# EDGAR Filing Document

**Accession Number:** 0001619762
**File Stem:** 0001619762-25-000048
**Filing Date:** 2025-7
**Character Count:** 86936
**Document Hash:** 36dc6d96496c74b78eb3322a97e391ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001619762-25-000048.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001619762-25-000048

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 32

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brightstar Lottery PLC
- **CENTRAL INDEX KEY:** 0001619762
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 981193882
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36906
- **FILM NUMBER:** 251157467

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 10 FINSBURY SQUARE
- **STREET 2:** THIRD FLOOR
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** EC2A 1AF
- **BUSINESS PHONE:** 44 (0) 20 7535 3200

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 10 FINSBURY SQUARE
- **STREET 2:** THIRD FLOOR
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** EC2A 1AF

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** International Game Technology PLC
- **DATE OF NAME CHANGE:** 20150227

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Georgia Worldwide PLC
- **DATE OF NAME CHANGE:** 20141002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Georgia Worldwide, PLC
- **DATE OF NAME CHANGE:** 20140917

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE**

**SECURITIES EXCHANGE ACT OF 1934**

**For the month of July 2025**

**Commission File Number 001-36906**

**BRIGHTSTAR LOTTERY PLC**

(Translation of registrant's name into English)

**10 Finsbury Square, Third Floor**

**London, EC2A 1AF**

**United Kingdom**

(Address of principal executive offices)

---

| | | | |
|:---|:---|:---|:---|
| Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: | Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: | Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: | Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: |
| Form 20-F | ☒ | Form 40-F | ☐ |

---

------

**Second Quarter 2025 Results of Brightstar Lottery PLC** 

On July 29, 2025, Brightstar Lottery PLC (NYSE:BRSL) (the "**Company**") reported results for the quarter ended June 30, 2025.

On July 29, 2025, the Company also announced that the Board of Directors declared a quarterly cash dividend of $0.20 per share on its ordinary shares. The dividend is payable on August 26, 2025 to holders of record as of the close of business on August 12, 2025.

A copy of the news release relating to the above matters is set forth in Exhibit 99.1, which is being furnished herewith. In addition, a slide presentation relating to the results is set forth in Exhibit 99.2, which is being furnished herewith.

---

| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| <u>[99.1](igtq225earningspressrelease.htm)</u> | <u>[News Release "Brightstar Lottery PLC Reports Second Quarter 2025 Results" dated July 29, 2025](igtq225earningspressrelease.htm)</u> |
| <u>[99.2](q225earningsslidedeckfin.htm)</u> | <u>[Presentation "Brightstar Lottery PLC 2025 Q2 Earnings Report Period Ended June 30, 2025", dated July 29, 2025](q225earningsslidedeckfin.htm)</u> |

---

------

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| <u>[99.1](igtq225earningspressrelease.htm)</u> | <u>[News Release "Brightstar Lottery PLC Reports Second Quarter 2025 Results" dated July 29, 2025](igtq225earningspressrelease.htm)</u> |
| <u>[99.2](q225earningsslidedeckfin.htm)</u> | <u>[Presentation "Brightstar Lottery PLC 2025 Q2 Earnings Report Period Ended June 30, 2025", dated July 29, 2025](q225earningsslidedeckfin.htm)</u> |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Date: July 29, 2025 | **BRIGHTSTAR LOTTERY PLC** | **BRIGHTSTAR LOTTERY PLC** |
|  | By: | /s/ Pierfrancesco Boccia |
|  |  | Pierfrancesco Boccia |
|  |  | Corporate Secretary |

---

## Exhibit 99.1

![imagea.jpg](imagea.jpg)

**NEWS RELEASE**

**BRIGHTSTAR LOTTERY PLC REPORTS**

 **SECOND QUARTER 2025 RESULTS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• 2.6% global same-store sales growth in instant ticket and draw games and double-digit increase in product sales revenue; prior year comparisons impacted by ongoing multi-state jackpot and LMA dynamics**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Loss from continuing operations of $60 million includes $99 million non-cash impact of foreign currency translation and $21 million restructuring charge associated with upsized OPtiMa 3.0 cost reduction program**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Delivered Adjusted EBITDA of $274 million, demonstrating resilient profit despite incremental investments in the business and multi-state jackpot and LMA dynamics**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Strong financial condition with significant liquidity of $2.9 billion** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• 2025 Adjusted EBITDA outlook reaffirmed, cash flow improved**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Launching $250 million accelerated share repurchase program** 

**LONDON** – July 29, 2025 – Brightstar Lottery PLC ("Brightstar" or the "Company") (NYSE:BRSL) today reported financial results for the second quarter ended June 30, 2025. Today, at 8:00 a.m. EDT, management will host a conference call and webcast to present the results; access details are provided below.

"We achieved several important milestones over the last few months," said **Vince Sadusky, CEO of Brightstar**. "We secured the Italy Lotto license through November 2034, closed the sale of our Gaming & Digital business for $4 billion in cash, and announced plans to return significant capital to shareholders. With a singular focus on lottery and unmatched industry expertise, we are well positioned to create value for all stakeholders with our mission to elevate lotteries and inspire players around the world."

"Our second quarter results reflect sustained global demand for instant ticket and draw games," said **Max Chiara, CFO of Brightstar**. "We are investing in key initiatives to drive sustainable, long-term growth, while also delivering structural cost reductions to right-size the business. The Company's attractive profit profile and strong, predictable cash flows support our balanced approach to capital allocation."

------

**<u>Overview of Consolidated Second Quarter 2025 Results</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Quarter Ended | Quarter Ended | Y/Y Change | Constant Currency Change |
| **All amounts from continuing operations** | June 30, | June 30, | Y/Y Change | Constant Currency Change |
|  | 2025 | 2024 | Y/Y Change | Constant Currency Change |
| **($ in millions, except per share data)** |  |  |  |  |
| **<u>GAAP Financials:</u>** |  |  |  |  |
| **Revenue** | **631** | **613** | **3%** | **—%** |
| **Operating income** | **139** | **179** | **(22)%** | **(27)%** |
| ***Operating income margin*** | ***22.0%*** | ***29.2%*** |  |  |
| **Income from continuing operations** | **(60)** | **84** | **NA** |  |
| ***Income from continuing operations margin*** | ***(9.5)%*** | ***13.8%*** |  |  |
| **Earnings per share - diluted** | **$(0.47)** | **$0.21** | **NA** |  |
| **Net cash provided by operating activities** | **265** | **250** | **6%** |  |
| **Cash and cash equivalents** | **1309** | **374** | **250%** |  |
| **<u>Non-GAAP Financial Measures:</u>** |  |  |  |  |
| **Adjusted EBITDA** | **274** | **290** | **(5)%** | **(9)%** |
| ***Adjusted EBITDA margin*** | ***43.5%*** | ***47.3%*** |  |  |
| **Adjusted earnings per share - diluted** | **$0.12** | **$0.20** | **(41)%** |  |
| **Free cash flow** | **167** | **210** | **(21)%** |  |
| **Net debt** | **5240** | **5173** | **1%** |  |

---

Note: Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures, and other disclosures regarding non-GAAP financial measures, are provided at the end of this news release

------

**<u>Key Highlights</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Successful completion of Gaming & Digital sale for approximately $4.0 billion of net cash proceeds on July 1, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Secured several meaningful contract wins and extensions including a nine-year Lotto operator license in Italy, an eight-year contract in Missouri which includes a fully-integrated OMNIA™ retail and digital solution, and several multi-year instant ticket printing contract extensions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Expanding OPtiMa 3.0 cost reduction program to $50 million to right-size the business following the Gaming & Digital sale.

**<u>Second Quarter 2025 Financial Highlights</u>**

Second quarter revenue was $631 million, up 3% or stable at constant currency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Instant ticket & draw same-store sales increased across geographies with Italy increasing 3.7%, U.S. higher by 0.6%, and Rest of World climbing 8.4%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Product sales rose 59% on higher instant ticket printing and terminal sales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Foreign currency translation had a positive impact on growth.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Growth from the drivers above was partially offset by elevated U.S. multi-state jackpot activity and associated LMA incentives in the prior year.

Loss from continuing operations was $60 million compared to income from continuing operations of $84 million in the prior year period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Incurred a foreign exchange loss versus a foreign exchange gain in the prior year, primarily reflecting the non-cash impact of fluctuations in the EUR/USD exchange rate on debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating income was lower, driven by the high profit flow-through from elevated U.S. multi-state jackpot sales and associated LMA incentives in the prior year and restructuring charges related to the expanded OPtiMa 3.0 cost reduction program in the current year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Increased provision for income taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dynamics noted above were partially offset by reduced interest expense.

Adjusted EBITDA was $274 million compared to $290 million in the prior-year period, demonstrating resiliency despite incremental investments in the business and multi-state jackpot and LMA dynamics.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Prior year results include the high profit flow-through from elevated U.S. multi-state jackpot sales and associated LMA incentives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Selling, general, and administrative costs were modestly higher as ongoing investments in the business were partially offset by OPtiMa cost savings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Q2'25 period benefited from positive foreign currency translation.

Diluted loss per share from continuing operations was $0.47 compared to diluted earnings per share from continuing operations of $0.21 in the prior year. Adjusted diluted earnings per share from continuing operations was $0.12 compared to $0.20 in the prior year, primarily driven by lower operating income.

**<u>YTD 2025 Financial Highlights</u>**

Year-to-date revenue of $1.2 billion compares to $1.3 billion in the prior-year period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The decline was due to higher U.S. multi-state jackpot activity and associated LMA incentives in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Global instant ticket & draw same-store sales rose 1.2%.

Loss from continuing operations was $52 million compared to income from continuing operations of $200 million in the prior year period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lower operating income, primarily due to the items affecting Adjusted EBITDA as noted below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Foreign exchange loss versus foreign exchange gain in the prior year, primarily reflecting the non-cash impact of fluctuations in the EUR/USD exchange rate on debt.

------

Adjusted EBITDA of $524 million compares to $617 million in the prior-year, primarily driven by high profit flow-through from elevated U.S. multi-state jackpot sales and associated LMA incentives in the prior year, partially offset by positive foreign currency translation.

Diluted loss per share from continuing operations was $0.59 compared to diluted earnings per share from continuing operations of $0.56 in the prior year. Adjusted diluted earnings per share from continuing operations of $0.20 compares to $0.47 in the prior year primarily driven by lower operating income, partially offset by reductions in net interest and income tax expense.

Net debt was $5.2 billion compared to $4.8 billion at December 31, 2024. The increase was primarily driven by an approximate $340 million impact from fluctuations in the EUR/USD exchange rate. Net debt leverage was 3.0x pro forma for $2 billion debt reduction completed in July.

**<u>Cash and Liquidity Update</u>**

Total liquidity was $2.9 billion as of June 30, 2025 with $1.3 billion in unrestricted cash and $1.6 billion in additional borrowing capacity from undrawn credit facilities.

**<u>Other Developments</u>**

The Company plans to launch a $250 million accelerated share repurchase program (ASR) by entering into an accelerated share repurchase agreement with a counterparty bank. The Company plans to execute the ASR as part of its $500 million share repurchase authorization outlined below and in accordance with the share repurchase authorization provided by the Company's shareholders at the Company's 2025 Annual General Meeting. The Company has been informed by De Agostini S.p.A., that it does not intend to participate in the ASR.

The Company's Board of Directors declared a quarterly cash dividend of $0.20 per common share with a record date of August 12, 2025 and a payment date of August 26, 2025.

Completed the sale of the Gaming & Digital business on July 1, 2025. The Company received approximately $4.0 billion of net cash proceeds that are expected to be allocated in the following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $2.0 billion used to reduce debt (completed in July 2025).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Redeemed in whole the 4.125% Senior Secured U.S. Dollar Notes due April 2026 and the 3.500% Senior Secured Euro Notes due June 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Prepaid €300 million of the Term Loan Facilities due January 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ The remaining amount was allocated to prepay the Revolving Credit Facilities due July 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $1.1 billion to be returned to shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ The Company's Board of Directors declared a special cash dividend to common shareholders in the amount of $3.00 per share. The record date of the distribution was July 14, 2025, and it is payable July 29, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ In addition, the Board authorized a $500 million, two-year share repurchase program. The new authorization replaces the Company's existing share repurchase program.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $500 million to partially fund upcoming Italy Lotto license payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $400 million to be used for general corporate purposes.

The U.S. federal income tax consequences of distributions by the Company will depend, in part, on whether the Company has current or accumulated earnings and profits ("E&P"), as determined under U.S. federal income tax principles. Based on preliminary estimates, the Company does not expect to have current E&P for fiscal year 2025 or accumulated E&P from prior fiscal years that would offset the current year expected E&P deficit. Accordingly, the Company anticipates that the special dividend, the Q1 dividend paid on June 12, and any future dividends paid in the current fiscal year will be treated for U.S. income tax purposes as a non-taxable return of capital to the extent of a shareholder's basis in its shares,

------

and thereafter as capital gain, although no assurances can be provided because the determination of E&P is a full-year calculation which depends upon facts that are not known as of the date hereof.

**<u>FY'25 Outlook: Adjusted EBITDA Reaffirmed, Cash Flow Improved</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenue of approximately $2.50 billion; adjusting revenue down $50 million compared to the previous outlook to reflect a timing shift in product sales and increased amortization related to Italy Lotto upfront license fee (which is treated as contra-revenue).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA of approximately $1.10 billion, in line with the previous outlook as incremental benefit from foreign currency translation is offset by higher-than-expected U.S. multi-state jackpot and LMA impacts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net cash used in operating activities of approximately $275 million reflects a $75 million improvement versus the previous outlook driven by interest, income taxes, and other working capital items.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital expenditures of approximately $375 million, a $75 million improvement from the previous outlook to reflect timing shifts related to recent contract extensions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Increasing FY'25 EUR/USD assumption to 1.12.

**<u>Earnings Conference Call and Webcast</u>**

July 29, 2025, at 8:00 a.m. EDT

To register to participate in the conference call, or to listen to the live audio webcast, please visit the "Events Calendar" on Brightstar's Investor Relations website at www.brightstarlottery.com. A replay will be available on the website following the live event.

**<u>Comparability of Results</u>**

All figures presented in this news release are prepared under U.S. GAAP, unless noted otherwise. Amounts reported in millions are computed based on amounts in thousands. As a result, the sum of the components may not equal the total amount reported in millions due to rounding. Certain columns and rows within tables may not add due to the use of rounded numbers. Percentages and earnings per share amounts presented are calculated from the underlying unrounded amounts.

**<u>About Brightstar Lottery</u>**

Brightstar Lottery (NYSE:BRSL) is an innovative, forward-thinking global leader in lottery that builds on our renowned expertise in delivering secure technology and producing reliable, comprehensive solutions for our customers. As a premier pure play global lottery company, our best-in-class lottery operations, retail and digital solutions, and award-winning lottery games enable our customers to achieve their goals, fulfill player needs and distribute meaningful benefits to communities. Brightstar has a well-established local presence and is a trusted partner to governments and regulators around the world, creating value by adhering to the highest standards of service, integrity, and responsibility. Brightstar has approximately 6,000 employees. For more information, please visit www.brightstarlottery.com.

**<u>Cautionary Statement Regarding Forward-Looking Statements</u>**

This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning Brightstar Lottery PLC and its consolidated subsidiaries (the "Company") and other matters. These statements may discuss goals, intentions, and expectations as to future plans and strategies, expected growth, transactions, including the impacts on the Company of the sale of the Gaming & Digital business to a holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) and the calculation of gain on sale and use of net proceeds therefrom, trends, events, products and services, customer relationships, dividends, results of operations, and/or financial condition or measures, including our expectations on future revenue, operating income, Adjusted EBITDA, cash from and used in operations, capital expenditures, FY'25 EUR/USD assumption, share repurchases, and any other future financial performance guidance for continuing operations, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan,"

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"could," "would," "should," "shall," "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "outlook," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) macroeconomic, regulatory and political uncertainty, including as a result of new or increased tariffs, trade wars, and other restrictions on trade between or among countries in which the Company operates, and related changes in discretionary consumer spending and behavior, fluctuations in foreign currency exchange rates, changes in prevailing interest rates, changing inflation rates, impacts from increased U.S. national deficits, and the other factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2024 and other documents filed or furnished from time to time with the SEC, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.brightstarlottery.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that may affect the Company's business, including management's discussion and analysis of potential or actual impacts to operations and financial performance. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that the financial performance of Brightstar Lottery PLC for the current or any future financial years will necessarily match or exceed the historical published financial performance of Brightstar Lottery PLC, as applicable. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to Brightstar Lottery PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

**<u>Non-GAAP Financial Measures</u>**

Management supplements the reporting of financial information, determined under GAAP, with certain non-GAAP financial information. Management believes the non-GAAP information presented provides investors with additional useful information, but it is not intended to, nor should it be considered in isolation or as a substitute for the related GAAP measures. Moreover, other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. The Company encourages investors to review its financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.

Adjusted EBITDA represents net income (loss) from continuing operations (a GAAP measure) before income taxes, interest expense, net, foreign exchange gain (loss), net, other non-operating expenses (e.g., gains/losses on extinguishment and modifications of debt, etc.), net, depreciation, impairment losses, amortization (service revenue, purchase accounting, and non-purchase accounting), restructuring expenses, stock-based compensation, litigation expense (income), and certain other non-recurring items. Other non-recurring items are infrequent in nature and are not reflective of ongoing operational activities.

Adjusted EBITDA margin represents Adjusted EBITDA divided by revenue.

Adjusted EPS represents diluted earnings per share (a GAAP measure), excluding the effects of foreign exchange, impairments, amortization from purchase accounting, discrete tax items, and other significant non-recurring adjustments that are not reflective of on-going operational activities (e.g., gains/losses on sale of business, gains/losses on extinguishment and modifications of debt, etc.). Adjusted EPS is calculated using diluted weighted-average number of shares outstanding, including the impact of any potentially dilutive common stock equivalents that are anti-dilutive to GAAP net income (loss) per share but dilutive to Adjusted EPS. Management believes that Adjusted EPS is useful in providing period-to-period comparisons of the results of the Company's ongoing operational performance.

------

Net debt is a non-GAAP financial measure that represents debt (a GAAP measure, calculated as long-term obligations plus short-term borrowings) minus capitalized debt issuance costs and cash and cash equivalents, including cash and cash equivalents classified as held for sale. Cash and cash equivalents, including cash and cash equivalents held for sale, are subtracted from the GAAP measure because they could be used to reduce the Company's debt obligations. Management believes that net debt is a useful measure to monitor leverage and evaluate the balance sheet.

Net debt leverage is a non-GAAP financial measure that represents the ratio of Net debt as of a particular balance sheet date to Adjusted EBITDA for the last twelve months ("LTM") prior to such date. Management believes that net debt leverage is a useful measure to assess Brightstar's financial strength and ability to incur incremental indebtedness when making key investment decisions.

Free cash flow is a non-GAAP financial measure that represents cash flow from operations (a GAAP measure) less capital expenditures. Management believes free cash flow is a useful measure of liquidity and an additional basis for assessing Brightstar's ability to fund its activities, including debt service and distribution of earnings to shareholders.

Constant currency is a non-GAAP adjustment to certain financial measures that expresses current financial data using the prior-year/period exchange rate (i.e., the exchange rate used in preparing the financial statements for the prior year). Management believes that constant currency is a useful measure to compare period-to-period results without regard to the impact of fluctuating foreign currency exchange rates.

A reconciliation of the non-GAAP measures to the corresponding amounts prepared in accordance with GAAP appears in the tables in this release. The tables provide additional information as to the items and amounts that have been excluded from the adjusted measures.

The Company provides guidance of select information related to its financial and operating performance, and such measures may differ from year to year. The guidance is only an estimate of what the Company believes is realizable as of the date of this release. Actual results will vary from the guidance and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.

A reconciliation of the Company's forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort. This is due to the inherent difficulty of accurately forecasting the occurrence and financial impact of the adjusting items necessary for such a reconciliation to be prepared, for example, the provision for income taxes or net foreign exchange gain/loss, as such items have not yet occurred, are out of the Company's control, or cannot be reasonably predicted.

**<u>Contact</u>**

Mike DeAngelis, Corporate Communications, +1 (401) 392-1000, mike.deangelis@brightstarlottery.com

Matteo Selva, Italian media inquiries, +39 366 6803635

James Hurley, Investor Relations, +1 (401) 392-7190

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**<u>Select Performance and KPI data</u>** ($ in millions, unless otherwise noted)

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Q2'25** | **Q2'24** | | |
| **<u>Revenue</u>** | **Q2'25** | **Q2'24** |<br>**Y/Y**<br>**Change** | **Constant**<br>**Currency**<br>**Change**<sup>(1)</sup> |
| &nbsp;&nbsp;**Service** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Instant ticket & draw wager-based revenue | 516 | 487 | 6% | 2% |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. multi-state jackpot wager-based revenue | 15 | 23 | (35)% | (35)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Upfront license fee amortization | (53) | (49) | (6)% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 110 | 126 | (13)% | (15)% |
| &nbsp;&nbsp;**Total service revenue** | **588** | **586** | **—%** | **(3)%** |
| &nbsp;&nbsp;**Product sales** | **42** | **27** | **59%** | **55%** |
| **Total revenue** | **631** | **613** | **3%** | **—%** |
| **Income from continuing operations** | **(60)** | **84** | **NA** |  |
| **Operating income** | **139** | **179** | **(22)%** | **(27)%** |
| **Adjusted EBITDA**<sup>(1)</sup> | **274** | **290** | **(5)%** | **(9)%** |
| **<u>Same-store sales growth (%) at constant currency (wager-based growth)</u>** <sup>(2)</sup> | **<u>Same-store sales growth (%) at constant currency (wager-based growth)</u>** <sup>(2)</sup> | **<u>Same-store sales growth (%) at constant currency (wager-based growth)</u>** <sup>(2)</sup> | **<u>Same-store sales growth (%) at constant currency (wager-based growth)</u>** <sup>(2)</sup> | **<u>Same-store sales growth (%) at constant currency (wager-based growth)</u>** <sup>(2)</sup> |
| **Global** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Instant ticket & draw games | 2.6% | (0.2%) |  |  |
| &nbsp;&nbsp;&nbsp;U.S. multi-state jackpots | (34.5%) | 22.5% |  |  |
| **Total** | **0.3%** | **0.9%** |  |  |
| **U.S.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Instant ticket & draw games | 0.6% | (1.9%) |  |  |
| &nbsp;&nbsp;&nbsp;U.S. multi-state jackpots | (34.5%) | 22.5% |  |  |
| **Total** | **(2.7** **%)** | **— %** |  |  |
| **Italy** |  |  |  |  |
| &nbsp;&nbsp;**Instant ticket & draw games** | **3.7%** | **2.3%** |  |  |
| **Rest of world** |  |  |  |  |
| &nbsp;&nbsp;**Instant ticket & draw games** | **8.4%** | **3.0%** |  |  |
| <sup>(1)</sup> *Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details* | <sup>(1)</sup> *Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details* | <sup>(1)</sup> *Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details* | <sup>(1)</sup> *Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details* | <sup>(1)</sup> *Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details* |
| <sup>(2)</sup> *Same-store sales represents the change in wagers recorded in lottery jurisdictions where Brightstar is the operator or facilities management supplier, using the same lottery jurisdictions and perimeter for comparisons between periods* | <sup>(2)</sup> *Same-store sales represents the change in wagers recorded in lottery jurisdictions where Brightstar is the operator or facilities management supplier, using the same lottery jurisdictions and perimeter for comparisons between periods* | <sup>(2)</sup> *Same-store sales represents the change in wagers recorded in lottery jurisdictions where Brightstar is the operator or facilities management supplier, using the same lottery jurisdictions and perimeter for comparisons between periods* | <sup>(2)</sup> *Same-store sales represents the change in wagers recorded in lottery jurisdictions where Brightstar is the operator or facilities management supplier, using the same lottery jurisdictions and perimeter for comparisons between periods* | <sup>(2)</sup> *Same-store sales represents the change in wagers recorded in lottery jurisdictions where Brightstar is the operator or facilities management supplier, using the same lottery jurisdictions and perimeter for comparisons between periods* |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Q2'25** | **Q2'24** | | |
| | **Q2'25** | **Q2'24** |<br>**Y/Y**<br>**Change** | **Constant**<br>**Currency**<br>**Change**<sup>(1)</sup> |
| **<u>Same-store revenue growth (%) at constant currency (Same-store sales inclusive of contract mix)</u>** <sup>(2)</sup> | **<u>Same-store revenue growth (%) at constant currency (Same-store sales inclusive of contract mix)</u>** <sup>(2)</sup> | **<u>Same-store revenue growth (%) at constant currency (Same-store sales inclusive of contract mix)</u>** <sup>(2)</sup> | **<u>Same-store revenue growth (%) at constant currency (Same-store sales inclusive of contract mix)</u>** <sup>(2)</sup> | **<u>Same-store revenue growth (%) at constant currency (Same-store sales inclusive of contract mix)</u>** <sup>(2)</sup> |
| **Global** | | | | |
| &nbsp;&nbsp;Instant ticket & draw games | 2.5% | 0.6% |  |  |
| &nbsp;&nbsp;U.S. multi-state jackpots | (34.9)% | 21.4% |  |  |
| **Total** | **0.9%** | **1.4%** |  |  |
| **U.S.** |  |  |  |  |
| &nbsp;&nbsp;Instant ticket & draw games | (0.6)% | (1.7)% |  |  |
| &nbsp;&nbsp;U.S. multi-state jackpots | (34.9)% | 21.4% |  |  |
| **Total** | **(4.3)%** | **0.4%** |  |  |
| **Italy** |  |  |  |  |
| &nbsp;&nbsp;Instant ticket & draw games | **3.6%** | **2.2%** |  |  |
| **Rest of world** |  |  |  |  |
| &nbsp;&nbsp;Instant ticket & draw games | **9.1%** | **1.1%** |  |  |
| **<u>Revenue (by geography)</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;U.S. & Canada | 293 | 306 | (4)% | (4)% |
| &nbsp;&nbsp;&nbsp;Italy | 259 | 234 | 10% | 4% |
| &nbsp;&nbsp;&nbsp;Rest of world | 79 | 72 | 9% | 2% |
| **Total revenue** | **631** | **613** | **3%** | **—%** |
| <sup>(1)</sup> *Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details* | <sup>(1)</sup> *Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details* | <sup>(1)</sup> *Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details* | <sup>(1)</sup> *Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details* | <sup>(1)</sup> *Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details* |
| <sup>(2)</sup> *Same-store revenue represents the change in same-store sales net of contract mix* | <sup>(2)</sup> *Same-store revenue represents the change in same-store sales net of contract mix* | <sup>(2)</sup> *Same-store revenue represents the change in same-store sales net of contract mix* | <sup>(2)</sup> *Same-store revenue represents the change in same-store sales net of contract mix* | <sup>(2)</sup> *Same-store revenue represents the change in same-store sales net of contract mix* |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Brightstar Lottery PLC** | **Brightstar Lottery PLC** | **Brightstar Lottery PLC** | **Brightstar Lottery PLC** | **Brightstar Lottery PLC** |
| **Consolidated Statements of Operations** | **Consolidated Statements of Operations** | **Consolidated Statements of Operations** | **Consolidated Statements of Operations** | **Consolidated Statements of Operations** |
| ***($ and shares in millions, except per share amounts)*** | ***($ and shares in millions, except per share amounts)*** | ***($ and shares in millions, except per share amounts)*** | ***($ and shares in millions, except per share amounts)*** | ***($ and shares in millions, except per share amounts)*** |
| ***Unaudited*** | ***Unaudited*** | ***Unaudited*** | ***Unaudited*** | ***Unaudited*** |
|  | For the three months ended | For the three months ended | For the six months ended | For the six months ended |
|  | June 30, | June 30, | June 30, | June 30, |
|  | 2025 | 2024 | 2025 | 2024 |
| Service revenue | 588 | 586 | 1146 | 1205 |
| Product sales | 42 | 27 | 68 | 69 |
| **Total revenue** | **631** | **613** | **1214** | **1274** |
| Cost of services | 321 | 304 | 626 | 608 |
| Cost of product sales | 35 | 22 | 57 | 48 |
| Selling, general and administrative | 100 | 96 | 204 | 198 |
| Research and development | 12 | 11 | 23 | 22 |
| Restructuring | 21 |  | 21 |  |
| Other operating expense, net | 3 | 1 | 5 | 1 |
| **Total operating expenses** | **492** | **434** | **937** | **877** |
| **Operating income** | **139** | **179** | **277** | **397** |
| Interest expense, net | 49 | 53 | 94 | 106 |
| Foreign exchange loss (gain), net | 99 | (4) | 131 | (16) |
| Other non-operating expense, net | 2 | 3 | 5 | 7 |
| **Total non-operating expenses** | **149** | **52** | **231** | **97** |
| (Loss) income from continuing operations before provision for income taxes | (10) | 127 | 46 | 300 |
| Provision for income taxes | 50 | 43 | 97 | 100 |
| **(Loss) income from continuing operations** | **(60)** | **84** | **(52)** | **200** |
| Income from discontinued operations, net of tax | 40 |  | 92 | 13 |
| **Net (loss) income** | **(20)** | **85** | **40** | **213** |
| Less: Net income attributable to non-controlling interests from continuing operations | 36 | 41 | 67 | 86 |
| Less: Net income attributable to non-controlling interests from discontinued operations | 2 | 2 | 4 | 3 |
| **Net (loss) income attributable to Brightstar Lottery PLC** | **(58)** | **42** | **(31)** | **123** |
| **Net (loss) income from continuing operations attributable to Brightstar Lottery PLC per common share - basic** | (0.47) | 0.21 | (0.59) | 0.57 |
| **Net (loss) income from continuing operations attributable to Brightstar Lottery PLC per common share - diluted** | (0.47) | 0.21 | (0.59) | 0.56 |
| **Net (loss) income attributable to Brightstar Lottery PLC per common share - basic** | (0.29) | 0.21 | (0.15) | 0.61 |
| **Net (loss) income attributable to Brightstar Lottery PLC per common share - diluted** | (0.29) | 0.21 | (0.15) | 0.61 |
| **Weighted-average shares - basic** | 203 | 201 | 203 | 201 |
| **Weighted-average shares - diluted** | 203 | 203 | 203 | 203 |

---

------

---

| | | |
|:---|:---|:---|
| **Brightstar Lottery PLC** | **Brightstar Lottery PLC** | **Brightstar Lottery PLC** |
| **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** |
| ***($ in millions)*** | ***($ in millions)*** | ***($ in millions)*** |
| ***Unaudited*** | ***Unaudited*** | ***Unaudited*** |
|  | June 30, | December 31, |
|  | 2025 | 2024 |
| **Assets** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | 1309 | 584 |
| &nbsp;&nbsp;&nbsp;Restricted cash and cash equivalents | 92 | 120 |
| &nbsp;&nbsp;&nbsp;Trade and other receivables, net | 428 | 468 |
| &nbsp;&nbsp;&nbsp;Inventories, net | 117 | 113 |
| &nbsp;&nbsp;&nbsp;Other current assets | 153 | 114 |
| &nbsp;&nbsp;&nbsp;Assets held for sale | 4957 | 4765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current assets** | **7057** | **6165** |
| &nbsp;&nbsp;&nbsp;Systems, equipment and other assets related to contracts, net | 637 | 581 |
| &nbsp;&nbsp;&nbsp;Property, plant and equipment, net | 86 | 85 |
| &nbsp;&nbsp;&nbsp;Operating lease right-of-use assets | 99 | 102 |
| &nbsp;&nbsp;&nbsp;Goodwill | 2706 | 2650 |
| &nbsp;&nbsp;&nbsp;Intangible assets, net | 90 | 89 |
| &nbsp;&nbsp;&nbsp;Other non-current assets | 563 | 606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total non-current assets** | **4182** | **4113** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | **11238** | **10278** |
| **Liabilities and shareholders' equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | 680 | 718 |
| &nbsp;&nbsp;&nbsp;Current portion of long-term debt | 1861 | 208 |
| &nbsp;&nbsp;&nbsp;Other current liabilities | 605 | 619 |
| &nbsp;&nbsp;&nbsp;Liabilities held for sale | 981 | 1142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current liabilities** | **4126** | **2687** |
| &nbsp;&nbsp;&nbsp;Long-term debt, less current portion | 4688 | 5153 |
| &nbsp;&nbsp;&nbsp;Deferred income taxes | 206 | 170 |
| &nbsp;&nbsp;&nbsp;Operating lease liabilities | 79 | 83 |
| &nbsp;&nbsp;&nbsp;Other non-current liabilities | 126 | 125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total non-current liabilities** | **5100** | **5530** |
| **Total liabilities** | **9226** | **8217** |
| **Commitments and contingencies** |  |  |
| &nbsp;&nbsp;&nbsp;Brightstar Lottery PLC's shareholders' equity | 1531 | 1652 |
| &nbsp;&nbsp;&nbsp;Non-controlling interests | 481 | 409 |
| **Shareholders' equity** | **2012** | **2061** |
| **Total liabilities and shareholders' equity** | **11238** | **10278** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Brightstar Lottery PLC** | **Brightstar Lottery PLC** | **Brightstar Lottery PLC** | **Brightstar Lottery PLC** | **Brightstar Lottery PLC** |
| **Consolidated Statements of Cash Flows** | **Consolidated Statements of Cash Flows** | **Consolidated Statements of Cash Flows** | **Consolidated Statements of Cash Flows** | **Consolidated Statements of Cash Flows** |
| ***($ in millions)*** | ***($ in millions)*** | ***($ in millions)*** | ***($ in millions)*** | ***($ in millions)*** |
| ***Unaudited*** | ***Unaudited*** | ***Unaudited*** | ***Unaudited*** | ***Unaudited*** |
|  | For the three months ended | For the three months ended | For the six months ended | For the six months ended |
|  | June 30, | June 30, | June 30, | June 30, |
|  | 2025 | 2024 | 2025 | 2024 |
| **Cash flows from operating activities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income | (20) | 85 | 40 | 213 |
| &nbsp;&nbsp;&nbsp;Less: Income from discontinued operations, net of tax | 40 |  | 92 | 13 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income to net cash provided by operating activities from continuing operations: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange loss (gain), net | 99 | (4) | 131 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of upfront license fees | 53 | 49 | 101 | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 45 | 43 | 90 | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 9 | 8 | 18 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 5 | 9 | 12 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | (6) | 5 | (24) | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-cash items, net | 10 | 3 | 16 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities, excluding the effects of dispositions: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade and other receivables | 27 | 64 | 78 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | (8) | (4) | (6) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (23) | (44) | (77) | (69) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued interest payable | 32 | 27 | 7 | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued income taxes | 33 | 2 | 89 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets and liabilities | 48 | 8 | 49 | (45) |
| **Net cash provided by operating activities from continuing operations** | **265** | **250** | **433** | **315** |
| **Net cash provided by operating activities from discontinued operations** | **45** | **93** | **101** | **148** |
| **Net cash provided by operating activities** | **310** | **343** | **534** | **463** |
| **Cash flows from investing activities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital expenditures | (98) | (40) | (174) | (74) |
| &nbsp;&nbsp;&nbsp;Other | 1 | 1 | (1) | (2) |
| **Net cash used in investing activities from continuing operations** | **(97)** | **(39)** | **(175)** | **(76)** |
| **Net cash used in investing activities from discontinued operations** | **(46)** | **(58)** | **(85)** | **(104)** |
| **Net cash used in investing activities** | **(143)** | **(97)** | **(260)** | **(180)** |
| **Cash flows from financing activities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from long-term debt | 572 |  | 1112 |  |
| &nbsp;&nbsp;&nbsp;Net repayments of Revolving Credit Facilities | 24 | 35 | (105) | (37) |
| &nbsp;&nbsp;&nbsp;Principal payments on long-term debt |  |  | (208) |  |
| &nbsp;&nbsp;&nbsp;Net payments of short-term borrowings |  | (6) |  | (16) |
| &nbsp;&nbsp;&nbsp;Net payments on financial liabilities | (3) | (1) | (81) | (64) |
| &nbsp;&nbsp;&nbsp;Dividends paid | (41) | (80) | (81) | (80) |
| &nbsp;&nbsp;&nbsp;Dividends paid - non-controlling interests | (152) | (59) | (163) | (159) |
| &nbsp;&nbsp;&nbsp;Return of capital - non-controlling interests | (47) | (35) | (47) | (45) |
| &nbsp;&nbsp;&nbsp;Capital increase - non-controlling interests | 176 |  | 178 | 2 |
| &nbsp;&nbsp;&nbsp;Other | (2) | (12) | (23) | (14) |
| **Net cash provided by (used in) financing activities from continuing operations** | **527** | **(159)** | **581** | **(413)** |
| **Net cash used in financing activities from discontinued operations** | **(10)** | **(11)** | **(143)** | **(20)** |
| **Net cash provided by (used in) financing activities** | **517** | **(170)** | **438** | **(433)** |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | 684 | 76 | 712 | (149) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | 39 | (14) | 58 | (31) |
| Cash and cash equivalents and restricted cash and cash equivalents at the beginning of the period | 823 | 497 | 775 | 739 |
| Cash and cash equivalents and restricted cash and cash equivalents at the end of the period | 1546 | 559 | 1546 | 559 |
| Less: Cash and cash equivalents and restricted cash and cash equivalents of discontinued operations | 144 | 86 | 144 | 86 |
| Cash and cash equivalents and restricted cash and cash equivalents at the end of the period of continuing operations | 1401 | 473 | 1401 | 473 |
| **Supplemental disclosures of cash flow information for continuing operations:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest paid | 17 | 25 | 89 | 117 |
| &nbsp;&nbsp;&nbsp;Income taxes paid | 22 | 36 | 32 | 82 |

---

------

---

| | | |
|:---|:---|:---|
| **Brightstar Lottery PLC** | **Brightstar Lottery PLC** | **Brightstar Lottery PLC** |
| **Net Debt** | **Net Debt** | **Net Debt** |
| ***($ in millions)*** | ***($ in millions)*** | ***($ in millions)*** |
| ***Unaudited*** | ***Unaudited*** | ***Unaudited*** |
|  | June 30, | December 31, |
|  | 2025 | 2024 |
| 4.125% Senior Secured U.S. Dollar Notes due April 2026 |  | 748 |
| 3.500% Senior Secured Euro Notes due June 2026 |  | 777 |
| 6.250% Senior Secured U.S. Dollar Notes due January 2027 | 748 | 748 |
| 2.375% Senior Secured Euro Notes due April 2028 | 584 | 517 |
| 5.250% Senior Secured U.S. Dollar Notes due January 2029 | 747 | 746 |
| 4.250% Senior Secured Euro Notes due March 2030 | 579 | 513 |
| **Senior Secured Notes** | **2658** | **4050** |
| Euro Term Loan Facilities due January 2027 | 465 | 619 |
| Euro Term Loan Facilities due September 2030 | 1166 |  |
| Revolving Credit Facility A due July 2027 | 370 | 157 |
| Revolving Credit Facility B due July 2027 | 30 | 328 |
| **Long-term debt, less current portion** | **4688** | **5153** |
| 4.125% Senior Secured U.S. Dollar Notes due April 2026 | 749 |  |
| 3.500% Senior Secured Euro Notes due June 2026 | 878 |  |
| Euro Term Loan Facilities due January 2027 | 234 | 208 |
| **Current portion of long-term debt** | **1861** | **208** |
| **Total debt** | **6549** | **5361** |
| Less: Cash and cash equivalents | 1309 | 584 |
| **Net debt** | **5240** | **4777** |
| Note: Net debt is a non-GAAP financial measure |  |  |

---

------

**Brightstar Lottery PLC**

**Reconciliation of Non-GAAP Financial Measures**

*(Unaudited, $ in millions)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | For the three months ended June 30, | For the three months ended June 30, | For the six months ended June 30, | For the six months ended June 30, |
| | 2025 | 2024 | 2025 | 2024 |
| (Loss) income from continuing operations | (60) | 84 | (52) | 200 |
| &nbsp;&nbsp;&nbsp;Provision for income taxes | 50 | 43 | 97 | 100 |
| &nbsp;&nbsp;&nbsp;Interest expense, net | 49 | 53 | 94 | 106 |
| &nbsp;&nbsp;&nbsp;Foreign exchange loss (gain), net | 99 | (4) | 131 | (16) |
| &nbsp;&nbsp;&nbsp;Other non-operating expense, net | 2 | 3 | 5 | 7 |
| Operating income | 139 | 179 | 277 | 397 |
| &nbsp;&nbsp;&nbsp;Depreciation | 45 | 43 | 90 | 84 |
| &nbsp;&nbsp;Amortization - service revenue <sup>(1)</sup> | 53 | 49 | 101 | 99 |
| &nbsp;&nbsp;&nbsp;Amortization - non-purchase accounting | 7 | 6 | 14 | 11 |
| &nbsp;&nbsp;&nbsp;Amortization - purchase accounting | 2 | 2 | 4 | 5 |
| &nbsp;&nbsp;&nbsp;Restructuring | 21 |  | 21 |  |
| &nbsp;&nbsp;&nbsp;Stock-based compensation | 5 | 9 | 12 | 18 |
| &nbsp;&nbsp;&nbsp;Other | 3 | 1 | 5 | 1 |
| **Adjusted EBITDA** | **274** | **290** | **524** | **617** |
| <sup>(1)</sup> Includes amortization of upfront license fees | <sup>(1)</sup> Includes amortization of upfront license fees |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash flows from operating activities - continuing operations | 265 | 250 | 433 | 315 |
| &nbsp;&nbsp;&nbsp;Capital expenditures | (98) | (40) | (174) | (74) |
| **Free Cash Flow** | **167** | **210** | **259** | **241** |

---

------

**Brightstar Lottery PLC**

**Reconciliation of Non-GAAP Financial Measures**

*(Unaudited)*

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | For the three months ended June 30, | For the three months ended June 30, | For the three months ended June 30, | For the three months ended June 30, | For the three months ended June 30, | For the three months ended June 30, | For the three months ended June 30, | | For the six months ended June 30, | For the six months ended June 30, | For the six months ended June 30, | For the six months ended June 30, | For the six months ended June 30, | For the six months ended June 30, | For the six months ended June 30, | |
| | 2025 | 2025 | 2025 | | 2024 | 2024 | 2024 | | 2025 | 2025 | 2025 | | 2024 | 2024 | 2024 | |
| | Pre-Tax Impact | Tax Impact <sup>(1)</sup> | Net Impact | | Pre-Tax Impact | Tax Impact <sup>(1)</sup> | Net Impact | | Pre-Tax Impact | Tax Impact <sup>(1)</sup> | Net Impact | | Pre-Tax Impact | Tax Impact <sup>(1)</sup> | Net Impact | |
| Reported EPS from continuing operations attributable to Brightstar Lottery PLC - diluted |  |  | (0.47) |  |  |  | 0.21 |  |  |  | (0.59) |  |  |  | 0.56 |  |
| Adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Foreign exchange loss (gain), net | 0.48 | (0.01) | 0.49 |  | (0.02) | 0.01 | (0.03) |  | 0.64 | (0.03) | 0.68 |  | (0.08) | 0.03 | (0.11) |  |
| &nbsp;&nbsp;&nbsp;Amortization - purchase accounting | 0.01 |  | 0.01 |  | 0.01 |  | 0.01 |  | 0.02 |  | 0.02 |  | 0.02 | 0.01 | 0.02 |  |
| &nbsp;&nbsp;&nbsp;Restructuring | 0.10 | 0.03 | 0.07 |  |  |  |  |  | 0.10 | 0.03 | 0.07 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other (non-recurring adjustments) | 0.01 |  | 0.01 |  | 0.01 |  | 0.01 |  | 0.03 | 0.01 | 0.02 |  | 0.01 |  | 0.01 |  |
| Net adjustments |  |  | 0.59 |  |  |  | (0.01) |  |  |  | 0.79 |  |  |  | (0.08) |  |
| **Adjusted EPS from continuing operations attributable to Brightstar Lottery PLC - diluted** |  |  | **0.12** |  |  |  | **0.20** |  |  |  | **0.20** |  |  |  | **0.47** |  |
| **Adjusted EPS from continuing operations attributable to Brightstar Lottery PLC - diluted** |  |  | **0.12** |  |  |  | **0.20** |  |  |  | **0.20** |  |  |  | **0.47** |  |
| Reported effective tax rate |  |  | (482.6)% |  |  |  | 33.6% |  |  |  | 212.9% |  |  |  | 33.3% |  |
| Adjusted effective tax rate |  |  | 47.5% |  |  |  | 35.6% |  |  |  | 47.6% |  |  |  | 37.1% |  |
| Adjusted EPS weighted average shares outstanding *(in millions)* | Adjusted EPS weighted average shares outstanding *(in millions)* |  | 204 | <sup>(2)</sup> |  |  | 203 | <sup>(2)</sup> |  |  | 204 | <sup>(2)</sup> |  |  | 203 | <sup>(2)</sup> |
| <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* | <sup>(1)</sup> *Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction* |
| <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* | <sup>(2)</sup> *Includes the dilutive impact of share-based payment awards* |

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## Exhibit 99.2

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Q2 Earnings Report 2025: PERIOD ENDED JUNE 30, 2025

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BRIGHTSTAR EARNINGS REPORT – Q2'252 Cautionary Statement Regarding Forward-Looking Statements This presentation may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning Brightstar Lottery PLC and its consolidated subsidiaries (the "Company") and other matters. These statements may discuss goals, intentions, and expectations as to future plans and strategies, expected growth, transactions, including the impacts on the Company of the sale of the Gaming & Digital business to a holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) and the calculation of gain on sale and use of net proceeds therefrom, trends, events, products and services, customer relationships, dividends, results of operations, and/or financial condition or measures, including our expectations on future revenue, operating income, Adjusted EBITDA, cash from and used in operations, capital expenditures, FY'25 EUR/USD assumption, share repurchases, and any other future financial performance guidance for continuing operations, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward- looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall," "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "outlook," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward- looking statements include (but are not limited to) macroeconomic regulatory and political uncertainty, including as a result of new or increased tariffs, trade wars, and other restrictions on trade between or among countries in which the Company operates, and related changes in discretionary consumer spending and behavior, fluctuations in foreign currency exchange rates, changes in prevailing interest rates, changing inflation rates, impacts from increased U.S. national deficits, and the other factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2024 and other documents filed or furnished from time to time with the SEC, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.brightstarlottery.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that may affect the Company's business, including management's discussion and analysis of potential or actual impacts to operations and financial performance. Nothing in this news release is intended, or is to be construed, as a profit forecast or to be interpreted to mean that the financial performance of Brightstar Lottery PLC for the current or any future financial years will necessarily match or exceed the historical published financial performance of Brightstar Lottery PLC, as applicable. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward- looking statements attributable to Brightstar Lottery PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement. Comparability of Results All figures presented in this presentation are prepared under U.S. GAAP, unless noted otherwise. Non-GAAP Financial Measures Management supplements the reporting of financial information, determined under GAAP, with certain non-GAAP financial information. Management believes the non-GAAP information presented provides investors with additional useful information, but it is not intended to, nor should it be considered in isolation or as a substitute for the related GAAP measures. Moreover, other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. The Company encourages investors to review its financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. Adjusted EBITDA represents net income (loss) from continuing operations (a GAAP measure) before income taxes, interest expense, net, foreign exchange gain (loss), net, other non- operating expenses (e.g., gains/losses on extinguishment and modifications of debt, etc.), net, depreciation, impairment losses, amortization (service revenue, purchase accounting, and non-purchase accounting), restructuring expenses, stock-based compensation, litigation expense (income), and certain other non-recurring items. Other non-recurring items are infrequent in nature and are not reflective of ongoing operational activities. Adjusted EBITDA margin represents Adjusted EBITDA divided by revenue. Adjusted EPS represents diluted earnings per share (a GAAP measure), excluding the effects of foreign exchange, impairments, amortization from purchase accounting, discrete tax items, and other significant non-recurring adjustments that are not reflective of on-going operational activities (e.g., gains/losses on sale of business, gains/losses on extinguishment and modifications of debt, etc.). Adjusted EPS is calculated using diluted weighted-average number of shares outstanding, including the impact of any potentially dilutive common stock equivalents that are anti-dilutive to GAAP net income (loss) per share but dilutive to Adjusted EPS. Management believes that Adjusted EPS is useful in providing period-to-period comparisons of the results of the Company's ongoing operational performance. Net debt is a non-GAAP financial measure that represents debt (a GAAP measure, calculated as long-term obligations plus short-term borrowings) minus capitalized debt issuance costs and cash and cash equivalents, including cash and cash equivalents held for sale. Cash and cash equivalents, including cash and cash equivalents classified as held for sale, are subtracted from the GAAP measure because they could be used to reduce the Company's debt obligations. Management believes that net debt is a useful measure to monitor leverage and evaluate the balance sheet. Net debt leverage is a non-GAAP financial measure that represents the ratio of Net debt as of a particular balance sheet date to Adjusted EBITDA for the last twelve months ("LTM") prior to such date. Management believes that net debt leverage is a useful measure to assess the Company's financial strength and ability to incur incremental indebtedness when making key investment decisions. Free cash flow is a non-GAAP financial measure that represents cash flow from operations (a GAAP measure) less capital expenditures. Management believes free cash flow is a useful measure of liquidity and an additional basis for assessing the Company's ability to fund its activities, including debt service and distribution of earnings to shareholders. Constant currency is a non-GAAP adjustment to certain financial measures that expresses the current financial data using the prior-year/period exchange rate (i.e., the exchange rate used in preparing the financial statements for the prior year). Management believes that constant currency is a useful measure to compare period-to-period results without regard to the impact of fluctuating foreign currency exchange rates. A reconciliation of the non-GAAP measures to the corresponding amounts prepared in accordance with GAAP appears in the tables in this release. The tables provide additional information as to the items and amounts that have been excluded from the adjusted measures. Full Year 2025 Outlook The Company provides guidance of select information related to its financial and operating performance, and such measures may differ from year to year. The guidance is only an estimate of what the Company believes is realizable as of the date of this release. Actual results will vary from the guidance and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law. A reconciliation of our forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort. This is due to the inherent difficulty of accurately forecasting the occurrence and financial impact of the adjusting items necessary for such a reconciliation to be prepared, for example, the provision for income taxes or net foreign gain/loss, as such items have not yet occurred, are out of our control, or cannot be reasonably predicted.

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Contents BRIGHTSTAR EARNINGS REPORT – Q2'253 03 Q&A 04 Appendix 01 Strategy Update 02 Financial Results

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01 Strategy Update BRIGHTSTAR EARNINGS REPORT – Q2'254

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Introducing Brightstar Lottery: Elevating Lotteries & Inspiring Players 01 STRATEGY UPDATE World's Largest Lottery Operator (based on total combined wagers) Primary Technology Provider to the World's Largest Lotteries New Name, Same Global Industry Leadership Ticker: BRSL #1 Global iLottery Platform Provider BRIGHTSTAR EARNINGS REPORT – Q2'255

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Recently Accomplished Several Important Milestones 01 STRATEGY UPDATE Secured Most Important Operator Contract with 9-year Italy Lotto Award Increasing Shareholder Returns with Balanced Capital Allocation Philosophy Sold Gaming & Digital Business for ~$4B BRIGHTSTAR EARNINGS REPORT – Q2'256

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BRIGHTSTAR EARNINGS REPORT – Q2'257 Q2'25: In Line Results Reflect Improved Player Demand Improving Same-store Sales (SSS) Trends Players Responding to Innovative, Higher-priced Games • Secured Italy Lotto through November 2034 • New 8-year Missouri contract includes fully- integrated OMNIATM retail & digital solution • Several multi-year instant ticket printing contract extensions (MD, NC, OH) Meaningful Contract Wins & Extensions 01 STRATEGY UPDATE Same-store Sales Q2'25 U.S. Instants & Draw Multi-state Jackpots (2.7%) 0.6% (34.5%) Italy 3.7% Rest of World 8.4% Total Instants & Draw Multi-state Jackpots 0.3% 2.6% (34.5%) Global iLottery Wager Growth (included in SSS above) 31% • Italy → Scratch & Win growth fueled by successful Miliardario franchise re-launch & Un Estate Al Mare summer bundle → Multi-bet playslips driving 10eLotto growth; Numero Oro growing Gioco del Lotto sales → iLottery up strong on Gioca Più & retail replica games; YTD MYLOTTERIES wagers up ~2x market rate • U.S. → CA, FL instant ticket sales up on new, higher priced games → Cash Pop driving draw game growth in GA & NC • Double-digit increase in instant ticket printing on strong TX, international growth

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2,000 600 500 500 400 Debt Reduction Special Dividend Share Repurchases Partial Lotto License General Corporate Purposes $1,100 BRIGHTSTAR EARNINGS REPORT – Q2'258 01 STRATEGY UPDATE Delivering Enhanced Shareholder Returns Allocation of Gaming & Digital Proceeds ($M) $1.1B of Gaming & Digital sale proceeds allocated to shareholder returns • $3.00/share special dividend • $500M share repurchase authorization Plan to launch $250M accelerated share repurchase program (ASR) as part of $500M authorization • Entering ASR contract with a counterparty bank • Largest buyback in Company history • Shares held by majority shareholder not included in ASR Intend to maintain ~$160M in annual regular cash dividends, even with reduced share count

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BRIGHTSTAR EARNINGS REPORT – Q2'259 01 STRATEGY UPDATE The Future is Brightstar Global Leadership in Large, Growing Industry Growing, Resilient Business with High Contractual Recurring Revenue Significant Tailwind from Broader iLottery Adoption Attractive Profit Profile & Strong, Predictable Cash Flows Balanced Capital Allocation Strategy Current Valuation Provides Compelling Entry Point

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02 Financial Results BRIGHTSTAR EARNINGS REPORT – Q2'2510

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02 FINANCIAL RESULTS Summary of Q2'25 Financial Results BRIGHTSTAR EARNINGS REPORT – Q2'2511 Note: EUR/USD FX daily average 1.13 in Q2'25, 1.08 in Q2'24, 1.09 YTD Q2'25, 1.08 YTD Q2'24 Amounts in millions unless otherwise noted \*Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details

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Instant Ticket & Draw SSS Growth Across Geographies Increased Product Sales in Q2'25; MSJP/LMA Dynamics Persist BRIGHTSTAR EARNINGS REPORT – Q2'2512 02 FINANCIAL RESULTS Revenue 306 294 293 234 243 259 72 74 79 Q2'24 Instant Ticket & Draw U.S. Multi-state Jackpots Other Service & Upfront License Fee Amortization Product Sales Excluding FX FX Q2'25 613 610 631 Amounts in $ millions, unless otherwise noted RoW Italy U.S. & Canada Revenue 10 -8 -19 15 21 U.S. MSJP & LMA incentive revenue highly dependent on timing of very large jackpots H1'24 H1'25 1,274 4 -22 -51 - 1,205 8 1,214

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RevenueRevenue Income/(Loss) from Continuing Operations Adjusted EBITDA Resilient Q2'25 Profit Despite Incremental Investments in the Business, Excluding MSJP/LMA Impacts 02 FINANCIAL RESULTS BRIGHTSTAR EARNINGS REPORT – Q2'2513 Amounts in $ millions, unless otherwise noted 290 262 274 -26 Q2'24 Service Margin Product Sales Margin SG&A R&D Excluding FX FX Q2'25 1 1484 -60 Q2'24 Operating Income Interest Expense FX Tax Provision Q2'25Other -40 4 -103 -7 +3 Instants & Draw Growth -29 U.S. MSJP & LMA Non-cash EUR/USD rate impact on debt Restructuring -21 -4 1 H1'24 H1'25 617 -77 -12 -10 - 518 6 524 H1'24 H1'25 200 -120 12 -147 3 2 -52 1

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Solid Financial Condition Backed by Strong YTD Cash Generation & Significant Liquidity BRIGHTSTAR EARNINGS REPORT – Q2'2514 02 FINANCIAL RESULTS Note: cash flow results reflect continuing operations \*Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details • $2B debt reduction following Gaming & Digital sale • Second €500M tranche of new €1B term loan drawn with award of Italy Lotto license • Significant liquidity of $2.9B; $1.3B in unrestricted cash and $1.6B in additional borrowing capacity from undrawn credit facilities • Net debt leverage\* of 3.0x pro forma for $2B debt reduction$433M Cash from Operations $259M Free Cash Flow\* $174M CapEx 117 469 234 234 469 750 586 750 586 391 2025 2026 2027 2028 2029 2030 Drawn RCF Bonds Bank Debt Debt Maturity Profile Pro forma for $2B debt reduction from Gaming & Digital Sale Proceeds

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Expanding OPtiMa 3.0 Cost Reduction Program BRIGHTSTAR EARNINGS REPORT – Q2'2515 02 FINANCIAL RESULTS OPtiMa 3.0 structural cost reduction raised to $50M in annual savings by end FY'26 Right-sizing to align with smaller scope post Gaming & Digital sale → ~$20M restructuring expense recognized in Q2'25 → Expect ~60% of the total savings to be recognized by end of FY'25 → Continue to explore additional savings opportunities → Savings focused on back-office optimization → Does not impact customer- facing activities and does not compromise our superior customer service standards → Continue to invest to support key growth strategies (e.g., technology, digitization)

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BRIGHTSTAR EARNINGS REPORT – Q2'2516 Delivering Enhanced Shareholder Returns on Several Dimensions $3.00/sh Special Dividend 02 FINANCIAL RESULTS $250M ASR Is Company's largest buyback ever Expect favorable classification of special dividend as return of capital for U.S. shareholders $500M share repurchase authorization Is ~17% of current market cap Intend to maintain ~$160M in annual regular cash dividends going forward, even with reduced share count Compelling ~6% yield from regular dividends at current share price $3.00/share special dividend

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17 02 FINANCIAL RESULTS \*A reconciliation of our forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort. This is due to the inherent difficulty of accurately forecasting the occurrence and financial impact of the adjusting items necessary for such a reconciliation to be prepared, for example, the provision for income taxes or net foreign exchange gain/loss, as such items have not yet occurred, are out of our control, or cannot be reasonably predicted. 1Reflects 100% consolidation of Italy joint venture; minority partner contributions representing their pro rata share are recorded in cash flows from financing activities Revenue Adjusted EBITDA ~$2.50B ~$1.10B Cash from Operations ~($275M) CapEx ~$375M Adjusting revenue down $50 million vs. prior outlook to reflect a timing shift in product sales & increased amortization related to the Italy Lotto upfront license fee (which is treated as contra-revenue) Increasing FY'25 EUR/USD assumption to 1.12; incremental FX benefit offset by higher-than-expected U.S. MSJP/LMA impacts Improvement to cash flow vs. prior outlook includes: • $75 million improvement to cash from operations from interest, income taxes & other working capital items. Cash from operations includes €800M for first two installments of Italy Lotto upfront license fee1 • $75 million reduction in CapEx to reflect timing shifts related to recent contract extensions BRIGHTSTAR EARNINGS REPORT – Q2'25 FY'25 Outlook: Profit Reaffirmed, Cash Flow Improved

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![](q225earningsslidedeckfin018.jpg)

BRIGHTSTAR EARNINGS REPORT – Q2'2518 02 FINANCIAL RESULTS Bright Future Ahead for Pure Play Lottery Business Balanced Capital Allocation with Ongoing Enhanced Shareholder Returns Growing, Resilient Business with Strong Profit and Cash Flow Profile Continued Focus on Structural Cost Reduction Global Leadership in Large, Growing Industry

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03 Q&A BRIGHTSTAR EARNINGS REPORT – Q219

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04 Appendix BRIGHTSTAR EARNINGS REPORT – Q2'2520

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21 04 APPENDIX BRIGHTSTAR EARNINGS REPORT – Q2'25 H1'25 Revenue & Profit Profile 94% 6% Service Product Sales 45% 42% 13% U.S. & Canada Italy Rest of world 97% 3% Instant Ticket & Draw U.S. Multi-state Jackpots -4% 23% 43% Income from continuing operations Operating income Adjusted EBITDA Revenue by Type Revenue by Geography Wager-based Revenue by Game Type Profit Margins

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![](q225earningsslidedeckfin022.jpg)

Q2'25 Select Performance and KPI Data $ in millions except otherwise noted For the three months ended June 30, Constant 2025 2024 Y/Y Change Currency Change Revenue Service Instant ticket & draw wager-based revenue 516 487 6% 2% U.S. multi-state jackpot wager-based revenue 15 23 (35)% (35)% Upfront license fee amortization (53) (49) (6)% —% Other 110 126 (13)% (15)% Total service revenue 588 586 —% (3)% Product sales 42 27 59% 55% Total revenue 631 613 3% —% Income from continuing operations (60) 84 NA Operating income 139 179 (22)% (27)% Adjusted EBITDA 274 290 (5)% (9)% For the three months ended June 30, Constant 2025 2024 Y/Y Change Currency Change Revenue (by geography) U.S. & Canada 293 306 (4)% (4)% Italy 259 234 10% 4% Rest of world 79 72 9% 2% Total revenue 631 613 3% —% BRIGHTSTAR Earnings REPORT – Q2'25 04 APPENDIX 22

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Q2'25 Select Performance and KPI Data (1) Same-store sales represent the change in wagers recorded in lottery jurisdictions where Brightstar is the operator or facilities management supplier, using the same lottery jurisdictions and perimeter for comparisons between periods (2) Same-store revenue represents the change in same-store sales net of contract mix Same-store revenue growth (%) at constant currency (SSS growth plus impact of contract mix) (2) Same-store sales growth (%) at constant currency (wager-based growth) (1) Q2'25 Constant Q2'24 Constant Q2'25 Constant Q2'24 Constant Currency Change Currency Change Currency Change Currency Change Global Instant ticket & draw games 2.6% (0.2)% 2.5% 0.6% U.S. multi-state jackpots (34.5)% 22.5% (34.9)% 21.4% Total 0.3% 0.9% 0.9% 1.4% U.S. Instant ticket & draw games 0.6% (1.9)% (0.6)% (1.7)% U.S. multi-state jackpots (34.5)% 22.5% (34.9)% 21.4% Total (2.7)% —% (4.3)% 0.4% Italy Instant ticket & draw games 3.7% 2.3% 3.6% 2.2% Rest of world Instant ticket & draw games 8.4% 3.0% 9.1% 1.1% BRIGHTSTAR Earnings REPORT – Q2'25 04 APPENDIX 23

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Summarized Income Statements $ in millions except otherwise noted All amounts from continuing operations For the three months ended June 30, For the six months ended June 30, 2025 2024 Y/Y Change 2025 2024 Y/Y Change Service revenue 588 586 —% 1,146 1,205 (5)% Product sales 42 27 59% 68 69 (1)% Total revenue 631 613 3% 1,214 1,274 (5)% Total operating expenses 492 434 (13)% 937 877 (7)% Operating income 139 179 (22)% 277 397 (30)% Interest expense, net 49 53 94 106 Foreign exchange loss (gain), net 99 (4) 131 (16) Other non-operating expense, net 2 3 5 7 Total non-operating expenses 149 52 231 97 (Loss) income before provision for income taxes (10) 127 46 300 Provision for income taxes 50 43 97 100 (Loss) income from continuing operations (60) 84 (52) 200 Income from discontinued operations, net of tax 40 — 92 13 Net (loss) income (20) 85 40 213 Less: Net income attributable to non-controlling interests from continuing operations 36 41 67 86 Less: Net income attributable to non-controlling interests from discontinued operations 2 2 4 3 Net (loss) income attributable to Brightstar Lottery PLC (58) 42 (31) 123 Net (loss) income from continuing operations attributable to Brightstar Lottery PLC per common share - diluted $(0.47) $0.21 $(0.59) $0.56 Adjusted EPS from continuing operations attributable to Brightstar PLC - diluted $0.12 $0.20 $0.20 $0.47 BRIGHTSTAR Earnings REPORT – Q2'25 04 APPENDIX 24

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Summarized Cash Flow Statements $ in millions For the three months ended June 30, For the six months ended June 30, 2025 2024 2025 2024 Net cash provided by operating activities from continuing operations 265 250 433 315 Capital expenditures (98) (40) (174) (74) Free Cash Flow 167 210 259 241 Cash flow (used in)/provided by discontinued operations (11) 24 (127) 24 Debt Proceeds / (Repayment), Net 596 29 798 (53) Shareholder dividends paid (41) (80) (81) (80) Minority distributions, net (23) (94) (32) (202) Proceeds from sale of business — — — — Other - Net (5) (12) (104) (79) Other Investing / Financing Activities 517 (135) 454 (390) Net Cash Flow 684 76 712 (149) Effect of Exchange Rates/Other 39 (14) 58 (31) Net Change in Cash and Restricted Cash 723 62 771 (180) BRIGHTSTAR Earnings REPORT – Q2'25 04 APPENDIX 25

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$ in millions (1) Includes amortization of upfront license fees Reconciliation of Non-GAAP Financial Measures For the three months ended June 30, For the six months ended June 30, 2025 2024 2025 2024 (Loss) income from continuing operations (60) 84 (52) 200 Provision for income taxes 50 43 97 100 Interest expense, net 49 53 94 106 Foreign exchange loss (gain), net 99 (4) 131 (16) Other non-operating expense, net 2 3 5 7 Operating income 139 179 277 397 Depreciation 45 43 90 84 Amortization - service revenue (1) 53 49 101 99 Amortization - non-purchase accounting 7 6 14 11 Amortization - purchase accounting 2 2 4 5 Restructuring 21 — 21 — Stock-based compensation 5 9 12 18 Other 3 1 5 1 Adjusted EBITDA 274 290 524 617 Cash flows from operating activities - continuing operations 265 250 433 315 Capital expenditures (98) (40) (174) (74) Free Cash Flow 167 210 259 241 BRIGHTSTAR Earnings REPORT – Q2'25 04 APPENDIX 26

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Reconciliation of Non-GAAP Financial Measures All amounts presented are in $(1) Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction (2) Includes the dilutive impact of share-based payment awards BRIGHTSTAR Earnings REPORT – Q2'25 04 APPENDIX 27 All amounts from continuing operations For the three months ended June 30, 2025 For the three months ended June 30, 2024 Pre-Tax Impact Tax Impact (1) Net Impact Pre-Tax Impact Tax Impact (1) Net Impact Reported EPS from continuing operations attributable to Brightstar PLC - diluted (0.47) 0.21 Adjustments: Foreign exchange loss (gain), net 0.48 (0.01) 0.49 (0.02) 0.01 (0.03) Amortization - purchase accounting 0.01 — 0.01 0.01 — 0.01 Restructuring 0.10 0.03 0.07 — — — Other (non-recurring adjustments) 0.01 — 0.01 0.01 — 0.01 Net adjustments 0.59 (0.01) Adjusted EPS from continuing operations attributable to Brightstar PLC - diluted 0.12 0.20 Reported effective tax rate (482.6) % 33.6 % Adjusted effective tax rate 47.5 % 35.6 % Adjusted EPS weighted average shares outstanding (in millions) 204 (2) 203 (2)

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Reconciliation of Non-GAAP Financial Measures All amounts presented are in $(1) Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction (2) Includes the dilutive impact of share-based payment awards BRIGHTSTAR Earnings REPORT – Q2'25 04 APPENDIX 28 All amounts from continuing operations For the six months ended June 30, 2025 For the six months ended June 30, 2024 Pre-Tax Impact Tax Impact (1) Net Impact Pre-Tax Impact Tax Impact (1) Net Impact Reported EPS from continuing operations attributable to Brightstar PLC - diluted (0.59) 0.56 Adjustments: Foreign exchange loss (gain), net 0.64 (0.03) 0.68 (0.08) 0.03 (0.11) Amortization - purchase accounting 0.02 — 0.02 0.02 0.01 0.02 Restructuring 0.10 0.03 0.07 — — — Other (non-recurring adjustments) 0.03 0.01 0.02 0.01 — 0.01 Net adjustments 0.79 (0.08) Adjusted EPS from continuing operations attributable to Brightstar PLC - diluted 0.20 0.47 Reported effective tax rate 212.9 % 33.3 % Adjusted effective tax rate 47.6 % 37.1 % Adjusted EPS weighted average shares outstanding (in millions) 204 (2) 203 (2)

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