Fine Capital Partners, L.P., in partnership with Fine Capital Advisors, LLC, and individual Debra Fine, executed a series of sales of Light & Wonder, Inc. (NASDAQ:LNWO) shares valued at $3,671,928 in aggregate during the period from January 19 to January 21, 2026.
The transactions reflected multiple trades with prices ranging from $115.0128 to $121.3502 per share. On January 19, the group sold 19,666 shares at an average price of $120.7514 each, along with a smaller batch of 63 shares at $121.3502. The following day, January 20, saw 9,260 shares sold at an average price of $120.4586, supplemented by 39 shares traded at $121.1655. Finally, on January 21, 1,473 shares changed hands at the lower average price of $115.0128.
Despite these disposals, Fine Capital Partners, L.P. retains a significant indirect stake of 8,166,686 shares in Light & Wonder, indicating an ongoing substantial investment position.
In parallel to these share sales, Light & Wonder disclosed its financial outcomes for the third quarter of 2025. The firm posted earnings per share (EPS) of $1.81, outperforming analyst estimates of $1.39 by a margin of 30.22%, signifying a robust profit performance. However, reported revenue of $841 million fell short of the expected $866.79 million by 2.98%, marking a revenue shortfall despite earnings strength.
This combination of earnings beat but revenue miss introduces mixed signals to market participants who closely monitor financial health indicators. While the EPS surplus bolsters perceptions of profitability, the undershooting of revenue expectations could prompt questions about the company’s top-line growth trajectory. These developments are likely to factor into evaluations by investors and analysts, potentially influencing future financial modeling and recommendations.
Light & Wonder has enjoyed notable market momentum, registering a 24.5% price appreciation over the past year. Additionally, the company boasts a high gross profit margin of 72.7%, underscoring operational efficiency within its sector.