Brightstar Lottery Reports Strong 2025 Close, Exceeding Q4 Revenue Forecasts

Brightstar Lottery, a prominent entity in the gaming technology and solutions sector, has successfully concluded its 2025 fiscal year, announcing financial outcomes that surpassed expectations for its fourth quarter and demonstrated solid performance for the entire year. The company's recent disclosure of its financial results highlights a period of strategic execution and operational efficiency.

For the full fiscal year ending December 31, 2025, Brightstar Lottery recorded a total revenue of $2.51 billion, a figure that remained consistent with its performance in the preceding year, 2024. While the company's Adjusted EBITDA saw a marginal decrease, diluted Adjusted earnings per share experienced a significant 36% year-over-year increase, reaching $0.91. A key financial achievement in 2025 was a substantial improvement in the company's net debt position, which decreased by 43% to $2.7 billion. Additionally, Brightstar Lottery actively engaged in capital returns to shareholders, distributing over $1 billion through a combination of dividends and share repurchases.

The fourth quarter of 2025, ending December 31, stood out with revenue climbing to $668 million, representing a 3% increase compared to the same period in the prior year. Adjusted EBITDA for Q4 also saw a positive trajectory, growing by 5% year-over-year to $304 million, up from $290 million in Q4 2024. This strong quarterly performance was attributed by the company to better-than-expected revenue and profit growth, fueled by a 3.5% rise in same-store sales, particularly bolstered by U.S. Multi-state Jackpot activities and the expansion of its iLottery offerings.

Max Chiara, Brightstar Lottery's Chief Financial Officer, commented on the company's strategic financial management. He noted, "Our balanced approach to capital allocation was clearly on display in 2025, marked by over $2 billion in debt reduction, bringing leverage to historic lows; over $1 billion returned to shareholders; and vital investments in key initiatives." Chiara also expressed confidence in the company's forward momentum, stating that Brightstar Lottery is "well-positioned to fund contractual obligations that put us on the path to achieving our 2028 financial targets" as it enters 2026.

Vince Sadusky, CEO of Brightstar Lottery, echoed these positive sentiments, emphasizing that the strong fourth-quarter revenue and profit growth underscore the strength of the company's diverse global portfolio. Sadusky characterized 2025 as a "transformational year," marked by the successful execution of major strategic priorities, including the sale of IGT Gaming and an increase in capital returns to shareholders. Looking ahead, Sadusky identified 2026 as a crucial period for investing in high-return growth initiatives, such as the digital expansion of its B2C operations in Italy and the launch of a new lottery in São Paulo, initiatives expected to drive accelerated sales and profit growth through 2028.