Light & Wonder (LAWIL) EBITDA (2009 - 2026)
Light & Wonder (LAWIL) recorded EBITDA of $340 million in Q2 2026, up 13.0% from $301 million a year earlier and up 42.9% from the prior quarter.
Powered by 
Analysis
Light & Wonder (LAWIL) EBITDA (2009 - 2026) Analysis & Trends
On a TTM basis, Light & Wonder's EBITDA came in at $1.11 billion as of Jun 30, 2026, up 2.8% 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 Q2 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 5.6%.
- 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 $238 million (Q1 2026), $191 million (Q4 2025) and $337 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.66 Bn | 10.08 Bn | 1.48 Bn | 1.01 Bn |
| 2 | DraftKings | 18.62 Bn | 14.28 Bn | 551.45 Mn | 12.17 Mn |
| 3 | Flutter Entertainment | 14.18 Bn | 7.93 Bn | 1.71 Bn | 255.00 Mn |
| 4 | Madison Square Garden Sports | 9.38 Bn | 8.98 Bn | 119.21 Mn | 32.94 Mn |
| 5 | Life Time Group Holdings | 9.37 Bn | 8.61 Bn | 412.26 Mn | 233.99 Mn |
| 6 | Wynn Resorts | 7.77 Bn | 1.32 Bn | 758.95 Mn | 473.82 Mn |
| 7 | MGM Resorts International | 7.42 Bn | -761.08 Mn | 1.98 Bn | 792.27 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 340.00 Mn |
| 9 | Caesars Entertainment | 5.92 Bn | 2.54 Bn | 1.50 Bn | 868.00 Mn |
| 10 | Churchill Downs | 5.89 Bn | 5.16 Bn | 419.00 Mn | 416.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 130.00 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();