Light & Wonder (LAWIL) EBITDA (2009 - 2026)
Light & Wonder (LAWIL) recorded EBITDA of $347 million in Q3 2026, up 3.0% from $337 million a year earlier and up 2.1% from the prior quarter.
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Analysis
Light & Wonder (LAWIL) EBITDA (2009 - 2026) Analysis & Trends
On a TTM basis, Light & Wonder's EBITDA came in at $1.12 billion as of Sep 30, 2026, down 4.1% year-over-year; for FY2025, it came in at $1.09 billion, up 5.8% from FY2024.
- Annual EBITDA has increased for five straight years, with a five-year compound annual growth rate of 39.8% (FY2020 to FY2025).
- Across earlier years, EBITDA came in at $1.03 billion in FY2024 (+14.1%), $902 million in FY2023 (+30.2%), $693 million in FY2022 (+36.4%) and $508 million in FY2021 (+149.0%).
- The Q3 2026 figure is the highest quarterly EBITDA since Q4 2018.
- On a year-over-year basis, EBITDA rose in six of the last eight quarters, with growth averaging 5.4%.
- Peak year-over-year performance for EBITDA in the last five years was growth of 77.9% in Q4 2022, against a decline of 27.9% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $340 million (Q2 2026), $238 million (Q1 2026) and $191 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | 356.11 Mn |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | -127.89 Mn |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 994.00 Mn |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -414.25 Mn |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | -721.00 Mn |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 243.96 Mn |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 401.29 Mn |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | -24.68 Mn |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 347.00 Mn |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 204.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 347.00 Mn |
| Jun 30, 2026 | 340.00 Mn |
| Mar 31, 2026 | 238.00 Mn |
| Dec 31, 2025 | 191.00 Mn |
| Sep 30, 2025 | 337.00 Mn |
| Jun 30, 2025 | 301.00 Mn |
| Mar 31, 2025 | 261.00 Mn |
| Dec 31, 2024 | 265.00 Mn |
| Sep 30, 2024 | 249.00 Mn |
| Jun 30, 2024 | 262.00 Mn |
| Mar 31, 2024 | 251.00 Mn |
| Dec 31, 2023 | 242.00 Mn |
| Sep 30, 2023 | 237.00 Mn |
| Jun 30, 2023 | 221.00 Mn |
| Mar 31, 2023 | 203.00 Mn |
| Dec 31, 2022 | 201.00 Mn |
| Sep 30, 2022 | 191.00 Mn |
| Jun 30, 2022 | 153.00 Mn |
| Mar 31, 2022 | 148.00 Mn |
| Dec 31, 2021 | 113.00 Mn |
API Access
Light & Wonder EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "LAWIL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();