Brightstar Q2 results show a modest revenue rise and strong cash flow performance. Brightstar Q2 results demonstrate resilience despite currency swings and restructuring charges. Brightstar Q2 results highlight the company’s solid liquidity and capital return plans.

  • In Q2 2025 Brightstar reported revenue of $631 million, up 3% year‑on‑year. Adjusted EBITDA came in at $274 million, slightly below the prior year. The company said global same‑store sales grew 2.6% driven by instant ticket and draw games at constant currency.

  • The group recorded a GAAP loss from continuing operations of $60 million, reflecting a $99 million non‑cash foreign currency translation loss and a $21 million restructuring charge tied to the expanded OPtiMa 3.0 cost reduction programme. Adjusted earnings per share were $0.12, down from $0.20 in Q2 2024. Brightstar Q2 results incorporate these one‑off adjustments in their reporting.

  • Liquidity remained robust at approximately $2.9 billion, including $1.3 billion in unrestricted cash and $1.6 billion in undrawn credit facilities. A $250 million accelerated share repurchase programme was announced, part of a wider $500 million buyback authorisation. The company also declared a quarterly dividend of $0.20 per share.

  • Brightstar completed the sale of its Gaming & Digital business on July 1, 2025, for about $4 billion net cash proceeds. Of that, $2 billion was used to reduce debt, $1.1 billion earmarked for shareholder returns including a $3.00 special dividend, and $500 million allocated to Italy Lotto licence payments. The remaining funds will support general corporate purposes.

  • Instant ticket and draw same‑store sales rose globally by 2.6% at constant currency, with Italy up 3.7%, U.S. up 0.6%, and Rest of World up 8.4%. Product sales surged 59% year‑on‑year, helped by higher instant ticket printing and terminal sales. Strong growth was partially offset by elevated U.S. multi‑state jackpot activity and associated LMA incentives in the comparable period.

  • The forward‑looking outlook was reaffirmed for FY 2025 with revenue forecast of approximately $2.50 billion (reduced by $50 million due to timing shifts and license fee amortisation) and adjusted EBITDA guidance of about $1.10 billion in line with previous targets. Free cash flow is expected to improve and net cash used in operating activities projected at ~$275 million. The company revised its EUR/USD exchange rate assumption to 1.12.

  • CEO Vince Sadusky noted “…we secured the Italy Lotto license through November 2034, closed the sale of our Gaming & Digital business for $4 billion in cash, and announced plans to return significant capital to shareholders.” CFO Max Chiara added that global demand for instant ticket and draw games remains sustained as investments and structural cost savings balance each other.

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