Brightstar Lottery Reports Q1 Revenue of $587M, Adjusted EBITDA Up 15%
BRSL•Brightstar reported first-quarter revenue of $587 million, up 1% year-on-year, driven by 3.1% same-store sales growth in Italy and foreign currency translation. Adjusted EBITDA rose 15% to $287 million, net income from continuing operations reached $63 million and the company deployed over $70 million in shareholder returns.
1. First-Quarter Financial Results
Brightstar Lottery PLC posted revenue of $587 million for Q1 2026, up 1% year-on-year driven by 3.1% same-store sales growth in Italy and favorable foreign currency translation, partly offset by higher service revenue amortization and the U.K. transition. Income from continuing operations improved to $63 million from $8 million a year earlier, while diluted EPS reached $0.20. Adjusted EBITDA rose 15% to $287 million (5% at constant currency), reflecting profit flow-through and operational cost savings.
2. Cash Flow and Balance Sheet Strength
Net cash provided by operating activities totaled $165 million, and free cash flow was $55 million, despite a 49% decline year-on-year. Cash and cash equivalents nearly doubled to $1.25 billion, and net debt declined 45% to $2.75 billion, resulting in net debt leverage of 2.4x. The company maintains $1.6 billion of undrawn credit facility capacity, supporting liquidity of $2.8 billion.
3. Shareholder Returns and Outlook
Brightstar deployed over $70 million in shareholder returns during Q1 2026 and declared a quarterly dividend of $0.23 per share. Management reaffirmed its 2026 revenue and profit outlook, highlighting disciplined capital allocation and continued investment in growth initiatives. The strong margin structure and robust cash generation underpin the company’s multi-year growth goals.
