Brightstar Lottery PLC filed its third-quarter 2026 earnings release on November 10, 2026, reporting revenue of $607 million and Adjusted EBITDA of $289 million for the quarter ended September 30, 2026, while updating its full-year revenue and Adjusted EBITDA outlook.

Key Highlights

  • Revenue of $607 million for Q3 2026, down 4% from $629 million in the prior-year period.
  • Income from continuing operations of $45 million, compared to $95 million in Q3 2025, a decline of 53%.
  • Adjusted EBITDA of $289 million versus $294 million in the prior-year quarter; Adjusted EBITDA margin of 47.5%.
  • Diluted EPS from continuing operations of $0.12, down from $0.29 in Q3 2025; Adjusted EPS was $0.10 versus $0.36.
  • Net debt of $3.8 billion as of September 30, 2026, with net debt leverage of 3.30x.
  • Quarterly cash dividend declared at $0.23 per common share, with a record date of November 24, 2026 and payment date of December 8, 2026.
  • Full-year 2026 revenue outlook updated to $2.435-$2.455 billion, reduced from prior guidance of $2.50-$2.55 billion.

Brightstar Lottery Reports Q3 2026 Results Amid Higher Amortization and Updated Guidance

According to the filing, Brightstar Lottery PLC (NYSE:BRSL) reported Q3 2026 revenue of $607 million, down 4% year-over-year and down 3% on a constant currency basis. The company attributed growth drivers to higher global product sales of retail hardware, software, and instant tickets, as well as increased other service revenue from software services for new contracts and extensions. Offsets included higher service revenue amortization related to the new Italy Lotto license, lower same-store sales primarily due to U.S. multi-state jackpot performance, the U.K. service contract transition, and foreign currency translation.

The filing disclosed that income from continuing operations fell to $45 million from $95 million in Q3 2025, primarily due to higher service revenue amortization related to the Italy Lotto license and increased net interest expense from lower interest income. Diluted net income per share and Adjusted EPS each included $43 million, or $0.23 per share, of Brightstar's portion, net of tax, of service revenue amortization, compared to $23 million, or $0.12 per share, in Q3 2025. Year-to-date through 2026, Adjusted EBITDA reached $861 million, up 5% from $818 million in the same period of 2025, according to the filing.

On the balance sheet, the filing reported total liquidity of $1.9 billion as of September 30, 2026, comprising approximately $0.5 billion in unrestricted cash and $1.3 billion in undrawn credit facility capacity. Net debt stood at $3.8 billion, up from $2.7 billion at December 31, 2025, reflecting the final Italy Lotto license payment made earlier in the year. In September 2026, the company issued 500 million euros of 4.875% Senior Secured Notes due September 2032. The company disclosed that it deployed over $200 million for cash dividends and share repurchases year-to-date through November 9, 2026. The updated full-year Adjusted EBITDA outlook is $1.14-$1.16 billion, reduced from prior guidance of $1.16-$1.19 billion, with the revision attributed primarily to updated foreign exchange assumptions.

What Was Disclosed

Brightstar Lottery PLC released Q3 2026 financial results showing $607 million in revenue and $289 million in Adjusted EBITDA, declared a $0.23 per share quarterly dividend, completed a 500 million euro debt issuance, and revised its full-year revenue and Adjusted EBITDA guidance downward.