Brightstar Lottery has reported revenue of $631m (£472.8m) for the second quarter of 2025, as the slimmed down former IGT-branded business entered its new era.
The figure represented a 3% increase year on year (YoY) for the company, which confirmed its rebranding from IGT last month.
The rebrand came as Brightstar finalised the sale of its Gaming and Digital arm to Apollo Global Management in a $4bn deal.
Service revenue made up the majority of the total, accounting for $588m.
This comprised $516m of instant ticket and draw revenue, $15m of US multi-state jackpot revenue and an extra $110m derived from other sources.
The remaining $42m came from product sales, up 59% when compared to the corresponding period last year.
The US and Canada continued to be the supplier’s most profitable region, generating revenue worth $293m.
Italy followed closely with revenue of $259m, up 10% YoY, while the rest of the world contributed $79m.
When accounting factors such as service costs of $321m, general expenses of $100m and $21m in restructuring costs, operating expenses for the quarter totalled $492m.
Losses for the quarter came to $58m, down from a $42m profit posted in Q2 2024.
Adjusted EBITDA decreased 5% YoY to $274m, leaving an EBITDA margin of 43.5%.
The quarter saw Brightstar successfully bid for Italy’s lottery licence, landing a contract until 2034. The company will head up a consortium composed of Allwyn, Arianna 2001 and Novomatic Italia.
When looking at H1 numbers, revenue for the first half of the year came to $1.2bn, down slightly from the $1.3bn recorded for H1 2024.
Net losses for the year amounted to $31m, as opposed to the $123m profit posted at the same time last year.
Brightstar CEO Vince Sadusky said: “We achieved several important milestones over the last few months. We secured the Italy Lotto licence through November 2034, closed the sale of our Gaming & Digital business for $4bn in cash, and announced plans to return significant capital to shareholders.
“With a singular focus on lottery and unmatched industry expertise, we are well positioned to create value for all stakeholders with our mission to elevate lotteries and inspire players around the world.”
Max Chiara, CFO of Brightstar, added: “Our second quarter results reflect sustained global demand for instant ticket and draw games.
“We are investing in key initiatives to drive sustainable, long-term growth, while delivering structural cost reductions to right-size the business.
“The company’s attractive profit profile and strong, predictable cashflows support our balanced approach to capital allocation.”
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Firm formerly known as IGT reports a 3% year-on-year increase in first quarterly report since rebrand
The post Brightstar Lottery reports $631m revenue for Q2 first appeared on EGR Intel.