Light & Wonder's ASX-listed shares drop as quarterly results miss estimates

Light & Wonder

08/05/2025 02:19

** Australia-listed shares of Light & Wonder LNW.AX fall as much as 5.8% to A$136.950

** Stock is top loser in the benchmark index .AXJO

** The U.S.-based gaming co reports first-quarter adjusted EBITDA of $311 million, which miss Citi estimates of $316 million

** Posts quarterly revenue of $774 million vs Citi estimates of $809 million

** Stock has risen 6% so far this year

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))