Brightstar Lottery (BRSL) AI Stock Analysis

• Market Cap: $2.83B
• Dividend Yield: 24.38%
• Average Volume (3M): 1.47M
• Price to Earnings (P/E): 13.2
• Beta (1Y): 0.83
• Revenue Growth: -34.93%
• EPS Growth: 83.72%
• Country: US
• Employees: 11,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.36
• Shares Outstanding: 189,426,970
• 10 Day Avg. Volume: 1,342,104
• 30 Day Avg. Volume: 1,469,094
• PEG Ratio: 0.08
• Price to Book (P/B): 2.16
• Price to Sales (P/S): 1.42
• P/FCF Ratio: 4.05
• Enterprise Value/Market Cap: 2.28
• Enterprise Value/Revenue: 2.60
• Enterprise Value/Gross Profit: 5.69
• Enterprise Value/Ebitda: 6.94
• 1Y Price Target: $18.67
• Price Target Upside: 27.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: $18.00 ▲(22.53% Upside)

Brightstar Lottery's overall stock score is driven by strong earnings call results and a high dividend yield, indicating potential undervaluation. However, financial performance challenges, including declining profitability and high leverage, weigh on the score. Technical indicators suggest a neutral trend, adding moderate influence.

Positive Factors

Strong Same-Store Sales Growth

The robust growth in same-store sales and jackpot sales indicates strong consumer demand and effective sales strategies, supporting long-term revenue growth.

Improved Financial Position

Reduced net debt and strong liquidity enhance financial stability and flexibility, allowing for strategic investments and shareholder returns.

Successful Transition to Lottery Pure-Play

Focusing solely on lottery operations can streamline operations and enhance core competencies, potentially increasing market share and profitability.

Negative Factors

High Leverage

High leverage can pose financial risks and limit the company's ability to invest in growth opportunities, impacting long-term financial health.

Declining Profitability

Decreased profitability suggests operational inefficiencies, which could hinder the company's ability to generate sustainable profits over time.

Revenue Growth Challenges

Stagnant revenue growth may indicate market saturation or competitive pressures, limiting the company's ability to expand and capture new markets.

Brightstar Lottery Business Overview & Revenue Model

Company Description

A pure‑play global lottery operator - providing technology and services for regulated lotteries. Previously included gaming and iGaming operations, which were divested.

How the Company Makes Money

Brightstar Lottery generates revenue primarily through ticket sales from its lottery games, including both physical tickets and online purchases. The company earns a percentage of the total sales as profit, which is further boosted by high player participation in its various gaming offerings. Additionally, BRSL partners with state and national lottery organizations to manage and operate lottery programs, receiving a commission for these services. The company also explores revenue opportunities through advertising partnerships and promotional campaigns, utilizing its extensive player base to attract sponsors. By continuously innovating its product offerings and expanding its market reach, Brightstar Lottery leverages multiple revenue streams to enhance its financial performance.

Brightstar Lottery Financial Statement Overview

Summary

Brightstar Lottery's financial performance is challenged by declining profitability and high leverage. The gross profit margin is solid, but the net profit margin and revenue growth have decreased, indicating operational inefficiencies. High debt levels pose financial risks, and cash flow generation has weakened significantly.

Income Statement

Brightstar Lottery's income statement shows moderate performance. The TTM Gross Profit Margin is 43.98%, indicating a solid ability to generate profit from revenue. However, the Net Profit Margin has decreased to 7.92% from 13.85% in the previous year, reflecting reduced profitability. Revenue growth is minimal at 1.75% TTM, suggesting stagnation. The EBIT and EBITDA margins have also declined, indicating potential operational inefficiencies.

Balance Sheet

The balance sheet reveals a high Debt-to-Equity Ratio of 4.33 TTM, indicating significant leverage and potential financial risk. Return on Equity has decreased to 12.30% TTM from 21.07% in the previous year, reflecting reduced efficiency in generating returns on equity. The Equity Ratio stands at 9.38%, suggesting limited equity financing relative to total assets.

Cash Flow

Cash flow analysis shows challenges with a significant decline in Free Cash Flow Growth at -88.10% TTM. The Operating Cash Flow to Net Income Ratio is 0.27, indicating moderate cash generation relative to net income. The Free Cash Flow to Net Income Ratio is 0.77, suggesting some ability to convert net income into free cash flow, albeit reduced from previous levels.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.49B	2.51B	2.53B	2.60B	4.09B	3.12B
Gross Profit	1.14B	1.17B	1.21B	1.20B	1.96B	1.14B
EBITDA	933.00M	1.14B	1.12B	1.42B	1.41B	136.36M
Net Income	304.00M	348.00M	156.00M	275.00M	482.00M	-897.89M
Balance Sheet
Total Assets	9.29B	10.28B	10.46B	10.43B	11.32B	12.99B
Cash, Cash Equivalents and Short-Term Investments	1.70B	584.00M	508.00M	590.00M	591.00M	1.11B
Total Debt	4.31B	5.47B	5.78B	6.03B	6.87B	8.60B
Total Liabilities	7.93B	8.22B	8.51B	8.45B	9.35B	11.43B
Stockholders Equity	871.00M	1.65B	1.44B	1.43B	1.28B	776.74M
Cash Flow
Free Cash Flow	103.05M	881.00M	893.00M	737.00M	740.00M	610.94M
Operating Cash Flow	398.05M	1.03B	1.04B	899.00M	978.00M	865.63M
Investing Cash Flow	3.84B	-357.00M	-467.00M	168.00M	636.00M	-292.77M
Financing Cash Flow	-3.17B	-586.00M	-564.00M	-1.06B	-1.90B	-413.66M

Brightstar Lottery Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRSL, the sentiment is Negative. The current price of 14.69 is below the 20-day moving average (MA) of 15.54, below the 50-day MA of 15.73, and below the 200-day MA of 14.75, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 35.16 is Neutral, neither overbought nor oversold. The STOCH value of 22.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRSL.

Brightstar Lottery Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MCRI	78 Outperform	$1.70B	16.60	19.40%	1.22%	4.61%	22.90%
RSI	72 Outperform	$4.33B	74.93	29.67%	―	23.15%	―
BRSL	66 Neutral	$2.83B	13.17	1.61%	24.38%	-34.93%	83.72%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BALY	54 Neutral	$818.55M	-2.11	-114.88%	―	0.36%	47.55%
SBET	48 Neutral	$2.02B	-1.31	-0.07%	―	―	―
PENN	47 Neutral	$1.89B	-2.18	-35.97%	―	8.24%	-77.54%

Brightstar Lottery Corporate Events

Brightstar Lottery Completes $500 Million Share Repurchase Program

Brightstar Lottery PLC announced the completion of its $500 million share repurchase program, including the final delivery of shares under its $250 million accelerated share repurchase plan. On December 3 and December 12, 2025, the company repurchased a total of 15,234,554 ordinary shares, which are held in treasury, reflecting a strategic move to enhance shareholder value.

The most recent analyst rating on (BRSL) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Brightstar Lottery stock, see the BRSL Stock Forecast page.

Brightstar Lottery PLC Prices $750M Notes and Plans Redemption

On December 3, 2025, Brightstar Lottery PLC announced the successful pricing of $750 million in 5.750% Senior Secured Notes due 2033. The proceeds will be used to redeem the company’s existing $750 million 6.25% Senior Secured Notes due 2027. This strategic financial move is expected to optimize the company’s debt structure and potentially enhance its market position by reducing interest costs. The settlement of the new notes is anticipated to occur on December 15, 2025, subject to customary conditions.

The most recent analyst rating on (BRSL) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Brightstar Lottery stock, see the BRSL Stock Forecast page.

Brightstar Lottery PLC Launches Senior Secured Notes Offering

On December 2, 2025, Brightstar Lottery PLC announced a benchmark offering of senior secured notes due 2033, co-issued with its subsidiary, Brightstar Global Solutions Corporation. The proceeds from this offering will be used to redeem $500 million of the company’s outstanding senior secured notes due 2027 and to cover related debt issuance costs. This strategic financial move is expected to enhance the company’s debt structure and improve its market positioning.

The most recent analyst rating on (BRSL) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Brightstar Lottery stock, see the BRSL Stock Forecast page.

Brightstar Lottery Secures Nine-Year Italy Lotto Concession

On November 18, 2025, Brightstar Lottery PLC announced that its subsidiary, LottoItalia S.r.l., signed a nine-year agreement to operate the Italy Lotto. This agreement, effective from November 30, 2025, positions Brightstar Lottery as a key player in the Italian lottery market, potentially increasing its market share and revenue streams. The concession includes managing the Lotto game and other fixed-odds number games, with provisions for potential amendments due to regulatory changes. This strategic move is expected to enhance the company’s operational footprint and influence in the European gaming sector.

The most recent analyst rating on (BRSL) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Brightstar Lottery stock, see the BRSL Stock Forecast page.

Brightstar Lottery Secures Nine-Year Italy Lotto Operation

On November 18, 2025, Brightstar Lottery PLC announced that its subsidiary, LottoItalia S.r.l., has signed a nine-year agreement to continue operating the Italy Lotto. This agreement, following a competitive bid process, extends Brightstar’s management of the Italy Lotto license, which it has held for over 30 years, until November 2034. The deal is expected to enhance the company’s market position by driving growth in Lotto wagers through new player touchpoints and digital innovations. This development underscores Brightstar’s strategic focus on expanding its digital offerings and strengthening its presence in the Italian lottery market.

The most recent analyst rating on (BRSL) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Brightstar Lottery stock, see the BRSL Stock Forecast page.

Brightstar Lottery PLC Reports Strong Financial Position as of September 2025

Brightstar Lottery PLC has released its financial information for the period ending September 30, 2025, showing significant changes in its financial position compared to December 31, 2024. The company’s cash and cash equivalents increased from $584 million to $1,599 million, indicating a strong liquidity position. This financial update provides insights into the company’s operational efficiency and market positioning, which could have implications for stakeholders and investors.

The most recent analyst rating on (BRSL) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Brightstar Lottery stock, see the BRSL Stock Forecast page.

Brightstar Lottery Reports Strong Q3 2025 Results and Announces Dividend

On November 4, 2025, Brightstar Lottery PLC announced its third-quarter results for 2025, reporting a 7% increase in revenue to $629 million, driven by strong same-store sales growth. The company declared a quarterly cash dividend of $0.22 per share, payable on December 2, 2025. Brightstar completed the sale of IGT Gaming for $4 billion, refocusing as a lottery pure play, and introduced medium-term financial targets, aiming for $2.75 billion in revenue by 2028. The company is well-positioned with $1.6 billion in cash and plans to return $1.7 billion to shareholders by 2028, reflecting a robust growth strategy.

The most recent analyst rating on (BRSL) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Brightstar Lottery stock, see the BRSL Stock Forecast page.