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Brightstar Lottery PLC Q2 Earnings Summary

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Below are the earnings highlights for Brightstar Lottery PLC (BRSL):

Earnings: -$58 million in Q2 vs. $42 million in the same period last year.
EPS: -$0.29 in Q2 vs. $0.21 in the same period last year.
Revenue: $631 million in Q2 vs. $613 million in the same period last year.

Looking ahead, for the full year, the company reaffirmed its adjusted EBITDA outlook of around $1.10 billion as incremental benefit from foreign currency translation is offset by higher-than-expected U.S. multi-state jackpot and LMA impacts.

Brightstar Lottery now anticipates annual revenue of around $2.50 billion, down $50 million compared with the previous outlook to reflect a timing shift in product sales and increased amortization related to the Italy Lotto upfront license fee, which is treated as contra-revenue.

Annual capital expenditure is now expected to be approximately $375 million, a $75 million improvement from the previous outlook to reflect timing shifts related to recent contract extensions.

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