Brightstar Lottery Past Earnings Performance
Past criteria checks 5/6
Brightstar Lottery has been growing earnings at an average annual rate of 24.7%, while the Hospitality industry saw earnings growing at 31.9% annually. Revenues have been declining at an average rate of 12% per year. Brightstar Lottery's return on equity is 9%, and it has net margins of 2.3%.
Key information
24.67%
Earnings growth rate
24.45%
EPS growth rate
| Hospitality Industry Growth | 19.52% |
| Revenue growth rate | -12.03% |
| Return on equity | 9.01% |
| Net Margin | 2.35% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 02
BRSL: Long Dated Contracts And Capital Returns Will Shape Future Share Repricing
Analysts have trimmed their Brightstar Lottery price targets by $1 to $20 in recent research, citing updated assumptions on long term revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent price target revisions on Brightstar Lottery highlight a more cautious tone among bearish analysts, who are revisiting their assumptions on long term revenue growth, profitability, and the P/E level they are willing to apply to the stock.Narrative Update • Apr 18
BRSL: Long Dated Contracts And Capital Returns Will Shape A Cautious Outlook
Analysts have trimmed their Brightstar Lottery price targets by $1, reflecting updated assumptions around slightly higher revenue expectations, a lower projected profit margin, and a higher future P/E multiple. Analyst Commentary Recent Street research around Brightstar Lottery reflects a more cautious tone, with bearish analysts trimming price targets and reassessing how much they are willing to pay for the stock relative to earnings and execution risks.Seeking Alpha • Apr 13
Don't Ignore Brightstar Lottery
Summary Brightstar Lottery has transformed into a pure-play lottery provider, focusing growth efforts on Italy after divesting non-lottery assets. BRSL’s €2.2 billion, 9-year Italy Lotto concession is now the company’s main growth driver and risk, with Italy representing the only recent revenue expansion. Dividend yield stands at a robust 7.51%, supported by stable cash flows and ongoing share buybacks, positioning BRSL as an attractive income stock. I rate BRSL a buy at current lows, viewing it as a resilient, contrarian ‘flight to safety’ play amid market uncertainty, with Italy Lotto performance as the key catalyst. Read the full article on Seeking Alpha
Narrative Update • Apr 03
BRSL: Long Term Contracts And Digital Exposure Will Support Future Re Rating
Brightstar Lottery's analyst price targets have edged down to a range of $17 to $20, as analysts factor in a lower profit margin outlook, alongside higher assumed revenue growth and a higher future P/E multiple. Analyst Commentary The latest Street research reflects a more cautious tone on Brightstar Lottery, but several bullish analysts still see room for upside within the new price target range of $17 to $20.Narrative Update • Mar 20
BRSL: Long Term Lottery Contracts Will Support Future Confidence In The Shares
Narrative Update on Brightstar Lottery Analysts have reduced the fair value estimate for Brightstar Lottery from $30.00 to $22.00, reflecting updated assumptions for slower revenue growth, a higher discount rate, a lower future P/E multiple, and recent Street research price target cuts to $20 and $17. Analyst Commentary Recent Street research on Brightstar Lottery has centered on revised price targets that, while lower than before, still sit close to or above the new internal fair value estimate of $22.00.Narrative Update • Mar 06
BRSL: Long Dated Contracts And Capital Returns Will Support Balanced Outlook
Brightstar Lottery's analyst price target has edged lower to $15.00 from $16.00, as analysts factor in higher assumed revenue growth and margins while applying a reduced future P/E multiple in line with recent cuts to Street targets across the gaming sector. Analyst Commentary Recent Street research around Brightstar Lottery has tilted more cautious, with several bearish analysts trimming their price targets even as they maintain constructive or neutral ratings.Narrative Update • Feb 19
BRSL: Long-Term Lottery Contracts Will Support Constructive Outlook Despite Sector Headwinds
Brightstar Lottery's updated analyst price target now reflects a modest reset, with recent Street moves to $20 and $17 and small tweaks to revenue growth, profit margin, discount rate, and future P/E assumptions leading analysts to a slightly more cautious but still constructive stance on the shares. Analyst Commentary Recent commentary from bearish analysts points to a more cautious setup for Brightstar Lottery, even as the overall stance on the stock remains constructive.Narrative Update • Feb 05
BRSL: Long-Term Lottery Contracts Will Support Resilient Outlook Despite Sector Uncertainty
Narrative Update on Brightstar Lottery Analysts have trimmed their Brightstar Lottery price target by $2 to $17, citing sector wide pressure on U.S. gaming stocks, uncertainty around a potential return to growth in Las Vegas, and a more cautious view on how prediction related risks could affect sentiment toward the shares. Analyst Commentary Bearish analysts are taking a more guarded stance on Brightstar Lottery heading into 2026, reflecting a mix of sector pressures, prediction related uncertainty, and questions about growth in key markets like Las Vegas.
Narrative Update • Jan 21
BRSL: Sector Caution Will Eventually Favor Cash Generative Lottery Fundamentals
Analysts have trimmed their Brightstar Lottery price target to $17 from $19, reflecting updated assumptions for higher discount rates, a different balance of revenue growth and profit margins, and sector wide caution around gaming and digital prediction trends. Analyst Commentary Bullish Takeaways Bullish analysts highlight that keeping a Hold rating alongside a lower US$17 target suggests current valuation already reflects a good portion of sector wide macro and prediction related risks.Narrative Update • Jan 07
BRSL: Long-Term Lottery Contracts And Buybacks Will Support Balanced Outlook
Analysts have lifted their fair value estimate for Brightstar Lottery to US$16.00 from US$15.00, citing updated assumptions around discount rates, revenue trends, profit margins, and a higher future P/E multiple. What's in the News Subsidiary Brightstar Global Solutions signed a six year instant ticket printing and services contract with the California Lottery, giving the lottery access to Brightstar's full instant ticket content, patented print and design technology and support services after a competitive procurement (Client Announcements).Narrative Update • Dec 20
BRSL: Jackpot Normalization Will Drive Multiple Expansion And Sustain Next Phase Of Upside
Analysts modestly lifted their Brightstar Lottery price target to about $20 per share from the prior $18 level, citing building estimate momentum, multiple growth vectors, and the potential for a valuation multiple re rating as organic growth accelerates. Analyst Commentary Bullish analysts highlight that the recent lift in the price target reflects growing confidence in Brightstar Lottery's ability to convert its robust pipeline and product portfolio into faster organic revenue growth, supporting a higher valuation framework over the medium term.Narrative Update • Dec 06
BRSL: Jackpot Normalization Will Drive Multiple Expansion And Next Phase Of Share Upside
Analysts have nudged their price target for Brightstar Lottery higher to $20 from about $19, citing multiple growth vectors, accelerating organic growth, and jackpot driven upside that support a modest rerating in the company valuation. Analyst Commentary Bullish analysts highlight that the recent price target increase reflects growing confidence in Brightstar Lottery's ability to convert its multiple growth vectors into accelerating organic revenue, which supports a higher valuation ceiling over the medium term.Narrative Update • Nov 22
BRSL: Future Jackpot Activity Will Drive Next Phase Of Share Upside
Analysts have increased their price target for Brightstar Lottery from $18 to $22 per share, citing recent jackpot-driven upside and accelerating organic growth as key factors behind the upward revision. Analyst Commentary Bullish Takeaways Recent jackpot activity, particularly from Powerball and Mega Millions, is driving near-term revenue upside and supporting higher estimates for the upcoming quarter.Narrative Update • Nov 07
BRSL: Organic Growth Drivers And Recent Jackpots Will Unlock Earnings Upside
Brightstar Lottery's analyst price target has increased from $18.52 to $19.07 per share, as analysts cite upcoming organic growth drivers and improved industry dynamics supporting the raised outlook. Analyst Commentary Recent street research reveals that analysts have adjusted their outlook on Brightstar Lottery, reflecting both optimism about growth prospects and some potential risks to monitor.New Narrative • Jul 20
Cloud And Mobile Investment Will Unlock US And European Markets
Expansion in digital lotteries and innovative mobile experiences is driving revenue growth, higher margins, and stronger customer retention.Analysis Article • Jul 15
Does This Valuation Of Brightstar Lottery (NYSE:BRSL) Imply Investors Are Overpaying?
Key Insights Using the Dividend Discount Model, Brightstar Lottery fair value estimate is US$11.41 Brightstar Lottery...Analysis Article • Jun 17
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International Game Technology's (NYSE:IGT) Dividend Will Be $0.20
International Game Technology PLC's ( NYSE:IGT ) investors are due to receive a payment of $0.20 per share on 12th of...Analysis Article • May 10
Here's Why International Game Technology (NYSE:IGT) Has A Meaningful Debt Burden
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Apr 19
Is It Time To Consider Buying International Game Technology PLC (NYSE:IGT)?
International Game Technology PLC ( NYSE:IGT ), is not the largest company out there, but it saw a double-digit share...Seeking Alpha • Mar 25
International Game Technology: Lottery King Back To Basics
Summary International Game Technology's strategic shift to focus on its core lottery business, divesting digital operations, significantly reduces debt and enhances shareholder value. The company's lottery management model guarantees long-term contracts, providing stability and consistent cash flow, positioning it as a market leader. Despite a slight decline in overall sales, lottery revenues remain strong, with growth in iLottery and international markets, particularly Italy. IGT's future outlook is positive, with expected revenue growth, reduced debt, and a leaner operational structure, making it a compelling 'Buy' at current levels. Read the full article on Seeking AlphaAnalysis Article • Mar 07
We Like The Quality Of International Game Technology's (NYSE:IGT) Earnings
International Game Technology PLC's ( NYSE:IGT ) recent earnings report didn't offer any surprises, with the shares...Analysis Article • Mar 06
Shareholders Should Be Pleased With International Game Technology PLC's (NYSE:IGT) Price
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International Game Technology (NYSE:IGT) Will Pay A Dividend Of $0.20
The board of International Game Technology PLC ( NYSE:IGT ) has announced that it will pay a dividend of $0.20 per...Analysis Article • Oct 27
International Game Technology PLC's (NYSE:IGT) Business Is Trailing The Market But Its Shares Aren't
It's not a stretch to say that International Game Technology PLC's ( NYSE:IGT ) price-to-earnings (or "P/E") ratio of...Seeking Alpha • Oct 11
International Game Technology: Decent Fundamentals Amid Divestiture Risks And Uncertainty
Summary IGT's stock is down over 35% in 12 months, with a 15% drop following the gambling and digital segment divestiture announcement. Gaming terminal sales down 14% YoY, indicating potential market share loss to competitors like Light & Wonder. Corporate expenses up 67% YoY, driven by the $4.05 billion Gaming & Digital sale. Regulatory delays beyond the 15-month timeline could trigger more downside. IGT's valuation metrics are below historical averages, with decent cash reserves and good fundamentals, making the stock attractive despite current headwinds, leading to my Hold rating for now. Read the full article on Seeking AlphaAnalysis Article • Oct 06
Is International Game Technology (NYSE:IGT) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Narrative • Sep 02
IGT's Critical Divestiture And Focus On Lottery Business Set To Enhance Margins And Attract Investors
Transition to a pure-play lottery business may attract investors, enhancing the stock's value by emphasizing stable, recurring revenue streams.Analysis Article • Aug 06
International Game Technology's (NYSE:IGT) Dividend Will Be $0.20
International Game Technology PLC ( NYSE:IGT ) will pay a dividend of $0.20 on the 27th of August. Based on this...Analysis Article • Jul 29
What Does International Game Technology PLC's (NYSE:IGT) Share Price Indicate?
International Game Technology PLC ( NYSE:IGT ), is not the largest company out there, but it led the NYSE gainers with...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Brightstar Lottery makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2,515 | 59 | 324 | 50 |
| 31 Dec 25 | 2,511 | -1 | 338 | 47 |
| 30 Sep 25 | 2,493 | 19 | 357 | 44 |
| 30 Jun 25 | 2,451 | -116 | 353 | 44 |
| 31 Mar 25 | 2,434 | 22 | 349 | 43 |
| 31 Dec 24 | 2,512 | 116 | 357 | 43 |
| 30 Sep 24 | 2,540 | -4 | 361 | 43 |
| 30 Jun 24 | 2,554 | 121 | 398 | 41 |
| 31 Mar 24 | 2,128 | 88 | 291 | -14 |
| 31 Dec 23 | 2,529 | 115 | 355 | 36 |
| 30 Sep 23 | 2,940 | 17 | 518 | 96 |
| 30 Jun 23 | 3,399 | 235 | 619 | 155 |
| 31 Mar 23 | 4,233 | 222 | 825 | 259 |
| 31 Dec 22 | 2,597 | 421 | 400 | 45 |
| 30 Sep 22 | 4,181 | 358 | 817 | 244 |
| 30 Jun 22 | 4,106 | 160 | 805 | 239 |
| 31 Mar 22 | 4,125 | 65 | 817 | 240 |
| 31 Dec 21 | 4,089 | 65 | 810 | 238 |
| 30 Sep 21 | 3,925 | -210 | 784 | 230 |
| 30 Jun 21 | 3,756 | -429 | 768 | 215 |
| 31 Mar 21 | 3,316 | -599 | 729 | 185 |
| 31 Dec 20 | 3,115 | -940 | 707 | 191 |
| 30 Sep 20 | 2,729 | -962 | 744 | 206 |
| 30 Jun 20 | 3,067 | -705 | 767 | 227 |
| 31 Mar 20 | 3,701 | -431 | 812 | 261 |
| 31 Dec 19 | 4,032 | -128 | 850 | 266 |
| 30 Sep 19 | 4,799 | 47 | 924 | 265 |
| 30 Jun 19 | 4,801 | -35 | 917 | 260 |
| 31 Mar 19 | 4,769 | 122 | 898 | 258 |
| 31 Dec 18 | 3,981 | -139 | 853 | 263 |
| 30 Sep 18 | 4,911 | 160 | 816 | 269 |
| 30 Jun 18 | 4,974 | -719 | 813 | 285 |
| 31 Mar 18 | 4,992 | -1,171 | 830 | 302 |
| 31 Dec 17 | 4,939 | -1,069 | 928 | 313 |
| 30 Sep 17 | 4,915 | -915 | 844 | 329 |
| 30 Jun 17 | 4,959 | -113 | 890 | 338 |
| 31 Mar 17 | 5,025 | 249 | 919 | 341 |
| 31 Dec 16 | 5,154 | 211 | 946 | 344 |
| 30 Sep 16 | 5,198 | 52 | 952 | 341 |
| 30 Jun 16 | 5,134 | 61 | 934 | 339 |
| 31 Mar 16 | 5,122 | -129 | 927 | 340 |
| 31 Dec 15 | 4,689 | -76 | 795 | 277 |
| 30 Sep 15 | 4,216 | -300 | 660 | 220 |
| 30 Jun 15 | 3,952 | -231 | 540 | 164 |
Quality Earnings: BRSL has high quality earnings.
Growing Profit Margin: BRSL's current net profit margins (2.3%) are higher than last year (0.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BRSL has become profitable over the past 5 years, growing earnings by 24.7% per year.
Accelerating Growth: BRSL's earnings growth over the past year (168.2%) exceeds its 5-year average (24.7% per year).
Earnings vs Industry: BRSL earnings growth over the past year (168.2%) exceeded the Hospitality industry 24.3%.
Return on Equity
High ROE: BRSL's Return on Equity (9%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 17:09 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Brightstar Lottery PLC is covered by 20 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Zachary Silverberg | Berenberg |
| Charlie Muir-Sands | BNP Paribas |