BRSL
Brightstar Lottery
Q4 2024 Report
Brightstar Lottery (BRSL) QQ4 2024 Financial Results: Strong Closing with Strategic Outlook...
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Executive Summary
Brightstar Lottery (BRSL) reported its financial results for Q1 2025, revealing a notable downturn compared to the previous year. Revenue decreased by 11.8% year-over-year (YoY) to $583 million, marking a 10.58% decline from Q4 2024. This revenue drop reflects challenging market conditions and intensified competition in the gambling sector. Additionally, net income plummeted to $27 million, sharply down 67.07% YoY and down 87.61% from the previous quarter. Management acknowledged these pressures, emphasizing the need for strategic innovations and cost management to navigate the current landscape.
The company is maintaining a solid cash position with $631 million in cash and cash equivalents, despite reduced profitability metrics. While the figures indicate a tough quarter, management's commentary on upcoming investment in technology and market expansion strategies highlights potential recovery avenues. However, concerns remain regarding operational efficiencies and overall market resilience.
Key Performance Indicators
Revenue
583.00M
QoQ: -10.58% | YoY:-11.80%
Gross Profit
256.00M
43.91% margin
QoQ: -10.49% | YoY:-22.66%
Operating Income
138.00M
QoQ: -22.91% | YoY:-36.99%
Net Income
27.00M
QoQ: -87.61% | YoY:-67.07%
EPS
0.13
QoQ: -87.96% | YoY:-68.29%
Revenue Trend
Margin Analysis
Key Insights
- Q1 2025 Revenue: $583 million, down 11.80% YoY, down 10.58% QoQ.
- Gross Profit: $256 million, down 22.66% YoY, down 10.49% QoQ; Gross Profit Margin: 43. 9%.
- Operating Income: $138 million, down 36.99% YoY, down 22.91% QoQ; Operating Income Ratio: 23.67%.
- Net Income: $27 million, down 67.07% YoY, down 87.61% QoQ; Net Income Ratio: 4.63%.
- EPS: $0.13, down 68.29% YoY, down 87.96% QoQ.