<div id="readability-page-1"><div id="ctl00_CPI_dvBody"><div><div><p>Add <img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png"/> as your preferred news source on Google</p><div><p><img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png"/> Add Now</p></div></div></div><p> Light &amp; Wonder, Inc. (LNW), a games company, reported lower first-quarter earnings despite revenue growth, mainly due to higher operating expenses and interest costs.</p><p>Net income before income taxes decreased to $62 million from $105 million previously.</p><p>Operating income fell to $130 million from $170 million in the prior-year quarter, reflecting increased selling, general and administrative expenses, restructuring costs, and higher depreciation and amortization charges.</p><p>Net income declined to $52 million, or $0.66 per share, from $82 million, or $0.94 per share, a year earlier. </p><p>Revenue increased 2% to $790 million from $774 million, driven by higher services revenue, which rose to $595 million from $527 million. Product revenue, however, declined to $195 million from $247 million. </p><p>For comments and feedback contact: editorial@rttnews.com</p><p>Business News</p></div></div>

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<p>Light & Wonder, Inc. (LNW) reported a decline in Q1 profit despite a 2% revenue increase to $790 million. Net income before taxes fell to $62 million from $105 million, with net income dropping to $52 million, or $0.66 per share, compared to $82 million, or $0.94 per share, a year earlier. The decrease in profit was attributed to higher operating expenses and interest costs, while services revenue rose to $595 million, but product revenue decreased to $195 million.</p>

Light & Wonder Q1 Profit Declines, But Revenue Rises