Brightstar Lottery reports €544m third-quarter revenue for 2026
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Brightstar Lottery reported third-quarter 2026 revenue of €544m, down from €564.2m a year earlier. Adjusted EBITDA was more than €259m, compared with €263.7m, while its operating margin rose to 47.5% from 46.7%. In Italy, quarterly revenue was €186.5m, with the company citing higher amortisation linked to the new Lotto concession as a factor in the decline.
Brightstar Lottery's consolidated revenue fell to €544m in Q3 2026 from €564.2m a year earlier. Adjusted EBITDA was more than €259m, down from €263.7m a year earlier, while the operating margin rose to 47.5% from 46.7%, supported by higher product sales and operating efficiencies. Adjusted EBITDA for the first nine months rose 5% to more than €772m.
Italian revenue fell to €186.5m in the quarter from €230.5m a year earlier, with higher amortisation linked to the new Italian Lotto concession affecting the result. Quarterly amortisation of upfront licence payments in Italy rose to €88.8m from €47.5m in Q3 2025. Italian operating performance benefited from expanded B2C activity, although like-for-like sales of draw-based and instant lottery games fell slightly.
Brightstar chief executive Vince Sadusky said revenue and earnings were in line with expectations and that the company continued to invest in its contracts, technology and services. Chief financial officer Max Chiara said debt was within the company's target range and reiterated its commitment to returning capital to shareholders.