Quarterly ResultMay 12, 2026, 06:47 AM
Brightstar Lottery Q1 Revenue $587M, Adj. EBITDA +15% to $287M
AI Summary
Brightstar Lottery PLC reported a solid start to 2026, with first-quarter revenue increasing 1% to $587 million, primarily driven by strong performance in Italy and a positive U.S. sales mix. Income from continuing operations surged to $63 million, and Adjusted EBITDA grew 15% to $287 million, reflecting profit flow-through from higher revenue and disciplined operations. The company continued its commitment to shareholder returns, deploying over $70 million in Q1 2026, and reaffirmed its full-year 2026 revenue and profit outlook.
Key Highlights
- Brightstar Lottery reported Q1 revenue of $587 million, a 1% increase year-over-year, though down 4% at constant currency.
- Income from continuing operations significantly rose to $63 million in Q1 2026, compared to $8 million in the prior year.
- Adjusted EBITDA increased 15% to $287 million, or 5% at constant currency, driven by higher revenue and operational discipline.
- Diluted earnings per share from continuing operations was $0.20, reversing a loss of $(0.11) in the prior year.
- The company deployed over $70 million to shareholders in Q1 2026, including $30 million in share repurchases and $42 million in cash dividends.
- A quarterly cash dividend of $0.23 per common share was declared.
- Brightstar Lottery reaffirmed its full-year 2026 revenue outlook of $2.50-$2.55 billion and Adjusted EBITDA of $1.16-$1.19 billion.
- Net debt leverage stood at 2.4x, with total liquidity of $2.8 billion as of March 31, 2026.