Brightstar Lottery Q3 revenue drops 4% to $607 million

Brightstar Lottery (NYSE:BRSL) reported third-quarter 2026 revenue of $607 million, down 4% year-over-year, as license-fee amortization weighed on financial performance.

Income from continuing operations declined 53% to $45 million, while diluted earnings per share fell to $0.12 from $0.29 in the prior-year quarter.

Adjusted EBITDA, a non-GAAP earnings measure, decreased 2% to $289 million, although its margin improved to 47.5% from 46.7%.

Product sales increased 137%, while total service revenue declined 9%, reflecting differing performance across the company's business segments.

Brightstar lowered its full-year 2026 revenue outlook to $2.435 billion–$2.455 billion and adjusted EBITDA guidance to $1.14 billion–$1.16 billion. The company maintained its operating cash flow expectations despite the revised earnings outlook.

Following the announcement, the Brightstar Lottery share-price direction and trading price were not provided in the available results.

Net debt reached $3.842 billion at the end of the quarter, with leverage of 3.30 times.

The board declared a quarterly dividend of $0.23 per share, payable December 8, 2026, to shareholders of record November 24. Brightstar returned more than $200 million to shareholders through dividends and share repurchases year-to-date through November 9.