Light & Wonder (LNWO) Cost of Revenue (2009 - 2026)
Light & Wonder (LNWO) reported Cost of Revenue of $201 million for Q3 2026, down 7.4% from $217 million a year earlier and down 4.3% from the prior quarter.
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Analysis
Light & Wonder (LNWO) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Light & Wonder's Cost of Revenue came in at $843 million, down 3.9% year-over-year; for FY2025, it was $885 million, down 4.9% from FY2024.
- Cost of Revenue has a three-year compound annual growth rate of 6.2% (FY2022 to FY2025).
- By year, Cost of Revenue came in at $931 million in FY2024 (+6.8%), $872 million in FY2023 (+18.2%) and $738 million in FY2022.
- Five-year quarterly Cost of Revenue spans a low of $160 million in Q1 2022 and a high of $246 million in Q3 2024.
- Year over year, Cost of Revenue has now declined in each of the last three quarters, with an average decline of 5.1% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q1 2023 (growth of 26.3%); the low point was Q3 2025 (a decline of 11.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $210 million (Q2 2026), $194 million (Q1 2026) and $238 million (Q4 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 201.00 Mn |
| Jun 30, 2026 | 210.00 Mn |
| Mar 31, 2026 | 194.00 Mn |
| Dec 31, 2025 | 238.00 Mn |
| Sep 30, 2025 | 217.00 Mn |
| Jun 30, 2025 | 219.00 Mn |
| Mar 31, 2025 | 211.00 Mn |
| Dec 31, 2024 | 230.00 Mn |
| Sep 30, 2024 | 246.00 Mn |
| Jun 30, 2024 | 236.00 Mn |
| Mar 31, 2024 | 219.00 Mn |
| Dec 31, 2023 | 234.00 Mn |
| Sep 30, 2023 | 218.00 Mn |
| Jun 30, 2023 | 218.00 Mn |
| Mar 31, 2023 | 202.00 Mn |
| Dec 31, 2022 | 204.00 Mn |
| Sep 30, 2022 | 193.00 Mn |
| Jun 30, 2022 | 180.00 Mn |
| Mar 31, 2022 | 160.00 Mn |
| Dec 31, 2021 | 170.00 Mn |
API Access
Light & Wonder Cost of Revenue 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=cost-of-revenue&ticker=LNWO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "LNWO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LNWO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();