Brightstar Lottery (BRSL)
Market Price (7/6/2026): $11.27 | Market Cap: $2.1 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
Brightstar Lottery (BRSL)
Market Price (7/6/2026): $11.27Market Cap: $2.1 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 44%, Dividend Yield is 37%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 40% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28% Low stock price volatilityVol 12M is 30% Megatrend and thematic driversMegatrends include Markets & Betting, and Fintech & Digital Payments. Themes include Prediction Markets, and Digital Payments. | Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -121% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 135% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.2% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -20% |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 44%, Dividend Yield is 37%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 40% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28% |
| Low stock price volatilityVol 12M is 30% |
| Megatrend and thematic driversMegatrends include Markets & Betting, and Fintech & Digital Payments. Themes include Prediction Markets, and Digital Payments. |
| Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -121% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 135% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.2% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -20% |
Qualitative Assessment
AI Analysis | Feedback
Brightstar Lottery (BRSL) stock has lost about 10% since 3/31/2026 because of the following key factors:
1. Significant Miss in Fiscal Q1 2026 Earnings and Revenue.
Brightstar Lottery reported its fiscal Q1 2026 results on May 12, 2026, which fell significantly short of analyst expectations. The company announced earnings per share (EPS) of $0.14, missing estimates of $0.19 by 39%. Additionally, revenue reached $587 million, falling short of analyst estimates by $32.28 million. This substantial earnings and revenue miss directly led to a sharp stock decline, with shares plunging 9.55% on the day of the announcement.
2. Persistent Negative Institutional Investor Sentiment.
A notable trend of institutional investor outflows, primarily observed in fiscal Q4 2025, likely contributed to sustained selling pressure and a lack of investor confidence carrying into the period after March 31, 2026. During Q4 2025, 130 institutional investors decreased their positions, with prominent firms like LAZARD ASSET MANAGEMENT LLC removing 3,774,730 shares (an estimated $58.4 million) and NORGES BANK removing 2,300,632 shares (an estimated $35.6 million). This pre-existing bearish sentiment from a significant portion of institutional holders contributed to the stock's weakness in the subsequent quarter.
Show more
Brightstar Lottery (BRSL) stock has lost about 10% since 3/31/2026 because of the following key factors:
1. Significant Miss in Fiscal Q1 2026 Earnings and Revenue.
Brightstar Lottery reported its fiscal Q1 2026 results on May 12, 2026, which fell significantly short of analyst expectations. The company announced earnings per share (EPS) of $0.14, missing estimates of $0.19 by 39%. Additionally, revenue reached $587 million, falling short of analyst estimates by $32.28 million. This substantial earnings and revenue miss directly led to a sharp stock decline, with shares plunging 9.55% on the day of the announcement.
2. Persistent Negative Institutional Investor Sentiment.
A notable trend of institutional investor outflows, primarily observed in fiscal Q4 2025, likely contributed to sustained selling pressure and a lack of investor confidence carrying into the period after March 31, 2026. During Q4 2025, 130 institutional investors decreased their positions, with prominent firms like LAZARD ASSET MANAGEMENT LLC removing 3,774,730 shares (an estimated $58.4 million) and NORGES BANK removing 2,300,632 shares (an estimated $35.6 million). This pre-existing bearish sentiment from a significant portion of institutional holders contributed to the stock's weakness in the subsequent quarter.
3. Operational Headwinds from Inflationary Pressures and UK Market Transition.
Brightstar Lottery's fiscal Q1 2026 results highlighted operational challenges that negatively impacted the company's margins. Management specifically cited inflationary pressures on postage and freight costs, alongside expenses and adjustments related to the UK service contract transition, as factors affecting profitability. These company-specific headwinds contributed to the underperformance reflected in the earnings miss and consequently in the stock's decline.
Show less
Stock Movement Drivers
Fundamental Drivers
The -9.8% change in BRSL stock from 3/31/2026 to 7/5/2026 was primarily driven by a -16.4% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7052026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.48 | 11.26 | -9.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,510 | 2,514 | 0.2% |
| Net Income Margin (%) | 5.9% | 6.2% | 6.6% |
| P/E Multiple | 16.0 | 13.3 | -16.4% |
| Shares Outstanding (Mil) | 188 | 186 | 1.1% |
| Cumulative Contribution | -9.8% |
Market Drivers
3/31/2026 to 7/5/2026| Return | Correlation | |
|---|---|---|
| BRSL | -9.8% | |
| Market (SPY) | 14.5% | 21.3% |
| Sector (XLY) | 7.5% | 35.0% |
Fundamental Drivers
The -24.4% change in BRSL stock from 12/31/2025 to 7/5/2026 was primarily driven by a -48.8% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 7052026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.90 | 11.26 | -24.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,494 | 2,514 | 0.8% |
| Net Income Margin (%) | 12.2% | 6.2% | -48.8% |
| P/E Multiple | 9.6 | 13.3 | 39.6% |
| Shares Outstanding (Mil) | 195 | 186 | 4.8% |
| Cumulative Contribution | -24.4% |
Market Drivers
12/31/2025 to 7/5/2026| Return | Correlation | |
|---|---|---|
| BRSL | -24.4% | |
| Market (SPY) | 9.5% | 33.3% |
| Sector (XLY) | -1.7% | 42.9% |
Fundamental Drivers
The -8.9% change in BRSL stock from 6/30/2025 to 7/5/2026 was primarily driven by a -48.3% change in the company's Net Income Margin (%).| (LTM values as of) | 6302025 | 7052026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.36 | 11.26 | -8.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,434 | 2,514 | 3.3% |
| Net Income Margin (%) | 12.1% | 6.2% | -48.3% |
| P/E Multiple | 8.5 | 13.3 | 57.1% |
| Shares Outstanding (Mil) | 202 | 186 | 8.6% |
| Cumulative Contribution | -8.9% |
Market Drivers
6/30/2025 to 7/5/2026| Return | Correlation | |
|---|---|---|
| BRSL | -8.9% | |
| Market (SPY) | 21.6% | 33.0% |
| Sector (XLY) | 8.4% | 42.1% |
Fundamental Drivers
The -51.2% change in BRSL stock from 6/30/2023 to 7/5/2026 was primarily driven by a -36.6% change in the company's P/E Multiple.| (LTM values as of) | 6302023 | 7052026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.06 | 11.26 | -51.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,607 | 2,514 | -3.6% |
| Net Income Margin (%) | 8.4% | 6.2% | -25.7% |
| P/E Multiple | 21.1 | 13.3 | -36.6% |
| Shares Outstanding (Mil) | 200 | 186 | 7.5% |
| Cumulative Contribution | -51.2% |
Market Drivers
6/30/2023 to 7/5/2026| Return | Correlation | |
|---|---|---|
| BRSL | -51.2% | |
| Market (SPY) | 74.0% | 45.6% |
| Sector (XLY) | 41.1% | 47.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BRSL Return | 72% | -19% | 25% | -33% | 11% | -25% | -3% |
| Peers Return | 28% | -34% | 74% | 0% | 1% | -10% | 34% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| BRSL Win Rate | 58% | 33% | 67% | 33% | 50% | 29% | |
| Peers Win Rate | 53% | 39% | 61% | 50% | 69% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| BRSL Max Drawdown | -33% | -49% | -24% | -35% | -20% | -31% | |
| Peers Max Drawdown | -40% | -53% | -31% | -29% | -39% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: INSE, ACEL, DKNG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/2/2026 (YTD)
How Low Can It Go
| Event | BRSL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.1% | -18.8% |
| % Gain to Breakeven | 23.6% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -13.3% | -6.7% |
| % Gain to Breakeven | 15.4% | 7.1% |
| Time to Breakeven | 18 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -45.7% | -24.5% |
| % Gain to Breakeven | 84.2% | 32.4% |
| Time to Breakeven | 203 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -73.1% | -33.7% |
| % Gain to Breakeven | 272.2% | 50.9% |
| Time to Breakeven | 266 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -27.0% | -19.2% |
| % Gain to Breakeven | 37.1% | 23.8% |
| Time to Breakeven | 744 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -27.2% | -3.7% |
| % Gain to Breakeven | 37.4% | 3.9% |
| Time to Breakeven | 112 days | 6 days |
In The Past
Brightstar Lottery's stock fell -19.1% during the 2025 US Tariff Shock. Such a loss loss requires a 23.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | BRSL | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -45.7% | -24.5% |
| % Gain to Breakeven | 84.2% | 32.4% |
| Time to Breakeven | 203 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -73.1% | -33.7% |
| % Gain to Breakeven | 272.2% | 50.9% |
| Time to Breakeven | 266 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -27.0% | -19.2% |
| % Gain to Breakeven | 37.1% | 23.8% |
| Time to Breakeven | 744 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -27.2% | -3.7% |
| % Gain to Breakeven | 37.4% | 3.9% |
| Time to Breakeven | 112 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -33.0% | -12.2% |
| % Gain to Breakeven | 49.3% | 13.9% |
| Time to Breakeven | 110 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -21.2% | -6.8% |
| % Gain to Breakeven | 27.0% | 7.3% |
| Time to Breakeven | 25 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -26.5% | -0.2% |
| % Gain to Breakeven | 36.0% | 0.2% |
| Time to Breakeven | 78 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -25.5% | -17.9% |
| % Gain to Breakeven | 34.3% | 21.8% |
| Time to Breakeven | 595 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -28.3% | -15.4% |
| % Gain to Breakeven | 39.5% | 18.2% |
| Time to Breakeven | 1098 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -83.7% | -53.4% |
| % Gain to Breakeven | 514.4% | 114.4% |
| Time to Breakeven | 4620 days | 1085 days |
In The Past
Brightstar Lottery's stock fell -19.1% during the 2025 US Tariff Shock. Such a loss loss requires a 23.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Brightstar Lottery (BRSL)
Brightstar Lottery (BRSL) is a global provider of gaming technology products and services, operating across North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. The company structures its extensive operations into three core segments: Global Lottery, Global Gaming, and Digital & Betting.
In its Global Lottery segment, BRSL provides comprehensive services including the design, sale, and operation of point-of-sale machines for retailers, online lottery transaction processing systems, and the production and printing of instant ticket games. The Global Gaming segment focuses on designing, developing, and supplying cabinets, games, systems, and software for the gaming market, including casino management, customer relationship management, and server-based gaming systems, as well as video lottery terminals (VLTs) and their central systems and games.
The Digital & Betting segment offers a diverse portfolio of online gaming products such as blackjack, roulette, slot games, poker, and bingo, alongside social casino content and iGaming systems with advanced player account management and payment services. BRSL is also a prominent provider of sports betting technology and management services. Additionally, the company processes various commercial transactions, including prepaid cellular telephone recharges, bill payments, e-vouchers, electronic tax payments, and money transfer services, serving a broad spectrum of retailers and commercial entities globally.
AI Analysis | Feedback
Brightstar Lottery (BRSL) is like:
- The Microsoft or Oracle of the global gambling industry, powering the software, systems, and hardware for lotteries, casinos, and sportsbooks.
- A blend of Scientific Games and Fiserv, handling the technology for lottery tickets, casino games, digital betting, and transaction processing worldwide.
AI Analysis | Feedback
- Lottery Point-of-Sale Systems: Designs, sells, operates, and leases machines for managing lottery transactions and funds at retail locations.
- Online Lottery Processing Systems: Provides systems for conducting and processing online lottery transactions.
- Instant Lottery Ticket Production: Produces instant scratch-off lottery games and offers related printing services.
- Casino Gaming Hardware & Software: Develops and supplies physical cabinets, games, and management systems for land-based casinos.
- Video Lottery Terminals (VLTs): Offers VLT hardware, central systems, and a variety of VLT games for regulated gaming environments.
- Digital Casino & iGaming Solutions: Provides online casino games (slots, table games), social casino content, remote game servers, and iGaming platform solutions.
- Sports Betting Technology: Delivers technology and management services to facilitate sports betting operations.
- Commercial Transaction Processing: Processes various commercial transactions like prepaid recharges, bill payments, and money transfers through its extensive network.
AI Analysis | Feedback
Brightstar Lottery (BRSL) is described as International Game Technology PLC (IGT). Based on the provided company description, IGT primarily sells its products and services to other companies, making it a business-to-business (B2B) enterprise. Its major customers can be categorized as follows:
-
Governmental Lottery Authorities and Organizations: These are the entities responsible for operating and regulating state or national lotteries. IGT provides them with essential infrastructure, including point-of-sale machines, online lottery transaction processing systems, instant ticket games, and related printing services.
-
Casino and Gaming Operators: This category encompasses land-based casinos and other licensed venues that operate gaming machines. IGT supplies them with a full suite of products, including cabinets, games, systems, software for the gaming market, and comprehensive gaming management systems for casino and patron management, as well as Video Lottery Terminals (VLTs).
-
Digital/Online Gaming and Sports Betting Operators: These companies specialize in online gambling, social casinos, and sports betting platforms. IGT offers them a wide array of digital gaming products and services (such as blackjack, roulette, and slot games), remote game servers, iGaming systems, digital platforms, and sports betting solutions.
The provided background information describes the types of companies that are IGT's customers but does not list specific customer company names or their public symbols.
AI Analysis | Feedback
AI Analysis | Feedback
Vincent L. Sadusky, Chief Executive Officer
Mr. Sadusky has served as Chief Executive Officer of Brightstar Lottery since January 2022. He has also served on the Board of Directors since the company's formation, initially as an independent non-executive director and Chair of the Audit Committee before transitioning to the CEO role. Prior to the formation of Brightstar Lottery, Mr. Sadusky served on the International Game Technology Board of Directors from July 2010 to April 2015. He previously served as Chief Executive Officer and a member of the Board of Directors of Univision Communications Inc.
Massimiliano Chiara, Executive Vice President and Chief Financial Officer
Mr. Chiara has served on the Board, and as Chief Financial Officer, since April 2020. Before joining the Company, he served as Chief Financial Officer of CNH Industrial from September 2013 and also took on responsibilities as head of Mergers & Acquisitions for CNH Industrial from 2017. From 2009 to 2013, Mr. Chiara held various positions with Fiat Chrysler Automobiles (and its predecessors), including Chief Financial Officer and Head of Business Development in Latin America. He will continue as CFO and assume additional responsibilities for strategy and mergers and acquisitions, though he will not stand for re-election at the Company's next Annual General Meeting in May 2026.
Marco Sala, Executive Chair of the Board
Mr. Sala has served as the Executive Chair of the Board since January 2022, overseeing the Company's strategic direction. He was previously CEO of De Agostini S.p.A., Brightstar Lottery's controlling shareholder, from June 2022 to June 2025, and Chairman and CEO of DeA Capital S.p.A., from April 2022 to mid-July 2025. He continues to serve on the Boards of De Agostini S.p.A., B&D Holding S.p.A., and DeA Capital S.p.A. From April 2009 to April 2015, Mr. Sala served as CEO of GTECH S.p.A., a predecessor of both IGT and Brightstar Lottery. He also served as CEO of Buffetti and Head of the Business Directories Division for SEAT Pagine Gialle.
Renato Ascoli, Chief Executive Officer, Global Lottery
Mr. Ascoli is the Chief Executive Officer of Global Lottery, responsible for Global Lottery Sales and Operations, Global Lottery Product and Sales Development, and Global Lottery Technology and Support. He joined GTECH S.p.A., a predecessor to Brightstar Lottery, in 2006 as Director of the Gaming division. Prior to that, from 1992 to 2005, he worked for the national railway system Ferrovie dello Stato/Trenitalia in various leadership roles, including head of Administration, Budget, and Control of the Local Transport Division, head of Strategies, Planning, and Control of the Transport Area, and head of the Passengers Commercial Unit.
Robert Vincent, Chairperson, IGT Global Solutions Corporation
Mr. Vincent serves as Chairperson for the primary operating subsidiary of Brightstar Lottery's U.S. lottery business, IGT Global Solutions Corporation. In this role, he represents Brightstar Lottery in interactions with global customers, current and potential partners, and government officials.
AI Analysis | Feedback
AI Analysis | Feedback
The increasing consumer preference and market shift towards purely digital, mobile-native, and online-only gaming, sports betting, and lottery platforms poses a clear emerging threat. This trend can undermine the value and demand for the physical point-of-sale machines, instant tickets, video lottery terminals (VLTs), and traditional casino gaming systems that form a significant part of Brightstar Lottery's operations, potentially favoring companies with lighter physical footprints and more agile digital-first strategies.
AI Analysis | Feedback
AI Analysis | Feedback
Brightstar Lottery (symbol: BRSL) is expected to drive future revenue growth over the next 2-3 years through several key strategies, primarily focusing on its core lottery business as a pure-play global lottery company.
- Expansion of iLottery and Digital Solutions: Brightstar Lottery is experiencing strong growth in its iLottery business, with global iLottery wagers increasing significantly. The company is focused on expanding its digital offerings and solutions across various markets, indicating a strategic push towards digital transformation.
- Securing and Renewing Long-Term Contracts: A significant driver of stable and growing revenue for Brightstar Lottery is its ability to win new long-term contracts and extend existing ones with lottery authorities worldwide. Recent examples include securing the Italy Lotto license through 2034, multi-year instant ticket printing contracts, and agreements for new central gaming systems in various regions.
- Product Innovation and Game Content Development: Continuous investment in innovative game content and portfolio optimization strategies is crucial for driving sales of instant tickets and draw games globally. The company is actively developing and expanding new game offerings, such as its patented Cash Pop™ draw-based game and licensed omnichannel lottery games.
- Omnichannel Strategy and System Modernization: Brightstar Lottery is focusing on providing integrated retail-to-digital gaming solutions, including upgrading legacy systems to omnichannel stacks. This approach aims to enhance player experience and broaden the reach of its lottery content across both land-based and digital channels, as seen in ventures like the one in São Paulo State, Brazil.
- Strategic Focus as a Pure-Play Lottery Company: Following the divestiture of its Gaming & Digital business, Brightstar Lottery (operating as International Game Technology PLC's lottery segment) has sharpened its strategic focus on being a pure-play lottery technology leader. This allows for dedicated capital allocation and operational efficiency towards the resilient, annuity-like lottery business, supporting the growth of its core operations.
AI Analysis | Feedback
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Brightstar Lottery Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.02 |
| Mkt Cap | 1.6 |
| Rev LTM | 1,936 |
| Op Inc LTM | 77 |
| FCF LTM | 33 |
| FCF 3Y Avg | 165 |
| CFO LTM | 101 |
| CFO 3Y Avg | 274 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.9% |
| Rev Chg 3Y Avg | 5.0% |
| Rev Chg Q | 4.6% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Inc Chg LTM | 24.7% |
| Op Inc Chg 3Y Avg | 2.9% |
| Op Mgn LTM | 11.4% |
| Op Mgn 3Y Avg | 10.1% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 11.3% |
| CFO/Rev 3Y Avg | 13.8% |
| FCF/Rev LTM | 4.0% |
| FCF/Rev 3Y Avg | 4.5% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating and facilities management contracts | 2,530 | 2,506 | 2,494 | ||
| Product sales | 151 | 149 | 171 | ||
| Systems, software, and other | 54 | 55 | 54 | ||
| Upfront license fee amortization | -223 | -198 | -189 | ||
| Corporate and Other | 0 | ||||
| Global Gaming | 1,423 | 1,112 | |||
| Global Lottery | 2,593 | 2,812 | |||
| PlayDigital | 209 | 165 | |||
| Total | 2,512 | 2,512 | 2,530 | 4,225 | 4,089 |
| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Global Lottery | 913 | 909 | 1,088 | 642 | 697 |
| Global Gaming | 313 | 242 | 43 | -212 | 180 |
| PlayDigital | 65 | 50 | 33 | 6 | |
| Corporate and Other | -290 | -279 | -262 | -544 | -399 |
| Total | 1,001 | 922 | 902 | -108 | 478 |
| $ Mil | 2015 |
|---|---|
| North America Gaming and Interactive | 6,078 |
| International | 2,951 |
| Italy | 2,856 |
| North America Lottery | 2,476 |
| Corporate support expense | 754 |
| Total | 15,115 |
Price Behavior
| Market Price | $11.26 | |
| Market Cap ($ Bil) | 2.1 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -35.2% | |
| 50 Days | 200 Days | |
| DMA Price | $11.51 | $13.67 |
| DMA Trend | down | down |
| Distance from DMA | -2.2% | -17.6% |
| 3M | 1YR | |
| Volatility | 40.0% | 30.3% |
| Downside Capture | 116.76 | 85.32 |
| Upside Capture | 24.69 | 45.62 |
| Correlation (SPY) | 20.8% | 33.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.24 | 0.63 | 0.69 | 0.81 | 0.81 | 1.01 |
| Up Beta | -1.18 | -0.51 | 0.54 | 0.65 | 0.96 | 0.98 |
| Down Beta | 0.85 | 0.31 | 0.50 | 0.96 | 0.98 | 0.89 |
| Up Capture | 16% | 28% | 25% | 31% | 41% | 58% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 10 | 22 | 36 | 61 | 123 | 374 |
| Down Capture | 64% | 177% | 148% | 124% | 92% | 107% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 10 | 18 | 26 | 62 | 125 | 365 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRSL | |
|---|---|---|---|---|
| BRSL | -11.6% | 30.4% | -0.39 | - |
| Sector ETF (XLY) | 8.0% | 18.6% | 0.28 | 42.1% |
| Equity (SPY) | 21.7% | 12.5% | 1.29 | 33.3% |
| Gold (GLD) | 23.1% | 27.7% | 0.73 | 4.3% |
| Commodities (DBC) | 21.3% | 18.6% | 0.90 | -11.8% |
| Real Estate (VNQ) | 13.6% | 13.8% | 0.68 | 37.5% |
| Bitcoin (BTCUSD) | -42.0% | 42.7% | -1.15 | 16.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRSL | |
|---|---|---|---|---|
| BRSL | -7.2% | 43.5% | -0.04 | - |
| Sector ETF (XLY) | 6.6% | 23.9% | 0.24 | 54.0% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 53.3% |
| Gold (GLD) | 17.9% | 18.3% | 0.79 | 5.3% |
| Commodities (DBC) | 6.9% | 19.5% | 0.25 | 11.5% |
| Real Estate (VNQ) | 3.1% | 18.9% | 0.06 | 42.5% |
| Bitcoin (BTCUSD) | 12.2% | 53.8% | 0.41 | 21.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRSL | |
|---|---|---|---|---|
| BRSL | 0.2% | 52.4% | 0.21 | - |
| Sector ETF (XLY) | 12.7% | 22.1% | 0.53 | 51.1% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 51.1% |
| Gold (GLD) | 12.1% | 16.1% | 0.61 | 2.6% |
| Commodities (DBC) | 5.7% | 18.0% | 0.25 | 21.7% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 43.3% |
| Bitcoin (BTCUSD) | 59.0% | 66.2% | 0.99 | 13.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/12/2026 | 6-K |
| 12/31/2025 | 02/24/2026 | 20-F |
| 09/30/2025 | 11/04/2025 | 6-K |
| 06/30/2025 | 07/29/2025 | 6-K |
| 03/31/2025 | 05/13/2025 | 6-K |
| 12/31/2024 | 02/25/2025 | 20-F |
| 09/30/2024 | 11/12/2024 | 6-K |
| 06/30/2024 | 07/30/2024 | 6-K |
| 03/31/2024 | 05/14/2024 | 6-K |
| 12/31/2023 | 03/12/2024 | 20-F |
| 09/30/2023 | 10/31/2023 | 6-K |
| 06/30/2023 | 08/01/2023 | 6-K |
| 03/31/2023 | 05/09/2023 | 6-K |
| 12/31/2022 | 02/28/2023 | 20-F |
| 09/30/2022 | 11/08/2022 | 6-K |
| 06/30/2022 | 08/02/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/12/2026 | 6-K |
| 12/31/2025 | 02/24/2026 | 20-F |
| 09/30/2025 | 11/04/2025 | 6-K |
| 06/30/2025 | 07/29/2025 | 6-K |
| 03/31/2025 | 05/13/2025 | 6-K |
| 12/31/2024 | 02/25/2025 | 20-F |
| 09/30/2024 | 11/12/2024 | 6-K |
| 06/30/2024 | 07/30/2024 | 6-K |
| 03/31/2024 | 05/14/2024 | 6-K |
| 12/31/2023 | 03/12/2024 | 20-F |
| 09/30/2023 | 10/31/2023 | 6-K |
| 06/30/2023 | 08/01/2023 | 6-K |
| 03/31/2023 | 05/09/2023 | 6-K |
| 12/31/2022 | 02/28/2023 | 20-F |
| 09/30/2022 | 11/08/2022 | 6-K |
| 06/30/2022 | 08/02/2022 | 6-K |
| 03/31/2022 | 05/10/2022 | 6-K |
| 12/31/2021 | 03/03/2022 | 20-F |
| 09/30/2021 | 11/09/2021 | 6-K |
| 06/30/2021 | 08/03/2021 | 6-K |
| 03/31/2021 | 05/11/2021 | 6-K |
| 12/31/2020 | 03/02/2021 | 20-F |
| 09/30/2020 | 11/12/2020 | 6-K |
| 06/30/2020 | 08/06/2020 | 6-K |
| 03/31/2020 | 05/18/2020 | 6-K |
| 12/31/2019 | 03/03/2020 | 20-F |
| 09/30/2019 | 11/14/2019 | 6-K |
| 06/30/2019 | 09/06/2019 | 6-K |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Casinos & Gaming Resources |
| Casino.org News |
| Global Gaming Business |
| CDC Gaming Reports |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.