Brightstar Lottery posts better-than-expected Q4 revenue, wraps up successful 2025

• Brightstar Lottery published its Q4 and 2025 financial results
• Revenue in 2025 was on par when compared to the prior year but fourth quarter results were better-than-expected
• Executives at Brightstar Lottery speak with excitement about the latest results

Brightstar Lottery, the leading games, technology and solutions company, released its fourth quarter and full-year financial results.

Wrapping up a successful year, the company completed a significant number of strategic objectives throughout 2025 and plans to continue growing in 2026.

On par 2025 revenue, better-than-expected results in Q4

The latest financial results, covering the year ending December 31, 2025, reveal $2.51bn in revenue. Compared to the 2024 revenue result, the latest figure is on par.

Adjusted EBITDA in 2025 decreased slightly, while Adjusted earnings per share – diluted grew by 36% year-over-year to $0.91.

During 2025, Brightstar Lottery significantly improved its net debt, which decreased by 43% year-over-year to $2.7bn.

In FY25, through dividends and share repurchases, the company returned over $1bn to shareholders.

Focusing on the fourth quarter, Brightstar Lottery posted a slight increase in revenue year-over-year.

For the quarter ending December 31, 2025, the company reported $668m in revenue, up by 3% when compared to the corresponding period the prior year.

Adjusted EBITDA in Q4 also increased year-over-year, hitting $304m, up by 5% when compared to the Q4 2024 result of $290m.

A statement released by Brightstar Lotter confirms that Q4 revenue was better-than expected and "profit growth driven by a 3.5% increase in same-store sales, led by U.S. Multi-state Jackpot activity and iLottery."

Brightstar maintains growth trajectory in 2026

Max Chiara, Brightstar Lottery's CFO, spoke with excitement about the latest results.

"Our balanced approach to capital allocation was on display in 2025 with over $2 billion in debt reduction, bringing leverage to historic lows; over $1 billion returned to shareholders; and investments in key initiatives," he explained.

Moreover, Chiara pointed out: "We enter 2026 well-positioned to fund contractual obligations that put us on the path to achieving our 2028 financial targets."

Vince Sadusky, Brightstar Lottery's CEO, added that the better-than-expected Q4 revenue and profit growth highlight the company's diverse portfolio in markets across the globe.

"2025 was a transformational year for us. We executed major strategic priorities, including selling IGT Gaming and increasing capital returns to shareholders," he added.

Finally, Sadusky pointed out: "2026 is an important year of investment in several high-ROI growth initiatives such as Italy B2C digital expansion and launching a new lottery in São Paulo, which we expect to drive accelerated sales and profit growth through 2028."

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