Brightstar Lottery PLC
NYSE:BRSL
Brightstar Lottery PLC
International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. The firm provides integrated solution OMNIA, that unites retail and digital lottery channels. Its technology solutions include retail solutions, digital solutions, and systems. Its retail terminals support all types of retailers with the camera technology in the smallest footprint, which includes Retail Terminals, Self-Service Vending, In-Lane Lottery Solutions, and LotteryLink. Its Retail Terminals include Retailer Pro S2 Lottery Terminal, Retailer Select Lottery Terminal, Retailer Vue Lottery Terminal, and Retailer to Go S2. Its Self-Service Vending includes GameTouch 28, GameTouch 20, and GameTouch Draw S2. Its digital solutions include Web and mobile solutions, digital systems and data platforms. Its lottery solution is a suite of lottery products and applications. Its instant ticket services are suppliers of instant games and services.
International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. The firm provides integrated solution OMNIA, that unites retail and digital lottery channels. Its technology solutions include retail solutions, digital solutions, and systems. Its retail terminals support all types of retailers with the camera technology in the smallest footprint, which includes Retail Terminals, Self-Service Vending, In-Lane Lottery Solutions, and LotteryLink. Its Retail Terminals include Retailer Pro S2 Lottery Terminal, Retailer Select Lottery Terminal, Retailer Vue Lottery Terminal, and Retailer to Go S2. Its Self-Service Vending includes GameTouch 28, GameTouch 20, and GameTouch Draw S2. Its digital solutions include Web and mobile solutions, digital systems and data platforms. Its lottery solution is a suite of lottery products and applications. Its instant ticket services are suppliers of instant games and services.
Strategic Transformation: Brightstar completed the $4 billion sale of its gaming business, making it a pure-play lottery company focused on global leadership.
Strong Q3 Results: Third quarter revenue and profit exceeded expectations, with same-store sales up 8% globally and U.S. Multistate Jackpot sales up 70%, driven by a $1.8 billion Powerball jackpot.
Dividend Increase: The company announced a $0.22 per share quarterly dividend, a 10% increase over previous levels, reflecting a commitment to shareholder returns.
Shareholder Returns: Nearly $1 billion has been returned to shareholders through dividends and share repurchases so far in 2025.
Guidance Reaffirmed: Full-year 2025 revenue outlook of $2.5 billion and adjusted EBITDA guidance of $1.1 billion were reaffirmed despite some headwinds from the U.K. contract transition and Italian license fees.
Operational Efficiency: Brightstar expects to deliver $80 million in gross cost savings by 2028, with $50 million realized by 2026, mainly through back-office optimization and AI adoption.
Midterm Targets: Management introduced 2028 targets for $2.75 billion in revenue and $1.3 billion in adjusted EBITDA, with organic growth expected above 5% CAGR through 2028.
CapEx Cycle: Peak capital expenditures of about $400 million annually are anticipated through 2028, mainly to renew key contracts and invest in technology.
