Light & Wonder posts strong Q4 revenue growth despite hefty legal costs

Light & Wonder closed out Q4 2025 with higher revenue and stronger cash generation, even as a series of legal and one-time costs cut into its bottom line.

The Las Vegas gaming supplier said Tuesday (February 24) that full-year revenue reached $3.3 billion, a roughly 4% increase from a year earlier. Profit told a different story. Net income for the year fell 18% to $276 million, and the company recorded a $15 million loss in the fourth quarter.

Executives pointed to several large charges behind the quarterly loss...