Back to Sectors

LNW

Light & Wonder, Inc.
7 filings tracked
technologycloud computingLARGE ($10B-200B)

Signal Magnitude Chart

BULLISH | 70% | 5/6/2026 | margin expansionBEARISH | 60% | 5/6/2026 | regulatory actionNEUTRAL | 40% | 5/6/2026 | debt restructureBULLISH | 50% | 5/6/2026 | buybackBULLISH | 70% | 5/6/2026 | margin expansionBEARISH | 60% | 5/6/2026 | regulatory actionNEUTRAL | 40% | 5/6/2026 | debt restructureBULLISH | 50% | 5/6/2026 | buybackBULLISH | 70% | 5/6/2026 | margin expansionBEARISH | 60% | 5/6/2026 | regulatory actionNEUTRAL | 40% | 5/6/2026 | debt restructureBULLISH | 50% | 5/6/2026 | buybackBULLISH | 70% | 5/6/2026 | margin expansionBEARISH | 60% | 5/6/2026 | regulatory actionNEUTRAL | 40% | 5/6/2026 | debt restructureBULLISH | 50% | 5/6/2026 | buybackBULLISH | 70% | 5/6/2026 | margin expansionBEARISH | 60% | 5/6/2026 | regulatory actionNEUTRAL | 40% | 5/6/2026 | debt restructureBULLISH | 50% | 5/6/2026 | buybackBULLISH | 70% | 5/6/2026 | margin expansionBEARISH | 60% | 5/6/2026 | regulatory actionNEUTRAL | 40% | 5/6/2026 | debt restructureBULLISH | 50% | 5/6/2026 | buybackBULLISH | 70% | 5/6/2026 | margin expansionBEARISH | 60% | 5/6/2026 | regulatory actionNEUTRAL | 40% | 5/6/2026 | debt restructureBULLISH | 50% | 5/6/2026 | buybackMay 26May 26HIGHLOW
bullish
bearish
neutral

Signal Timeline

bullishMay 6

AEBITDA margins increased across Gaming, SciPlay, and iGaming segments due to a shift toward high-yield digital content.

margin expansion
70%
bearishMay 6

New U.K. gambling duties effective April 2026 are expected to increase customer tax liabilities and impact revenue.

regulatory action
60%
neutralMay 6

Amended LNWI Credit Agreement to reduce applicable margins on Term Loan B.

debt restructure
40%
bullishMay 6

Continuing execution of a $1.5 billion share repurchase program through June 2027.

buyback
50%
bullishMay 6

AEBITDA margins increased across Gaming, SciPlay, and iGaming segments due to a shift toward high-yield digital content.

margin expansion
70%
bearishMay 6

New U.K. gambling duties effective April 2026 are expected to increase customer tax liabilities and impact revenue.

regulatory action
60%
neutralMay 6

Amended LNWI Credit Agreement to reduce applicable margins on Term Loan B.

debt restructure
40%
bullishMay 6

Continuing execution of a $1.5 billion share repurchase program through June 2027.

buyback
50%
bullishMay 6

AEBITDA margins increased across Gaming, SciPlay, and iGaming segments due to a shift toward high-yield digital content.

margin expansion
70%
bearishMay 6

New U.K. gambling duties effective April 2026 are expected to increase customer tax liabilities and impact revenue.

regulatory action
60%
neutralMay 6

Amended LNWI Credit Agreement to reduce applicable margins on Term Loan B.

debt restructure
40%
bullishMay 6

Continuing execution of a $1.5 billion share repurchase program through June 2027.

buyback
50%
bullishMay 6

AEBITDA margins increased across Gaming, SciPlay, and iGaming segments due to a shift toward high-yield digital content.

margin expansion
70%
bearishMay 6

New U.K. gambling duties effective April 2026 are expected to increase customer tax liabilities and impact revenue.

regulatory action
60%
neutralMay 6

Amended LNWI Credit Agreement to reduce applicable margins on Term Loan B.

debt restructure
40%
bullishMay 6

Continuing execution of a $1.5 billion share repurchase program through June 2027.

buyback
50%
bullishMay 6

AEBITDA margins increased across Gaming, SciPlay, and iGaming segments due to a shift toward high-yield digital content.

margin expansion
70%
bearishMay 6

New U.K. gambling duties effective April 2026 are expected to increase customer tax liabilities and impact revenue.

regulatory action
60%
neutralMay 6

Amended LNWI Credit Agreement to reduce applicable margins on Term Loan B.

debt restructure
40%
bullishMay 6

Continuing execution of a $1.5 billion share repurchase program through June 2027.

buyback
50%
bullishMay 6

AEBITDA margins increased across Gaming, SciPlay, and iGaming segments due to a shift toward high-yield digital content.

margin expansion
70%
bearishMay 6

New U.K. gambling duties effective April 2026 are expected to increase customer tax liabilities and impact revenue.

regulatory action
60%
neutralMay 6

Amended LNWI Credit Agreement to reduce applicable margins on Term Loan B.

debt restructure
40%
bullishMay 6

Continuing execution of a $1.5 billion share repurchase program through June 2027.

buyback
50%
bullishMay 6

AEBITDA margins increased across Gaming, SciPlay, and iGaming segments due to a shift toward high-yield digital content.

margin expansion
70%
bearishMay 6

New U.K. gambling duties effective April 2026 are expected to increase customer tax liabilities and impact revenue.

regulatory action
60%
neutralMay 6

Amended LNWI Credit Agreement to reduce applicable margins on Term Loan B.

debt restructure
40%
bullishMay 6

Continuing execution of a $1.5 billion share repurchase program through June 2027.

buyback
50%

Filing History

10-QMay 6, 2026

The Q1 2026 filing reveals a company at a crossroads, balancing impressive top-line digital growth against a heavy debt load and legal instability. While the shift toward 'content-as-a-service' is yielding higher AEBITDA margins and stronger iGaming wagers, the net income is being eroded by interest payments and one-time legal charges. The integration of Grover provides a meaningful boost to the installed base, but it also adds to the depreciation and amortization burden. Ultimately, the investment thesis depends on whether the acceleration in digital gaming and North American iGaming can outpace the cost of servicing $5.2 billion in debt. The company's ability to maintain its share repurchase program while managing significant legal contingencies will be the primary indicator of its financial health in the coming quarters.