UK's Brightstar Lottery Q2 revenue falls, reaffirms FY outlook

Brightstar Lottery

04/08/2026 12:02

Overview
UK lottery operator's Q2 revenue fell 7% yr/yr, driven by higher service revenue amortization
Adjusted EBITDA for Q2 rose 4% yr/yr, aided by same-store sales growth and cost efficiencies
Adjusted EPS for Q2 declined 8% yr/yr, reflecting increased amortization and investment in growth

Outlook
Brightstar reaffirms FY26 revenue outlook of $2.50-$2.55 bln
Company expects FY26 adjusted EBITDA of $1.16 bln-$1.19 bln
Brightstar sees FY26 capital expenditures of $450 mln-$475 mln

Result Drivers
SAME-STORE SALES - 1.5% global same-store sales growth and positive U.S. mix contributed to results
SERVICE REVENUE AMORTIZATION - Higher amortization related to Italy Lotto license weighed on revenue
COST EFFICIENCIES - OPtiMa cost savings and general & administrative expense recoveries supported profit

Company press release: ID:nPn9wmdVXa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$584 mln
 
Q2 Adjusted EPS
 
$0.11
 
Q2 EPS
 
$0.18
 
Q2 Adjusted EBITDA
 
$286 mln
 
Q2 Free Cash Flow
 
-$1.46 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

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(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.)