Brightstar Lottery cuts FY25 revenue view to $2.5B from $2B, consensus $2.55B

Backs FY25 adjusted EBITDA view $1.1B. Raises FY25 capital expenditures view to $375M from $300M. “Our second quarter results reflect sustained global demand for instant ticket and draw games,” said Max Chiara, CFO of Brightstar. “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.”