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.