Brightstar Lottery's Q4 profits exceed expectations

LootboxPhobia · 2026-02-24T17:14:59+00:00

Brightstar Lottery PLC announced a Q4 adjusted earnings per share of $0.36, beating expectations. Revenue reached $668 million, slightly below expectations, representing a 3% year-over-year increase. The company's CEO stated that 2025 will be a year of transformation, with net debt significantly reduced after the sale of IGT Gaming, and over $1 billion returned to shareholders. The revenue guidance for fiscal year 2026 is expected to be between $2.5 billion and $2.55 billion, with adjusted EBITDA of $1.16 billion to $1.19 billion.

LootboxPhobia

2026-02-24 17:14:59

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London - Tuesday, Brightstar Lottery PLC (NYSE: BRSL) announced its fourth quarter adjusted earnings per share of $0.36, beating analyst expectations of $0.28 by $0.08. However, revenue of $668 million slightly missed the market consensus of $684 million.

Following the announcement, the company’s stock rose 1% in pre-market trading.

Revenue increased 3% year-over-year from $651 million in the same period last year, mainly driven by a 3.5% same-store sales growth fueled by multi-state lottery jackpots and expansion of the iLottery business.

Adjusted EBITDA reached $304 million, up 5% from $290 million in Q4 2024, reflecting strong profit inflows from U.S. jackpot activities and cost savings from the company’s Optima project.

Brightstar CEO Vince Sadusky stated, “Better-than-expected Q4 revenue and profit growth reflect the value of our diversified portfolio across regions and game types. 2025 is a transformative year for us. We have executed key strategic initiatives, including the sale of IGT Gaming and increasing capital returns to shareholders.”

For the full fiscal year 2025, revenue was $2.51 billion, unchanged from the previous year, while adjusted EBITDA declined 4% to $1.12 billion from $1.17 billion last year.

The company completed the sale of IGT Gaming on July 1, 2025, generating approximately $4.1 billion in net cash proceeds, mainly used to pay down debt.

Net debt decreased from $4.8 billion as of December 31, 2024, to $2.7 billion, with leverage improving from 4.1x to 2.4x. In fiscal 2025, Brightstar returned over $1 billion to shareholders through dividends and share repurchases. The board announced a quarterly dividend of $0.23 per share, an increase of $0.01 from the previous quarter.

For fiscal 2026, Brightstar provided revenue guidance of $2.5 billion to $2.55 billion, with a midpoint of $2.525 billion, slightly above the analyst consensus of $2.5 billion. The company expects adjusted EBITDA of $1.16 billion to $1.19 billion, with organic growth exceeding 5%.

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