The global leader in lottery technology, content and solutions, Brightstar Lottery PLC, released its latest financial results.
The figures pointed to the company's third quarter performance, or the three months ended September 30, 2025, suggesting strong revenue growth.
Revenue jumps by 7% year-over-year, adjusted EBITDA grows
In total, Brightstar Lottery posted revenue of $629m. Compared to the $587m result from the same period in 2024, the latest result shows a 7% year-over-year increase.
A statement released by the company acknowledges that the increase in revenue during the third quarter this year was "primarily driven by 7.9% same-store sales growth reflecting strength across jurisdictions and game types."
Further details released by Brightstar Lottery reveal that adjusted EBITDA in the latest trading period increased by a double-digit percentage.
In Q3 last year, adjusted EBITDA was $264m, while adjusted EBITDA margin was 44.9%.
During the same period this year, adjusted EBITDA increased by 11% to $294m, while adjusted EBITDA margin improved to 46.7%.
According to Brightstar Lottery, a number of factors played a role in the increase of adjusted EBITDA.
This includes a "high profit flow-through of increased wager-based revenue from strong same-store sales and jackpot activity," foreign currency exchange benefits, as well as lower costs driven by efficiencies.
Brightstar Lottery's newest financial report revealed information regarding its year-to-date performance.
Notably, year-to-date revenue through the end of September halted at $1.84bn, a result that signals a slight decrease when compared to the $1.86bn figure from Q3 2024.
Late last month, Brightstar Lottery signed an exclusive deal with Avanti Licensing.
The multi-year agreement enabled the former to develop and distribute omnichannel lottery games based on Avanti's popular humorous greeting cards.
Brightstar Lottery hit many milestones in Q3
Max Chiara, Brightstar Lottery's CFO, acknowledged the strong results reported by the company in Q3.
"With $1.6bn of cash and cash equivalents and net debt leverage of 2.3x at the end of Q3, we are well-positioned to execute on our strategic objectives," he said.
Moreover, Chiara pointed out: "As we released our mid-term targets, we expect to generate over $7bn in gross cash in the 2025-2028 period, mostly allocated to funding organic growth, with $1.7bn expected to be returned to shareholders over the same timeframe."
Vince Sadusky, the company's CEO, was equally excited.
"We achieved many milestones in Q3: closing the IGT Gaming sale for $4bn in cash, executing our shareholder return plans, and completing the refocusing of the Company as a lottery pure play," he said.
What's more, Sadusky said: "The better-than-expected Q3 revenue and profit results reflect a significant acceleration of same-store sales across all geographies."
He spoke about Brightstar Lottery's rich heritage, which helped power lotteries across the globe for nearly five decades.
In conclusion, Sadusky explained that financial targets for 2028, released alongside the latest results, outline a stronger organic growth profile and success for the company in the next few years.
