International Game Technology ( (BRSL) ) has released its Q3 earnings. Here is a breakdown of the information International Game Technology presented to its investors.
Brightstar Lottery PLC is a leading global lottery company known for its innovative and secure technology solutions, providing comprehensive services to customers worldwide. The company has a strong presence in the lottery industry, offering both retail and digital solutions, and is recognized for its award-winning lottery games.
In the third quarter of 2025, Brightstar Lottery PLC reported a 7% increase in revenue, reaching $629 million, driven by a 7.9% growth in same-store sales. The company also achieved an 11% increase in adjusted EBITDA, amounting to $294 million. Notably, Brightstar completed the sale of its IGT Gaming business for $4 billion, further solidifying its focus as a pure-play lottery company.
Key financial highlights include a significant improvement in income from continuing operations, which rose to $95 million from a loss of $46 million in the previous year. The company also returned $978 million to shareholders year-to-date and announced a 10% increase in its fourth-quarter dividend. Brightstar’s strategic initiatives, including the introduction of medium-term targets, aim for a 2028 revenue of $2.75 billion and an adjusted EBITDA of $1.3 billion.
Looking ahead, Brightstar Lottery PLC is well-positioned with $1.6 billion in cash and cash equivalents and a net debt leverage of 2.3x. The company plans to generate over $7 billion in gross cash from 2025 to 2028, focusing on organic growth and shareholder returns. Management remains optimistic about achieving its financial targets, driven by core business growth and expansion initiatives in the U.S. and Italy.
Overall, Brightstar Lottery PLC’s third-quarter results reflect a robust financial performance and strategic realignment towards its core lottery operations, setting a strong foundation for future growth and value creation.
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