Brightstar Lottery Tops Q2 EBITDA Forecasts, Reaffirms Guidance, and Swings to Profit
BRSL is trading near its 52-week low of $9.9 (14% above the low) on elevated volume (2.9× avg).
Summary
Brightstar Lottery reported Q2 2026 Adjusted EBITDA of $286M, beating estimates, and swung to a net profit of $33M from a year-ago loss. The company reaffirmed its full-year guidance, signaling operational momentum.
Key Events · Earnings and Guidance · BRSL
-
Q2 EBITDA Beats, Profit Swings Positive
Adjusted EBITDA rose 4% year-over-year to $286M, exceeding expectations. Net income from continuing operations attributable to Brightstar reached $33M, versus a $96M loss in Q2 2025, helped by a $102M favorable swing in foreign exchange and lower restructuring costs.
-
Full-Year Guidance Reaffirmed
Management reiterated its 2026 outlook, projecting revenue of $2.5B–$2.55B, underpinned by same-store sales growth of 1.5% globally in Q2, including 11.1% growth in U.S. multi-state jackpots.
-
Italian Lotto License Fully Funded
The final €1.43B ($1.675B) installment for the new Italian Lotto license was paid in April 2026, securing the nine-year concession that began in December 2025. The license contributed $100M in amortization to Q2 revenue.
-
Balance Sheet Strengthened with New Credit Facilities
In March 2026, the company entered new $650M and €1.0B revolving credit facilities maturing in 2031, replacing prior facilities. Proceeds were used to prepay the remaining €200M Euro Term Loan due 2027, extending the maturity profile.
Analysis · BRSL · Trade & Services
Brightstar Lottery posted Q2 Adjusted EBITDA of $286 million, a 4% year-over-year increase that beat expectations, while reaffirming its full-year 2026 outlook. The company swung to a net profit from continuing operations of $33 million, compared to a $96 million loss a year ago, driven by a sharp reversal in foreign exchange impacts and lower restructuring costs. These results show the pure-play lottery business is stabilizing after the Gaming & Digital divestiture, with same-store sales growth across key markets and a strengthened balance sheet following the Italian Lotto license payment and new credit facilities.
At the time of this filing, BRSL was trading at $11.30 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $9.90 to $18.57. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.