Light & Wonder Remains on Track to Meet 2026 AEBITDA Guidance, Shares Jump 7%
Light & Wonder (ASX:LNW) said it remained on track to meet its previously announced 2026 financial outlook of mid-to-high single-digit consolidated adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA) growth, according to a Tuesday Australian bourse filing. The firm added that it was committed to deleveraging its balance sheet towards the mid-point of its targeted net debt leverage ratio range over the course of the current year and below 3x during the first half of 2027. It bought back 1.6 million CHESS depositary interests (CDIs) during the June quarter for a total consideration of around $134 million. It has a total of around $180 million remaining under its ongoing share repurchase program, and as of July 1, the total number of shares outstanding, including common stock and CDIs, was 77 million. Its shares jumped 7% in recent trading on Tuesday.
Light & Wonder (ASX:LNW) said it remained on track to meet its previously announced 2026 financial outlook of mid-to-high single-digit consolidated adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA) growth, according to a Tuesday Australian bourse filing.
The firm added that it was committed to deleveraging its balance sheet towards the mid-point of its targeted net debt leverage ratio range over the course of the current year and below 3x during the first half of 2027.
It bought back 1.6 million CHESS depositary interests (CDIs) during the June quarter for a total consideration of around $134 million.
It has a total of around $180 million remaining under its ongoing share repurchase program, and as of July 1, the total number of shares outstanding, including common stock and CDIs, was 77 million.
Its shares jumped 7% in recent trading on Tuesday.