Company: BRSL
Filing Date: 2025-02-25
Form Type: 20-F
Source: 0001619762-25-000007
Chunk: 26

Company: Brightstar Lottery PLC
Filing Date: 2025-02-25
Form: 20-F
Item: Item 5
Chunk 26
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 period-to-period comparisons of our results without regard to the impact of fluctuating foreign currency exchange rates.

Legal Proceedings

From time to time, the Parent and/or one or more of its subsidiaries are party to legal, regulatory, or administrative proceedings regarding, among other matters, claims by and against us, and injunctions by third parties arising out of the ordinary course of business or its other business activities. Licenses are also subject to legal challenges by competitors seeking to annul awards made to the Company. The Parent and/or one or more of its subsidiaries are also, from time to time, subjects of, or parties to, ethics and compliance inquiries and investigations related to the Company’s ongoing operations.

There are no new material legal, regulatory, or administrative proceedings. Please refer to “ Process for Disclosure and Recording of Liabilities Related to Legal Proceedings” and“ Legal Proceedings” within “ Notes to the Consolidated Financial Statements - Note 2. Summary of Significant Accounting Policies”and “18. Commitments and Contingencies” included in “ Item 18. Financial Statements”, respectively, for additional information.

Results of Operations

Comparison of the years ended December 31, 2024 and 2023

Revenues and Key Performance Indicators

                                                          For the year ended December 31,                                              
                                                                                     2024                 2023                 Change  
  ($ in millions)                                                                       $                    $                      $  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Operating and facilities management contracts, net                                           2,307                2,305           2  
  Systems, software, and other                                                         55                   54                      2  
  Service revenue                                                                              2,363                2,358           4  
  Product sales                                                                       149                  171                   (22)  
  Total revenue                                                                                2,512                2,529        (17)  

Total revenue for the year ended December 31, 2024 decreased $17 million, due primarily to a decrease in U. S. multi-state jackpot activity and product sales, partially offset by an increase in instant ticket and draw-game same-store sales growth in Italy, as discussed in further detail below.

Table of Contents

                                              For the year ended December 31,             
  (% on a constant-currency basis)                                       2024       2023  
 ──────────────────────────────────────────────────────────────────────────────────────────
  Global same-store sales growth (%)