Brightstar Lottery Q1 revenue rises on strong Italy performance, reaffirms FY26 outlook

Brightstar Lottery

12/05/2026 11:50

Overview

UK lottery operator's Q1 2026 revenue rose 1% yr/yr, driven by Italy and U.S. sales mix

Adjusted EBITDA for Q1 increased 15% yr/yr, reflecting higher Italy sales and cost efficiencies

Company deployed over $70 mln to shareholders in Q1 and reaffirmed FY26 outlook

Outlook

Brightstar reaffirms FY26 revenue outlook of $2.50-$2.55 bln

Company expects FY26 adjusted EBITDA of $1.16-$1.19 bln

Brightstar forecasts FY26 capital expenditures of $450-$475 mln

Result Drivers

ITALY SALES - Higher same-store sales in Italy contributed to revenue and profit growth

COST EFFICIENCIES - OPtiMa cost savings and general & administrative expense recoveries supported Adjusted EBITDA growth

FOREIGN CURRENCY - Favorable foreign currency translation benefited revenue and profit

Company press release: ID:nPn9GvxYpa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$587 mln
Q1 Adjusted EPS
$0.14
Q1 EPS
$0.20
Q1 Adjusted EBITDA
$287 mln
Q1 Free Cash Flow
$55 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)