Brightstar posts Q4 FY’25 U.S. multi-state jackpot wager-based revenue of USD 38 million, up 46%

Reuters
Feb 24
Brightstar posts Q4 FY’25 U.S. multi-state jackpot wager-based revenue of USD 38 million, up 46%

Brightstar reported Q4 FY2025 total revenue of USD 668 million, up 3.0%, driven by elevated U.S. multi-state jackpot activity, while FY2025 total revenue was USD 2.511 billion (flat). Q4 income from continuing operations was USD 92 million, down 21.0%, and Q4 adjusted EBITDA was USD 304 million, up 5.0%; for FY2025, income from continuing operations was USD 135 million, down 50.0%, and adjusted EBITDA was USD 1.121 billion, down 4.0%. FY2025 net cash used in operating activities from continuing operations was USD 193 million and free cash flow was negative USD 509 million, reflecting an Italy Lotto upfront license fee payment; cash from operations excluding the upfront license fee was USD 733 million. Brightstar said it returned more than USD 1 billion to shareholders in FY2025, including USD 271 million of share repurchases (9% reduction in shares outstanding) and USD 770 million in dividends (including a USD 600 million special dividend), and ended FY2025 with net debt leverage of 2.4x after reducing net debt to USD 2.723 billion. Strategic updates included closing the IGT Gaming sale, securing the Italy Lotto contract, launching Brightstar as a pure-play lottery business, and outlining FY2026 growth investments including iLottery expansion, Italy B2C digital execution, and AI and OPtiMa savings initiatives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brightstar Lottery plc published the original content used to generate this news brief on February 24, 2026, and is solely responsible for the information contained therein.

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