Brightstar Lottery reported a revenue of $584 million for the second quarter of 2026, marking a 7% decline from the $631 million recorded during the same quarter last year. This decrease was influenced by rising non-cash expenses associated with its Italy Lotto license and shifts in the UK market. Despite these challenges, the company achieved a net profit of $56 million from continuing operations, reversing the losses seen in the same period last year.
CEO Vince Sadusky commented on the results, stating that the second quarter’s profits exceeded expectations due to an uptick in global same-store sales and careful operational management, all while maintaining investment in long-term growth initiatives. Revenue from the lottery segment remained stable, with $517 million generated from instant tickets and draw games equaling last year’s figures, while revenue from U.S. multi-state jackpots rose by 14% in constant currency to $17 million.
In global same-store sales, Brightstar saw a growth of 1.1% in instant tickets and draw games, with total same-store sales increasing by 1.5%. The surge in U.S. sales was particularly driven by substantial multi-state jackpot sales relative to the previous year. However, this encouraging trend was offset by increased amortization costs tied to the Italy Lotto license, which surged from $53 million to $100 million, alongside a drop in product sales that fell from $42 million to $34 million.
Brightstar's cash flow was significantly impacted by the final payment of €1.43 billion ($1.67 billion) for the Italy Lotto license completed in April, leading to negative operating and free cash flow for the quarter. The company also continued its commitment to returning capital to shareholders, distributing over $140 million year-to-date. Looking ahead, Brightstar has projected its full-year revenue for 2026 to be between $2.50 billion and $2.55 billion, indicating an anticipated organic growth of over 5%, while adjusted EBITDA is forecasted to range from $1.16 billion to $1.19 billion.
