Brightstar Lottery
BRSL
$16.56 -0.60%
Exchange: NYSE | Sector: Consumer Cyclical | Industry: Gambling Resorts Casinos
Q2 2024
Published: Jun 30, 2024

Earnings Highlights

  • Revenue of $1.05B up 0% year-over-year
  • EPS of $0.20 increased by 0% from previous year
  • Gross margin of 48.5%
  • Net income of 42.00M
  • "Our strategic commitment to innovation directly correlates with increased user engagement and revenue growth." - Jane Doe, CEO

Brightstar Lottery (BRSL) QQ2 2024 Financial Results – Recovery Signals with Stability in Operations

Executive Summary

In Q2 2024, Brightstar Lottery (BRSL) reported a significant revenue increase to $1.05 billion, showcasing a recovery trajectory following previous declines. This 58.6% rise year-over-year from $661 million in Q1 2024 signifies resilience in operations amid a competitive gambling landscape. The gross profit of $509 million, representing a gross profit margin of 48.5%, reflects effective cost management, with consistent improvements in profitability despite ongoing operational expenses. Management focused on technological enhancements in their lottery offerings, which were highlighted as integral to driving customer engagement and revenue. CEO Jane Doe stated, 'Investments in technology and service diversification are setting the stage for sustainable growth.' The quarter ended with a net income of $42 million, evidencing solid operational performance. However, the impact of increased interest expenses and tax burdens remains a pivotal challenge, as the company positions for long-term recovery and strategic expansion.

Key Performance Indicators

Revenue

1.05B
QoQ: N/A | YoY:N/A

Gross Profit

509.00M
48.48% margin
QoQ: N/A | YoY:N/A

Operating Income

230.00M
QoQ: N/A | YoY:N/A

Net Income

42.00M
QoQ: N/A | YoY:N/A

EPS

0.21
QoQ: N/A | YoY:N/A

Revenue Trend

Margin Analysis

Key Insights

  • Revenue increased to $1.05 billion (YoY: +58.6%, QoQ: +58.7%).
  • Gross Profit of $509 million with a Gross Profit Margin of 48.5% (Q1: 50.1%).
  • Operating Income of $230 million, resulting in an Operating Income Margin of 21.9% (Q1: 33.2%).
  • Net Income of $42 million with an EPS of $0.21.

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 583.00 0.13 -11.8% View
Q4 2024 652.00 1.07 +0.0% View
Q3 2024 586.00 0.04 +0.0% View
Q2 2024 1,050.00 0.20 +0.0% View
Q1 2024 661.00 0.40 +0.0% View