We estimate total U.S. & Canada B2B EGM revenue increased +8% y/y and +6% q/q to ~$1.4 billion in 4Q25. Aristocrat generated the most B2B EGM revenue in U.S. & Canada for the quarter driven by leadership among both leased and sold games. Aristocrat, IGT, and Light & Wonder (LNW) increased share over the prior year. CY25 B2B revenue increased +6% y/y to $5.2 billion and Aristocrat was also the leader.
See the report for market and competitive analysis by KPI for game sales, gaming ops, and systems segments as well as a comparison by R&D and Adj. EBITDA.
