 11.2%	174 share 7.3%	—	—	—
Sales mix
Product	—	1,017 -6.1% share 30.7%	1,083 share 34.0%	—	717 +40.3% share 28.5%	511 +16.1% share 23.7%	440 share 25.9%	—	—	979 share 31.7%	—
Gaming Machine Sales	—	821 -5.1% share 24.8%	865 share 27.1%	—	522 share 20.8%	—	312 -48.8% share 18.4%	609 share 25.5%	—	673 share 21.8%	—
Third Party Platforms And Other	—	644 -12.1% share 19.4%	733 -4.6% share 23.0%	768 share 26.5%	—	—	—	—	—	—	—
Gaming Systems	—	285 -5.6% share 8.6%	302 +12.7% share 9.5%	268 +5.1% share 9.2%	255 +25.0% share 10.2%	204 +19.3% share 9.5%	171 -42.0% share 10.1%	295 -7.8% share 12.4%	320 +17.2% share 9.5%	273 share 8.9%	—
Table Products	—	217 +2.8% share 6.5%	211 -0.9% share 6.6%	213 +12.7% share 7.3%	189 +21.2% share 7.5%	156 +40.5% share 7.2%	111 -55.1% share 6.5%	247 +6.0% share 10.3%	233 +15.3% share 6.9%	202 share 6.6%	—
Direct To Consumer Platforms	—	150 +70.5% share 4.5%	88 +877.8% share 2.8%	9 share 0.3%	—	—	—	—	—	—	—
Weighted Area Progressive Services	—	23 +0.0% share 0.7%	23 +35.3% share 0.7%	17 -26.1% share 0.6%	23 share 0.9%	—	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Services-Computer Integrated Systems Design (SIC 7373)
Listed as: LAWIL (OTC), LNWO (OTC)
Fiscal year ends: December 31
Incorporated in: NV
Headquarters: Las Vegas, NV
SEC filer status: Large accelerated filer
SEC CIK: 750004
Former names: SCIENTIFIC GAMES CORP (until Apr 15, 2022); AUTOTOTE CORP (until Feb 28, 2001)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.