BRSL · Brightstar Lottery

Brightstar Lottery reported Q1 2026 results with total revenue of $587 million, up 1% from $583 million in Q1 2025. The increase was driven by higher operating and facilities management contracts, particularly from instant ticket and draw-game same-store sales growth in Italy (up 3.1%), partially offset by higher amortization of upfront license fees for the new Italian Lotto license and the transition of the U.K. contract. Income from continuing operations surged to $63 million from $8 million, benefiting from a $45 million reduction in foreign exchange losses, a $19 million decrease in income tax provision, and structural cost improvements from the OPtiMa restructuring program. Net income attributable to Brightstar Lottery PLC was $37 million, up from $27 million in the prior year. Diluted EPS from continuing operations was $0.20, compared to a loss of $(0.11) in Q1 2025. The company paid a $0.23 per share dividend in Q1 2026 and declared another for June 2026. Share repurchases of $30 million were executed under the $500 million program, with $200 million remaining. On April 24, 2026, the company paid the final €1.43 billion installment for the Italian Lotto license, securing the nine-year license. Capital expenditures were $110 million in Q1, with $165 million anticipated in H2 2026 for contracts in Missouri, Wisconsin, and Texas. The company expects to fund obligations through cash on hand, operating cash flows, and capital contributions from joint venture partners.