#London #United Kingdom #revenue decline #Brightstar Lottery #Q3 2026

Brightstar Lottery PLC Reports Q3 2026 Results

Brightstar Lottery PLC, a leading player in the global lottery industry, has released its financial results for the third quarter of 2026, highlighting a notable revenue of $607 million. Although this represents a 4% decline from the previous year’s revenue of $629 million, the decrease is largely attributed to increased non-cash service revenue amortization.

Vince Sadusky, CEO of Brightstar, stated, "Our third quarter results reflect the diverse range of products and services we offer across the globe, as well as the progress we’re making on our strategic priorities." He emphasized that revenue and profits were as expected, underlining the company's ongoing investments in strengthening its contract portfolio and enhancing technology offerings.

Operational Growth Drivers

Despite the decrease in revenue, Brightstar's operational growth drivers saw an acceleration, contributing to a 4% expansion year-over-year. The growth was primarily supported by increased global product sales and other service revenues. The total income from continuing operations for this quarter was recorded at $45 million, which, while lower than the previous year’s $95 million, reflects the challenges posed by higher service revenue amortization linked to the new Italy Lotto contract.

Key Financial Metrics:

• - Revenue: $607 million (down from $629 million)
• - Income from Continuing Operations: $45 million
• - Adjusted EBITDA: $289 million (slightly down from $294 million)
• - Net Cash Provided by Operating Activities: $73 million
• - Diluted Earnings per Share: $0.12 (down from $0.29)

Despite these challenges, Brightstar reported an adjusted EBITDA of $289 million for the quarter, maintaining a strong EBITDA margin of 47.5%. The decrease in adjusted EPS was primarily due to the impact of higher service revenue amortization.

Looking Ahead: Financial Outlook

As the company assesses its future, there is an updated revenue outlook for the full fiscal year 2026. Brightstar expects revenues between $2.435 billion and $2.455 billion, down from the prior forecast of $2.50 to $2.55 billion. Adjusted EBITDA is forecasted between $1.14 and $1.16 billion.

Brightstar also announced the deployment of over $200 million for cash dividends and share repurchases year-to-date through November 9. The company remains committed to returning capital to shareholders while managing its net debt, which has risen to $3.8 billion compared to $2.7 billion at the end of 2025. This increase primarily reflects the final payment associated with the Italy Lotto license.

Conclusion

Brightstar Lottery PLC continues to navigate complexities in the market while maintaining a focus on long-term growth strategies. With a solid operational performance and commitment to innovation, Brightstar aims to leverage its market position to deliver value to shareholders while adapting to changing market conditions.

For further details, interested parties can access the financial results call scheduled for 8 a.m. EST on November 10, 2026, through the company's Investor Relations website.