The leading provider of content, solutions and games to lottery operators across the globe, Brightstar Lottery, released its unaudited financial results for the second quarter of the year.
The second quarter, covering the three months ending June 30, 2025, reveals that the company achieved important objectives while reporting strong revenue and growth in different markets.
Adjusted EBITDA dips, revenue increases
Notably, Brightstar Lottery's Q2 revenue increased year-over-year to $631m, a result that points to 3% growth considering that in Q2 last year, revenue halted to $613m.
Operating income and margin during the latest trading period halted at $139m and 22.0%, results that signaled a decrease when compared to the $179m in operating income and 29.2% operating income margin for the corresponding period last year.
Similarly, adjusted EBITDA during the second quarter this year also recorded a decrease.
In Q2 2024, the adjusted EBITDA hit $290m, while for the same period this year, it halted at $274m, a result that points to a 5% year-over-year decrease.
On the other hand, Brightstar Lottery's cash and cash equivalents results during the recent trading period soared year-over-year.
Per the latest data, as of the end of the second quarter of this year, Brightstar Lottery reported $1.31bn in cash and cash equivalents, a figure that points to a 250% year-over-year increase when compared to the $374m result from Q2 in 2024.
The company maintains a growth trajectory
Further financial highlights released by the company reveal that its instant ticket and draw same-store sales recorded an increase of 8.4% within the rest of the world region, the highest increase out of any other region.
Still, the instant ticket and draw same-store sales in Italy also recorded an increase of 3.7% year-over-year, while the result for the market in the United States was 0.6% higher.
Equally as important, Brightstar Lottery acknowledged product sales increase of 59% for instant ticket printing and terminals, while "foreign currency translation had a positive impact on growth."
The company's Q2 2025 report also reveals: "Growth from the drivers above was partially offset by elevated U.S. multi-state jackpot activity and associated LMA incentives in the prior year."
Max Chiara, Brightstar Lottery's CFO, shared his excitement about the latest results and said: "Our second quarter results reflect sustained global demand for instant ticket and draw games."
Moreover, Chiara pointed out: "We are investing in key initiatives to drive sustainable, long-term growth, while also delivering structural cost reductions to right-size the business. The Company's attractive profit profile and strong, predictable cash flows support our balanced approach to capital allocation."
Vince Sadusky, Brightstar Lottery's CEO, shared the positive vibe and said: "We achieved several important milestones over the last few months."
The executive acknowledged that the company recently secured a license with Italy Lotto, while at the same time praised the finalization of the sale of Brightstar's Gaming & Digital business in a $4bn deal.
Coinciding with the divestment of the strategic asset, Sadusky spoke about Brightstar Lottery's plan to return capital to its shareholders.
Last but not least, the executive predicted further growth and expansion for the company, which in turn, is expected to create value for its stakeholders and deliver unique experiences to lottery players across the globe.
Earlier this month, Brightstar Lottery inked a new eight-year deal with the Missouri Lottery.
