#London #United Kingdom #Q3 2025 #financial report #Brightstar Lottery

Brightstar Lottery PLC Reports Impressive Financial Results for Q3 2025

Brightstar Lottery PLC (NYSE: BRSL) has recently unveiled its financial results for the third quarter of 2025, showcasing a remarkable 7% growth in revenue, totaling $629 million. This increase is attributed to a significant 7.9% rise in same-store sales across various jurisdictions and game types. The company's success reflects broad strengths within the lottery sector and highlights the resilience of its business model.

Financial Highlights

Vince Sadusky, CEO of Brightstar, expressed satisfaction with the recent performance, emphasizing that the company has achieved multiple milestones during the quarter. Notably, Brightstar successfully completed the cash sale of its IGT Gaming division for $4 billion. The transaction not only bolstered the company’s liquidity but also facilitated a reorientation towards a pure lottery operation. The enhanced financial profile has positioned Brightstar to pursue its strategic objectives confidently.

In the third quarter, Brightstar recorded an income from continuing operations of $95 million, marking a significant recovery from the $46 million loss noted in the previous year. This notable turnaround reflects a combination of increased gross profit and effective management of operational costs. The EBITDA adjusted to $294 million also showed an 11% year-over-year improvement, attributed mainly to favorable sales dynamics and operational efficiencies.

Furthermore, the company announced a robust shareholder return program, returning $978 million year-to-date and signalizing a 10% increase in its quarterly dividend, which will now stand at $0.22 per share.

Targets for the Future

Brightstar has set forth ambitious targets, projecting 2028 revenues to reach $2.75 billion, supported by an over 5% organic growth rate. This aspiration includes enhanced growth driven by new digital initiatives in the U.S. and Italy, collaborating with consumers to leverage technology in accessing lottery products. The management anticipates that these efforts will contribute positively to the company's overall financial trajectory.

In addition, the company maintains a strong liquidity position, with cash and cash equivalents amounting to $1.6 billion by the end of Q3. The strategic use of this capital, alongside projected gross cash generation exceeding $7 billion in the 2025-2028 period, highlights a committed focus on expanding profitability and returning value to shareholders.

Max Chiara, Brightstar's CFO, praised the financial sustainability and stability achieved, attributing the success to a combination of rigorous cost management and strategic investments. He noted that the company entered Q4 in a fortified position, having reduced net debt by over 50% in comparison to historical averages.

Conclusion

The third quarter results for 2025 present a pivotal moment for Brightstar Lottery PLC as it capitalizes on existing opportunities and plans strategically for the future. Through continued focus on innovation and operational excellence, Brightstar is well-positioned to achieve sustained growth in a highly competitive lottery market. The upcoming earnings conference call scheduled for November 4 is expected to provide further insights into the company's trajectory and future prospects.