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Update: Light & Wonder Q2 Adjusted Earnings, Revenue Up; Shares Up 7%

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(Updates to add stock movement in the headline and the last paragraph)

Light & Wonder (ASX:LNW) logged $1.99 in adjusted EPS for the second quarter, compared with $1.58 a year ago, a Wednesday filing showed.

Analysts polled by FactSet expected earnings of $1.73.

For the three months ended June 30, revenue was $828 million versus $809 million previously, the Australia-listed global games company added. Analysts surveyed by FactSet expected $842 million.

The company expects mid-to-high single-digit growth in consolidated adjusted earnings before interest, taxes, depreciation and amortization (AEBITDA) in 2026 while remaining on track to achieve its 2028 targets of more than $10.55 per share in adjusted EPS and $2 billion in consolidated AEBITDA. Analysts polled by FactSet expect 2028 adjusted EPS of $10.74.

The company's shares rose around 7% in recent Wednesday trade.

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