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Brightstar Lottery PLC provides lottery solutions in the United States, Italy, rest of Europe, and internationally. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and the lottery authority; operates and provides lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as lottery management services; instant lottery systems; and iLottery, a platform that provides access to eInstant and draw games. It also processes commercial transactions, such as prepaid cellular telephone recharges, bill payments, e-vouchers and retail-based programs, electronic tax payments, prepaid card recharges, stamp duty, and money transfer services; sells additional machines and central computers to expand existing systems or replace existing equipment; and licenses related software. In addition, the company provides marketing services, such as retail optimization and lottery brand awareness campaigns; telephone support, software and hardware maintenance, software development, and other professional services; and ancillary maintenance and support services for systems, equipment, and software. The company was formerly known as International Game Technology PLC and changed its name to Brightstar Lottery PLC in July 2025. Brightstar Lottery PLC was founded in 1976 and is headquartered in London, the United Kingdom.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.5B | $946M | $147M | $-415M | 9.2% | -0.0% | -57.8% |
| 2024 | $2.5B | $1.1B | $348M | $901M | 16.9% | -0.7% | 123.1% |
| 2023 | $2.5B | $1.1B | $156M | $865M | 8.0% | -2.6% | -43.3% |
| 2022 | $2.6B | $1.4B | $275M | $737M | 13.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 2,597 | 2,529 | 2,512 | 2,511 |
| Cost Of Revenue | 1,400 | 1,157 | 1,179 | 1,244 |
| Gross Profit | 1,197 | 1,372 | 1,333 | 1,267 |
| Operating Expense | 448 | 606 | 604 | 606 |
| Operating Income | 749 | 766 | 729 | 661 |
| EBITDA | 1,415 | 1,120 | 1,137 | 946 |
| EBIT | 996 | 705 | 735 | 502 |
| Pretax Income | 772 | 488 | 521 | 299 |
| Tax Provision | 212 | 223 | 250 | 165 |
| Net Income | 275 | 156 | 348 | 147 |
| Net Income Common Stockholders | 275 | 156 | 348 | 147 |
| Total Expenses | 1,848 | 1,763 | 1,783 | 1,850 |
| Interest Expense | 224 | 217 | 214 | 203 |
| Interest Income | 8 | 10 | 9 | 31 |
| Research And Development | 45 | 36 | 43 | 47 |
| Selling General And Administration | 400 | 355 | 357 | 338 |
| Normalized EBITDA | 1,161 | 1,177 | 1,124 | 1,098 |
| Normalized Income | 236.85 | 158.03 | 99.73 | 115.08 |
| Basic EPS | 1.38 | 0.78 | 1.92 | 0.74 |
| Diluted EPS | 1.37 | 0.77 | 1.90 | 0.74 |
| Tax Effect Of Unusual Items | 69.85 | -11.97 | 2.73 | -31.92 |
| Tax Rate For Calcs | 0.28 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 254 | -57 | 13 | -152 |
| Total Unusual Items Excluding Goodwill | 254 | -57 | 13 | -152 |
| Net Income From Continuing Operation Net Minority Interest | 421 | 113 | 110 | -5 |
| Reconciled Depreciation | 419 | 415 | 402 | 444 |
| Reconciled Cost Of Revenue | 1,400 | 957 | 981 | 1,021 |
| Net Interest Income | -216 | -207 | -205 | -172 |
| Net Income From Continuing And Discontinued Operation | 275 | 156 | 348 | 147 |
| Total Operating Income As Reported | 743 | 1,001 | 686 | 0 |
| Diluted Average Shares | 203.41 | 203 | 204 | 197 |
| Basic Average Shares | 201.82 | 200 | 202 | 197 |
| Diluted NI Availto Com Stockholders | 275 | 156 | 348 | 147 |
| Minority Interests | -139 | -151 | -160 | -140 |
| Net Income Including Noncontrolling Interests | 414 | 308 | 509 | 287 |
| Net Income Discontinuous Operations | -146 | 43 | 238 | 152 |
| Net Income Continuous Operations | 560 | 265 | 271 | 135 |
| Other Income Expense | 239 | -70 | -3 | -191 |
| Other Non Operating Income Expenses | -15 | -13 | -16 | -39 |
| Special Income Charges | 271 | -13 | -39 | -28 |
| Gain On Sale Of Business | 278 | 0 | 0 | 0 |
| Other Special Charges | 13 | 5 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 7 | 13 | 39 | 28 |
| Gain On Sale Of Security | -17 | -44 | 52 | -124 |
| Net Non Operating Interest Income Expense | -216 | -207 | -205 | -172 |
| Interest Expense Non Operating | 224 | 217 | 214 | 203 |
| Interest Income Non Operating | 8 | 10 | 9 | 31 |
| Other Operating Expenses | 3 | 0 | 5 | 0 |
| Depreciation Amortization Depletion Income Statement | 0 | 215 | 204 | 221 |
| Depreciation And Amortization In Income Statement | 0 | 215 | 204 | 221 |
| Selling And Marketing Expense | 0 | 109 | 122 | 123 |
| General And Administrative Expense | 0 | 246 | 235 | 215 |
| Other Gand A | 0 | 246 | 235 | 215 |
| Operating Revenue | 2,597 | 2,529 | 2,512 | 2,511 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Brightstar Lottery PLCthis co. | BRSL | $2.4B | - | 2.76 | 9.2% | 6.75 |
| Visteon Corporation | VC | $2.9B | 18.07 | 1.85 | 12.2% | 6.60 |
| FIGS, Inc. | FIGS | $2.5B | 79.11 | 5.70 | 7.8% | 47.90 |
| Peloton Interactive, Inc. | PTON | $2.4B | - | -7.24 | 28.7% | 18.11 |
| Ardagh Metal Packaging S.A. | AMBP | $2.3B | - |
| -3.30 |
| -1.6% |
| 8.88 |
| Capri Holdings Limited | CPRI | $2.3B | - | 21.91 | -317.7% | 18.31 |
| Driven Brands Holdings Inc. | DRVN | $2.1B | - | 2.64 | -48.2% | 12.08 |
| The Goodyear Tire & Rubber Company | GT | $2.0B | - | 0.62 | -50.6% | 6.94 |
| National Vision Holdings, Inc. | EYE | $1.9B | 63.90 | 2.18 | 3.4% | 16.05 |
| Peer Median | - | 63.90 | 2.01 | 0.9% | 14.06 | |