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BRSL · NYSE · Gambling, Resorts & Casinos

Brightstar Lottery (BRSL)

Runs lottery systems, concessions, digital games, and instant-ticket services for regulated markets.

$10.60
vs last close+0.31 (+3.06%)
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Brightstar LotteryBRSL
Consumer Discretionary

Supplies government lotteries with transaction systems, retail terminals, managed operations, iLottery platforms and games, and instant-ticket printing, while operating major Italian games under concession. Most revenue comes from long-term operating and facilities-management contracts, often through fees tied to wagers or ticket sales.

Runs lottery infrastructure and operations for government-sponsored programs across six continents. The portfolio spans central transaction systems, retail terminals, facilities management, iLottery platforms and games, instant-ticket design and printing, and related maintenance and marketing services. Its systems connect retailers with lottery authorities, reconcile transactions, and support both draw-based and instant games.

Combines business-to-business technology contracts with direct consumer-facing concession operations in Italy, including Lotto and Scratch & Win, while U.S. state lotteries form another core market. Revenue comes mainly from operating and facilities-management contracts, typically through fees linked to wagers or ticket sales. Awards are regulated, competitively bid, and finite, making contract renewal, system reliability, and compliance structural dependencies.

Company facts

CEOVincent L. Sadusky
ListedApr 7, 2015
ExchangeNYSE
HeadquartersLondon, UK
CountryUnited Kingdom
Employees5,815
CIK0001619762
ISINGB00BVG7F061

Market cap$1.89B
EPS (ttm)$0.9900
P/E (ttm)10.38
ROE28.8%
P/B2.23
P/S0.7651
Dividend yieldDiv yield8.85%
Beta0.90vs XLY 0.50

Price target$15.00+45.9%Average of 6 analysts
ConsensusBuy4 of 6 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 13, 2026JefferiesUpgrade
Rating: HoldTarget: —
Rating: BuyTarget: $16
Jul 1, 2026Deutsche BankInitiate
Rating: —Target: —
Rating: BuyTarget: $15
Jun 29, 2026Argus ResearchDowngrade
Rating: Buy
Rating: Hold
May 14, 2026SusquehannaReiterate
Rating: —Target: —
Rating: PositiveTarget: $15
May 14, 2026BNP ParibasTarget
Target: —
Target: $12.60

Next report
Nov 10, 26
estimated · in 49 days
EPS estimate
$0.04
Revenue estimate
$612.2M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.22$0.09$0.12$0.36$0.36$0.14$0.11Pending
Estimate$0.18$0.16$0.17$0.21$0.29$0.19$0.03$0.04
Surprise+22.5%−45.3%−29.4%+71.4%+24.1%−26.3%+230.0%—

RevenueReportedEstimate

Feb '25May '25Jul '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$651.0M$583.0M$631.0M$629.0M$668.0M$587.0M$584.0MPending
Estimate$655.0M$627.8M$622.6M$660.2M$615.9M$607.1M$592.9M$612.2M
Surprise−0.6%−7.1%+1.3%−4.7%+8.5%−3.3%−1.5%—
Estimate$0.04
ReportedDue Nov 10, 2026
Estimate$612.2M
ReportedDue Nov 10, 2026
View details

Debt to equity523.20%
Current ratio110.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$586.0M$652.0M$583.0M$630.0M$629.0M$668.0M$587.0M$584.0M
Net income$7.0M$218.0M$27.0M−$58.0M$117.0M$61.0M$37.0M$33.0M
Net margin1.2%33.4%4.6%0.0%18.6%9.1%6.3%5.7%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$110.0M$180.0M$138.0M$159.0M$183.0M$234.0M$127.0M$121.0M
YoY growth—−14.3%−37.0%−11.2%+66.4%+30.0%−8.0%−23.9%

Balance sheet, Jun 30, 2026Cash & short-term investments $558.0M · Total debt $4.43B · Total assets $8.04B · Shareholders' equity $846.0M

Revenue
$584.0M
Operating income
$121.0M
Net income
$33.0M
View details

Dividend yield
8.85%
Next ex-date
Nov 18, 26
estimated · in 57 days
Annual dividend
$0.91
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26
Dividend$0.20$0.20$0.20$0.20$0.22$0.23$0.23$0.23
Annual yield4.16%4.70%5.35%5.31%5.21%6.66%7.87%8.27%
Ex-dateNov 26Mar 11May 29Aug 12Nov 18Mar 10May 28Aug 18
Payment dateDec 10Mar 25Jun 12Aug 26Dec 2Mar 24Jun 11Sep 1
View details

Insiders2.00%3.67M shares
17 holders · as of Jul 16, 2026
Other98.00%180.01M shares
remainder

183.69M company shares as of Aug 25, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Lazard Asset Management LLCInstitution
5.48%10.06Mfiled Aug 14, 2026
Marco SalaInsiderdirector, officer: Executive Chair
0.90%1.65Mfiled Jul 16, 2026
Vincent L. SaduskyInsiderdirector, officer: Chief Executive Officer
0.24%449,356filed Jul 16, 2026
Massimiliano ChiaraInsiderofficer: Executive VP and CFO
0.16%290,502filed Jul 16, 2026
Renato AscoliInsiderofficer: CEO - Global Lottery
0.16%287,103filed Mar 13, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Compare

CompanyPriceChange
Brightstar Lottery$10.60+3.06%$1.89B10.417.20.8−7.5%
Allstate$230.80−4.97%$62.52B4.88.20.9−7.2%
Median4.88.20.9−7.2%