Brightstar Lottery
Runs lottery systems, concessions, digital games, and instant-ticket services for regulated markets.
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Profile
Supplies government lotteries with transaction systems, retail terminals, managed operations, iLottery platforms and games, and instant-ticket printing, while operating major Italian games under concession. Most revenue comes from long-term operating and facilities-management contracts, often through fees tied to wagers or ticket sales.
Runs lottery infrastructure and operations for government-sponsored programs across six continents. The portfolio spans central transaction systems, retail terminals, facilities management, iLottery platforms and games, instant-ticket design and printing, and related maintenance and marketing services. Its systems connect retailers with lottery authorities, reconcile transactions, and support both draw-based and instant games.
Combines business-to-business technology contracts with direct consumer-facing concession operations in Italy, including Lotto and Scratch & Win, while U.S. state lotteries form another core market. Revenue comes mainly from operating and facilities-management contracts, typically through fees linked to wagers or ticket sales. Awards are regulated, competitively bid, and finite, making contract renewal, system reliability, and compliance structural dependencies.
Company facts
Categories
Key statistics
Year to date −24.3% · Average volume (30d) 2.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Jefferies | Upgrade | Hold | Buy | $16 | |
| Jul 1, 2026 | Deutsche Bank | Initiate | Buy | $15 | ||
| Jun 29, 2026 | Argus Research | Downgrade | Buy | Hold | ||
| May 14, 2026 | Susquehanna | Reiterate | Positive | $15 | ||
| May 14, 2026 | BNP Paribas | Target | $12.60 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.03 | $0.11 | +230.0% | $592.9M | $584.0M | −1.5% | +11.77% |
| May 12, 2026Q1 FY26 | $0.19 | $0.14 | −26.3% | $607.1M | $587.0M | −3.3% | −5.02% |
| Feb 24, 2026Q4 FY25 | $0.29 | $0.36 | +24.1% | $663.4M | $668.0M | +0.7% | +0.73% |
| Nov 4, 2025Q3 FY25 | $0.21 | $0.36 | +71.4% | $660.2M | $629.0M | −4.7% | +0.36% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $583.0M | $630.0M | $629.0M | $668.0M | $587.0M | $584.0M | |
| Gross profit | $256.0M | $274.0M | $322.0M | $329.0M | $221.0M | $274.0M | |
| Operating income | $138.0M | $159.0M | $183.0M | $234.0M | $127.0M | $121.0M | |
| Net income | $27.0M | −$58.0M | $117.0M | $61.0M | $37.0M | $33.0M | |
| Diluted EPS | $0.13 | −$0.29 | $0.29 | $0.32 | $0.20 | $0.18 | |
| Gross margin | 43.9% | 43.5% | 51.2% | 49.3% | 37.6% | 46.9% | |
| Operating margin | 23.7% | 25.2% | 29.1% | 35.0% | 21.6% | 20.7% |
Fiscal years (4-quarter sums)FY24 $2.51B · FY25 $2.51B
Balance sheet, Jun 30, 2026Cash & short-term investments $558.0M · Total debt $4.43B · Total assets $8.04B · Shareholders' equity $846.0M
Dividends
Raised for 5 straight years — most recently to $0.23 from $0.22 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Sep 1 | $0.23 | |
| May 28, 2026 | May 28 | Jun 11 | $0.23 | |
| Mar 10, 2026 | Mar 10 | Mar 24 | $0.23 | raised from $0.22 |
| Nov 18, 2025 | Nov 18 | Dec 2 | $0.22 | raised from $0.20 |
| Aug 12, 2025 | Aug 12 | Aug 26 | $0.20 | |
| Jul 14, 2025 | Jul 14 | Jul 29 | $3.00 | special dividend |
| May 29, 2025 | May 29 | Jun 12 | $0.20 | |
| Mar 11, 2025 | Mar 11 | Mar 25 | $0.20 |
Ownership
Shares outstanding 183.69M · Float 94.80M · 51.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Lazard Asset Management LLC | 10.06M | 5.50% | 13G | Aug 14, 2026 |
| Marco Sala · director, officer: Executive Chair | 1.65M | 0.90% | Form 4 | Jul 16, 2026 |
| Vincent L. Sadusky · director, officer: Chief Executive Officer | 449.4K | 0.24% | Form 4 | Jul 16, 2026 |
| Massimiliano Chiara · officer: Executive VP and CFO | 290.5K | 0.16% | Form 4 | Jul 16, 2026 |
| Renato Ascoli · officer: CEO - Global Lottery | 287.1K | 0.16% | Form 4 | Mar 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Allstate
Global gaming giant with ~70% US iLottery gross-wager share via NeoGames.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Brightstar Lottery | $11.57 | −0.13% | $2.13B | 11.7 | 18.8 | 0.9 | −7.3% |
| Allstate | $260.58 | −0.03% | $67.08B | 5.2 | 9.2 | 1.0 | −7.2% |
| Median | 5.2 | 9.2 | 1.0 | −7.2% |