Confirming its earnings guidance for 2026, Light & Wonder, the leading cross-platform global games company, has told its investors that it’s on track for growth in Consolidated AEBITDA.
Light & Wonder maintained its guidance ahead of its second-quarter results by assuming that the June quarter would not impact the company’s outlook.
The US$134 million buyback coincided with an update on capital return strategy allowing the company to put around US$180 million to use. Share repurchases were suspended on June 29 as part of the blackout period.
The firm also reaffirmed its intention to lower the debt.
The company mentioned several risks affecting the outlook among which are revenues below expectations, timing of investments, customer expenditures and changes in the policy on capital allocation.
The release of second-quarter results is scheduled after the close of the US market on August 4.