Light & Wonder Inc-A 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF1934 For the quarterly period ended March31, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF1934 For the transition period fromtoCommission file number: 001-11693 LIGHT & WONDER, INC.(Exact name of registrant as specified in its charter) 81-0422894 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (702) 897-7150(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: Title of each class Common stock, par value $0.001 per share Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to filesuch reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☒Acceleratedfiler☐Non-acceleratedfiler☐Smallerreportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☒ The registrant’s common stock is publicly traded on the Australian Securities Exchange in the form of CHESS DepositaryInterests, or CDIs, convertible at the option of the holders into shares of the registrant’s common stock on a one-for-one basis. Thetotal number of shares of the registrant’s common stock outstanding as of May1, 2026, including shares of common stock underlyingthe issued and outstanding CDIs, was 78,661,761. LIGHT & WONDER, INC. AND SUBSIDIARIESINDEX TO FINANCIAL AND OTHER INFORMATIONTHREE MONTHS ENDED MARCH 31, 2026 Item 1.Condensed Consolidated Financial Statements (unaudited)9Report of Independent Registered Public Accounting Firm(PCAOB ID: 34)9Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 202510Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 202511Consolidated Balance Sheets as of March 31, 2026 and December 31, 202512Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 202513Notes to Condensed Consolidated Financial Statements14Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations31Item 3.Quantitative and Qualitative Disclosures About Market Risk41Item 4.Controls and Procedures42PART II.OTHER INFORMATION42Item 1.Legal Proceedings42Item 1A.Risk Factors42Item 2.Unregistered Sales of Equity Securities and Use of Proceeds42Item 3.Defaults Upon Senior Securities42Item 4.Mine Safety Disclosures42Item 5.Other Information42Item 6.Exhibits43 Glossary of Terms The following terms or acronyms used in this Quarterly Report on Form 10-Q are defined below: Intellectual Property Rights notices signify marks registered in the United States. © 2026 Light & Wonder, Inc. All Rights Reserved. The MONOPOLY name and logo, the distinctive design of the game board, the four corner squares, the MR. MONOPOLY name andcharacter, as well as each of the distinctive elements of the board, cards, and the playing pieces are trademarks of Hasbro for itsproperty trading game and game equipment and are used with permission. © 1935, 2026 Hasbro. All Rights Reserved. Licensed byHasbro. Frankenstein is a trademark and copyright of Universal Studios. Licensed by Universal. All Rights Reserved. UNIVERSAL MONSTERS™The Universal Studios Monsters are trademarks and copyrights of Universal Studios. Licensed byUniversal. All Rights Reserved. KONG: SKULL ISLAND and all related characters and elements © Warner Bros. Entertainment Inc. FORWARD-LOOKING STATEMENTS Throughout this Quarterly Report on Form 10-Q, we make “forward-looking statements” within the meaning of the U.S.Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, res