Brightstar Lottery lowers FY25 revenue view to $2.5B from $2.55B

Consensus $2.55B. The company is adjusting revenue down $50M compared to the previous outlook to reflect a timing shift in product sales and increased amortization related to Italy Lotto upfront license fee, which is treated as contra-revenue. 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.”