Company Posts $584 Million in Revenue and Reaffirms Full-Year Outlook
Brightstar Lottery PLC has released its financial results for Q2 ended June 30, 2026, reporting revenue of $584 million, reflecting global lottery same-store sales growth offset by higher service revenue amortization and the U.K. contract transition. Total liquidity reached $1.7 billion as of June 30, 2026, which includes approximately $0.6 billion in unrestricted cash and $1.2 billion in additional borrowing capacity from undrawn credit facilities.
Diluted earnings per share from continuing operations stood at $0.18, compared to a diluted loss per share of $0.47 in the prior-year period. Meanwhile, adjusted diluted earnings per share from continuing operations was $0.11, compared to $0.12 in the second quarter of 2025.
Executive Commentary
Vince Sadusky, CEO of Brightstar, commented:
“Better-than-expected second quarter profits were driven by global same-store sales expansion and disciplined operational management, even as we invest in long-term growth initiatives. We achieved several important milestones with our Italy B2C expansion efforts, and global iLottery wagers continue to grow at a double-digit pace. With the final Italy Lotto license payment behind us, revenue, profit, and cash flow are poised to inflect.”
Max Chiara, CFO of Brightstar, added:
“Cash generation was strong in the first half of the year, funding important investments in the business. We’re increasing our OPtiMa cost savings target to $100 million by 2028 as we further optimize our organization and operations. The strength of our balance sheet and financial condition supports our balanced approach to capital allocation, which included returning $140 million to shareholders in the year-to-date period.”
Operational Updates, Cost Efficiencies, and Financial Guidance
Brightstar has initiated the third phase of its multi-year program, designated as OPtiMa 3.3, which focuses on management structure changes, leadership layer reductions, function consolidations, and real estate footprint optimization. The plan is expected to be substantially complete within one year with total restructuring costs expected to be $15-$20 million, and it will generate approximately $20 million in annualized cost savings upon completion.
Additionally, the final Italy Lotto license payment of €1.43 billion ($1.67 billion) was successfully completed in April 2026. Looking ahead, the company has reaffirmed its full-year 2026 guidance, expecting total revenue of $2.50 to $2.55 billion and Adjusted EBITDA of $1.16 to $1.19 billion.
