Light & Wonder (LAWIL) Intangibles (2009 - 2026)
Light & Wonder (LAWIL) reported Intangibles of $725 million for Q2 2026, down 17.8% from $882 million a year earlier and down 5.7% from the prior quarter.
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Analysis
Light & Wonder (LAWIL) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, Light & Wonder posted Intangibles of $808 million, up 78.0% from FY2024.
- Intangibles has a five-year compound annual growth rate of -5.8% (FY2020 to FY2025).
- By year, Intangibles came in at $454 million in FY2024 (-25.0%), $605 million in FY2023 (-24.1%), $797 million in FY2022 (-15.8%) and $946 million in FY2021 (-13.1%).
- The Q2 2026 figure ranks as the lowest quarterly Intangibles since Q1 2025.
- Year over year, Intangibles gained in four of the last eight quarters, with growth averaging 25.6%.
- The high point for year-over-year Intangibles in five years was Q1 2026 (growth of 79.3%); the low point was Q2 2022 (a decline of 31.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $769 million (Q1 2026), $808 million (Q4 2025) and $842 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.66 Bn | 10.08 Bn | 1.48 Bn | - |
| 2 | DraftKings | 18.62 Bn | 14.28 Bn | 551.45 Mn | 837.44 Mn |
| 3 | Flutter Entertainment | 14.18 Bn | 7.93 Bn | 1.71 Bn | 6.48 Bn |
| 4 | Madison Square Garden Sports | 9.38 Bn | 8.98 Bn | 119.21 Mn | 103.64 Mn |
| 5 | Life Time Group Holdings | 9.37 Bn | 8.61 Bn | 412.26 Mn | 180.73 Mn |
| 6 | Wynn Resorts | 7.77 Bn | 1.32 Bn | 758.95 Mn | 208.23 Mn |
| 7 | MGM Resorts International | 7.42 Bn | -761.08 Mn | 1.98 Bn | 1.26 Bn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 725.00 Mn |
| 9 | Caesars Entertainment | 5.92 Bn | 2.54 Bn | 1.50 Bn | 3.96 Bn |
| 10 | Churchill Downs | 5.89 Bn | 5.16 Bn | 419.00 Mn | 2.51 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 725.00 Mn |
| Mar 31, 2026 | 769.00 Mn |
| Dec 31, 2025 | 808.00 Mn |
| Sep 30, 2025 | 842.00 Mn |
| Jun 30, 2025 | 882.00 Mn |
| Mar 31, 2025 | 429.00 Mn |
| Dec 31, 2024 | 454.00 Mn |
| Sep 30, 2024 | 494.00 Mn |
| Jun 30, 2024 | 529.00 Mn |
| Mar 31, 2024 | 568.00 Mn |
| Dec 31, 2023 | 605.00 Mn |
| Sep 30, 2023 | 638.00 Mn |
| Jun 30, 2023 | 682.00 Mn |
| Mar 31, 2023 | 743.00 Mn |
| Dec 31, 2022 | 797.00 Mn |
| Sep 30, 2022 | 767.00 Mn |
| Jun 30, 2022 | 837.00 Mn |
| Mar 31, 2022 | 893.00 Mn |
| Dec 31, 2021 | 946.00 Mn |
| Sep 30, 2021 | 974.00 Mn |
API Access
Light & Wonder Intangibles 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=intangibles&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();