Brightstar (BRSL) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 24, 2026 astatine 8:54 AM CST 44 min read

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Tuesday, Feb. 24, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Vincent Sadusky

• Chief Financial Officer — Massimiliano Chiara

Vincent Sadusky: Pure play lottery leader. We strengthened our equilibrium sheet, improving leverage to the champion levels ever, secured the captious Italy Lotto license, and introduced a multiyear superior allocation strategy that some increases returns to shareholders and provides concern superior to money Brightstar Lottery’s maturation initiatives successful digital, halfway technology, geographic expansion, retail points of sale, and printing. We generated $2,500,000,000 successful gross supported by the diverseness of our planetary portfolio. Same-store income grew astir 4% for the quarter, and 2% for the year, underscoring the consistency and resilience of our planetary lottery operations. At the aforesaid time, we invested heavy successful our teams, our technology, and our processes, enhancing the organizational capabilities that volition enactment the adjacent decennary of growth.

Our OPTIMA programme delivered outgo reductions enabling funds to beryllium reallocated to maturation initiatives. $1,100,000,000 of EBITDA successful fiscal twelvemonth 2025 represents a 45% borderline adjacent arsenic we are investing for the agelong term. We besides produced astir $750,000,000 successful currency from operations earlier backing the archetypal 2 lottery licence payments, returned implicit $1,000,000,000 to shareholders done dividends and stock repurchases, and announced 2 consecutive dividend increases, including the caller quarterly payout of $0.23, which is simply a 15% summation from the humanities tally rate. These actions bespeak our assurance successful the strength, durability, and semipermanent maturation imaginable of our currency flows. 2026 volition beryllium different twelvemonth of concern successful respective semipermanent maturation initiatives.

In Italy, securing Lotto for the adjacent 9 years provides the accidental to execute a large integer enlargement crossed iLottery, iCasino, and sports betting, leveraging 1 of the largest retail networks successful the satellite with implicit 50,000 points of sale. This is an accidental to widen our reach, broaden our B2C capabilities, and bring caller integer experiences to 1 of the world’s astir established lottery markets.

Vincent Sadusky: We are besides investing successful our US retail footprint by adding caller points of sale, deploying self-service solutions, and partnering with nationalist retailers to grow lottery entree crossed the country. Internationally, 1 of the astir breathtaking developments is successful Sao Paulo. As the economical motor of Brazil and 1 of the largest planetary metropolitan regions, Sao Paulo represents a rare, large-market, full-service, caller lottery launch. We are gathering this concern from the crushed up, combining our technology, operational excellence, and crippled innovation to make a modern, scalable lottery ecosystem crossed some retail and integer channels.