Brightstar Lottery Q2 2026 Earnings Recap

Brightstar's shares gained 11.8% post-earnings, driven by better-than-expected profitability, strong cash generation, and encouraging growth in key metrics including global same-store sales and iLottery wagering.

Key Takeaways

• Global same-store sales rose 1.5% in Q2, accelerating slightly from Q1, led primarily by stronger U.S. sales tied to multistate jackpots and instant/draw games.
• iLottery wagers increased 22% in the first half, with particularly strong growth in Italy (23%) and the U.S. (29%), supported by new digital offerings and expanded retail activation efforts.
• Cash generation was significant, funding $140 million in shareholder returns year-to-date as well as the final Italy Lotto license payment, while maintaining a solid balance sheet.
• Ongoing investments in Italy and Brazil digital and retail lottery expansions position Brightstar for revenue and profit inflection in the second half of the year.
• Adjusted EPS and cash flow multiples suggest a compelling valuation relative to dividend yield and growth outlook.