BRIGHTSTAR LOTTERY PLC REPORTS THIRD QUARTER 2025 RESULTS

Third quarter revenue grew 7% to $629 million, primarily driven by 7.9% same-store sales growth reflecting strength across jurisdictions and game types Income from continuing operations of $95 million Adjusted EBITDA of $294 million increased 11%, on high profit flow-through of strong same-store sales growth and expense recoveries Returned $978 million to shareholders in YTD period; announced 10% increase in Q4'25 dividend to $0.22 per share Introducing medium-term targets including 2028 revenue of $2.75 billion and Adjusted EBITDA of $1.3 billion , /PRNewswire/ -- Brightstar Lottery PLC (NYSE:BRSL) ("Brightstar" or the "Company") today reported financial results for the third quarter ended September 30, 2025. Today, at 8:00 a.m. EST, management will host a conference call and webcast to present the results; access details are provided below. "We achieved many milestones in Q3: closing the IGT Gaming sale for $4 billion in cash, executing our shareholder return plans, and completing the refocusing of the Company as a lottery pure play," said Vince Sadusky, CEO of Brightstar. "The better-than-expected Q3 revenue and profit results reflect a significant acceleration of same-store sales across all geographies. For nearly 50 years, our innovative products and services have helped our customers excel. The 2028 financial targets we are introducing today reflect a stronger organic growth profile that we believe will drive compelling, incremental value over the next few years." "With $1.6 billion of cash and cash equivalents and net debt leverage of 2.3x at the end of Q3, we are well-positioned to execute on our strategic objectives," said Max Chiara, CFO of Brightstar. "As we released our mid-term targets, we expect to generate over $7 billion in gross cash in the 2025-2028 period, mostly allocated to funding organic growth, with $1.7 billion expected to be returned to shareholders over the same timeframe." Overview of Consolidated Third Quarter 2025 Results Quarter Ended Y/Y Change Constant Currency Change All amounts from continuing operations September 30, 2025 2024 ($ in millions, except per share data) GAAP Financials: Revenue 629 587 7 % 5 % Income (loss) from continuing operations 95 (46) NA Income (loss) from continuing operations margin 15.0 % (7.8) % Earnings per share - diluted $0.29 $(0.39) NA Net cash (used in) provided by operating activities (439) 173 NA Q3'25 cash from operations of $140M net of Italy Lotto upfront license fee Cash and cash equivalents 1,599 501 219 % Non-GAAP Financial Measures: Adjusted EBIT 185 162 14 % 10 % Adjusted EBIT margin 29.5 % 27.7 % Adjusted EBITDA 294 264 11 % 7 % Adjusted EBITDA margin 46.7 % 44.9 % Adjusted earnings per share - diluted $0.36 $(0.02) NA Free cash flow (504) 144 NA Net debt 2,572 5,156 (50) % 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 Third Quarter 2025 Financial Highlights Third quarter revenue of $629 million, up 7% from $587 million in the prior year, primarily driven by: Instant ticket and draw same-store sales increased 3.9%, with growth across geographies and game types, primarily driven by a 6.1% increase in Italy and a 1.6% increase in the U.S. Higher U.S. multi-state jackpot revenue propelled by a $1.8 billion Powerball jackpot Benefit from foreign currency translation Increased terminal sales, partially offset by non-wager based service revenue related to European contracts in the prior year and U.K. service contract transition Income from continuing operations was $95 million compared to loss from continuing operations of $46 million in the prior-year period, primarily resulting from: Higher gross profit coupled with general & administrative expense recoveries Foreign exchange gain versus foreign exchange loss in the prior year, primarily reflecting the non-cash impact of fluctuations in the EUR/USD exchange rate on debt Reduced restructuring charges and provision for income taxes Adjusted EBITDA increased 11% to $294 million versus $264 million in the prior-year period, mainly due to: High profit flow-through of increased wager-based revenue from strong same-store sales and jackpot activity Lower costs associated with the execution of the OPtiMa efficiency plan and certain expense recoveries, partially offset by inflationary cost increases Benefit from foreign currency translation Partially offset by flow-through of non-wager based service revenue related to European contracts in the prior year and U.K. service contract transition Diluted income per share from continuing operations was $0.29 compared to diluted loss per share from continuing operations of $0.39 in the prior year. Adjusted diluted earnings per share from continuing operations was $0.36 compared to adjusted diluted loss per share from continuing operations of $0.02 in the prior year, primarily driven by higher income from continuing operations. YTD 2025 Financial Highlights Year-to-date revenue of $1.84 billion versus $1.86 billion in the prior-year period, primarily due to increased instant ticket and draw same-store sales, which were more than offset by higher LMA incentives in the prior year. Income from continuing operations was $43 million compared to $154 million in the prior year period, primarily driven by: 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 Higher gross profit in the prior year Partially offset by improvements in restructuring charges and provision for income taxes Adjusted EBITDA of $818 million compares to $880 million in the prior year, primarily resulting from: High profit flow-through from LMA incentives in the prior year Beneficial product sales mix in the prior year Incremental investments to drive sustainable long-term growth in the current year Partially offset by positive foreign currency translation, general & administrative cost recoveries, and OPtiMa savings Diluted loss per share from continuing operations was $0.31 compared to diluted earnings per share from continuing operations of $0.17 in the prior year. Adjusted diluted earnings per share from continuing operations of $0.55 compared to $0.46 in the prior year primarily driven by reductions in net interest, income tax, and general & administrative expenses, partially offset by higher gross profit in the prior year. Net debt was $2.6 billion compared to $4.8 billion at December 31, 2024. The decrease was primarily driven by approximately $2 billion in proceeds from the sale of IGT Gaming allocated to debt reduction. Net debt leverage was 2.3x. Cash and Liquidity Update Total liquidity was $3.2 billion as of September 30, 2025 with $1.6 billion in unrestricted cash and $1.6 billion in additional borrowing capacity from undrawn credit facilities; ample liquidity in advance of upcoming Italy Lotto upfront license fee payments. Other Developments On July 1, 2025, completed sale of IGT Gaming business for approximately $4 billion of net cash proceeds. $3.00 per share special cash dividend distribution to shareholders on July 29, 2025 Launched $250 million accelerated share repurchase on July 29, 2025, as part of $500 million share repurchase authorization The Company's Board of Directors declared a quarterly cash dividend of $0.22 per common share, representing a 10% increase over historical levels, with a record date of November 18, 2025 and a payment date of December 2, 2025. For U.S. income tax purposes, dividends paid in 2025 are expected to be classified as a non-taxable return of capital to the extent of a shareholder's basis in its shares, and thereafter as capital gain. For further information, see the Form 6-K which will be filed later today with the SEC, which is 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. Financial Outlook Reaffirming FY'25 revenue and profit outlook: Revenue of approximately $2.5 billion Adjusted EBITDA of approximately $1.1 billion Net cash used in operating activities of approximately $220 million; upgrading cash from operations to approximately $700 million from approximately $645 million excluding Lotto upfront license fee Capital expenditures of approximately $340 million, an approximate $110 million decrease from the estimate at the beginning of the year, primarily related to timing shifts Introducing medium-term targets: 2028 revenue of $2.75 billion reflects an accelerated, over 5% organic CAGR, led by continued core business growth and incremental expansion from iLottery in the U.S. and Italy B2C initiatives 2028 Adjusted EBITDA of $1.3 billion reflects a more than 6% CAGR as revenue growth is enhanced by OPtiMa savings and other efficiency initiatives Average annual capital expenditures of approximately $400 million for 2025 – 2028 reflecting peak contract renewal cycle; moderates to approximately $200 - $225 million post peak cycle Over $400 million in annual free cash flow before upfront license fees but after minority distributions and peak capital expenditure investment cycle; implies low-to-mid teens free cash flow yield at current share price Earnings Conference Call and Webcast November 4, 2025, at 8:00 a.m. EST 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. Comparability of Results 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. About Brightstar Lottery PLC Brightstar Lottery PLC (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, entertain players, 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. Cautionary Statement Regarding Forward-Looking Statements This news release and the Company's earnings call include forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning the Company and other matters. These statements may discuss goals, intentions, and expectations as to future plans and strategies, expected growth, transactions, trends, events, products and services, dividends and their classification for U.S. income tax purposes, results of operations, and/or financial condition or measures, including our expectations on future revenue, income from continuing operations, Adjusted EBITDA, cash from and used in operations, capital expenditures, cash to be returned to shareholders, FY'25 EUR/USD assumption, share repurchases, and any other future financial and operational performance, including 2028 revenue, profit, free cash flow and capital expenditure targets, 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," "target" 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, financial market volatility 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. 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 EBIT represents net income (loss) from continuing operations (a GAAP measure) before income taxes, interest expense, net, foreign exchange gain (loss), net, other expenses (e.g., gains/losses on extinguishment and modifications of debt, etc.), net, impairment losses, 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. Management believes that Adjusted EBIT is useful in providing period-to-period comparisons of the results of the Company's ongoing operational performance. Adjusted EBIT margin represents Adjusted EBIT divided by revenue. Adjusted EBITDA represents net income (loss) from continuing operations (a GAAP measure) before income taxes, interest expense, net, foreign exchange gain (loss), net, other 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. Management believes that Adjusted EBITDA is useful in providing period-to-period comparisons of the results of the Company's ongoing operational performance. 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 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 may 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. Contact Mike DeAngelis, Corporate Communications, +1 (401) 392-1000, [email protected]Matteo Selva, Italian media inquiries, +39 366 6803635James Hurley, Investor Relations, +1 (401) 392-7190 Select Performance and KPI data ($ in millions, unless otherwise noted) Constant Q3'25 Q3'24 Y/Y Currency Revenue Change Change(1) Service Instant ticket & draw wager-based revenue 512 477 7 % 4 % U.S. multi-state jackpot wager-based revenue 36 21 74 % 74 % Upfront license fee amortization (53) (51) (5) % — % Other 109 119 (8) % (9) % Total service revenue 604 566 7 % 4 % Product sales 25 20 24 % 22 % Total revenue 629 587 7 % 5 % Income (loss) from continuing operations 95 (46) NA Adjusted EBITDA(1) 294 264 11 % 7 % Same-store sales growth (%) at constant currency (wager-based growth) (2) Global Instant ticket & draw games 3.9 % (3) 1.0 % U.S. multi-state jackpots 69.2 % (55.2 %) Total 7.9 % (5.8 %) U.S. Instant ticket & draw games 1.6 % 0.2 % U.S. multi-state jackpots 69.2 % (55.2 %) Total 7.7 % (9.8 %) Italy Instant ticket & draw games 6.1 % (3) 2.7 % Rest of world Instant ticket & draw games 14.3 % 1.9 % (1) Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details (2) Same-store sales represents the change in wagers recorded in lottery jurisdictions where Brightstar is the operator or facilities management supplier, usingthe same lottery jurisdictions and perimeter for comparisons between periods (3) Instant ticket & draw game same-store sales normalized for a like number of Italy Lotto draws were 3.7% on a global basis and 5.3% in Italy Constant Q3'25 Q3'24 Y/Y Currency Change Change(1) Same-store revenue growth (%) at constant currency (Same-store sales inclusive of contract mix) (2) Global Instant ticket & draw games 5.6 % 0.6 % U.S. multi-state jackpots 73.6 % (56.2) % Total 8.5 % (4.6) % U.S. Instant ticket & draw games 3.5 % (0.6) % U.S. multi-state jackpots 73.6 % (56.2) % Total 10.7 % (12.1) % Italy Instant ticket & draw games 5.9 % 1.7 % Rest of world Instant ticket & draw games 14.1 % (0.6) % Revenue (by geography) U.S. & Canada 304 284 7 % 7 % Italy 257 228 12 % 7 % Rest of world 69 75 (7) % (10) % Total revenue 629 587 7 % 5 % (1) Non-GAAP measure; see disclaimer on page 6 and reconciliations to the most directly comparable GAAP measure in Appendix for further details (2) Same-store revenue represents the change in same-store sales net of contract mix Brightstar Lottery PLC Condensed Consolidated Statements of Operations ($ and shares in millions, except per share amounts) Unaudited For the three months ended For the nine months ended September 30, September 30, 2025 2024 2025 2024 Service revenue (includes amortization of upfront license fees) 604 566 1,750 1,771 Product sales 25 20 93 89 Total revenue 629 587 1,843 1,861 Cost of services (excluding Depreciation and amortization) 276 261 819 795 Cost of product sales (excluding Depreciation and amortization) 31 22 86 67 General and administrative 44 61 164 178 Research and development 11 12 33 33 Sales and marketing 29 30 92 89 Depreciation and amortization 55 51 163 151 Restructuring — 38 21 39 Interest expense, net 36 53 130 160 Foreign exchange loss, net 1 39 132 23 Other expense, net 12 4 23 12 Income from continuing operations before provision for income taxes 134 15 180 315 Provision for income taxes 40 61 137 161 Income (loss) from continuing operations 95 (46) 43 154 (Loss) income from discontinued operations, net of tax (16) 88 75 101 Gain on sale of discontinued operations, net of tax 77 — 77 — Income from discontinued operations 60 88 152 101 Net income 155 43 195 256 Less: Net income attributable to non-controlling interests from continuing operations 38 34 105 120 Less: Net income attributable to non-controlling interests from discontinued operations — 1 4 5 Net income attributable to Brightstar Lottery PLC 117 7 86 130 Net income (loss) from continuing operations attributable to Brightstar Lottery PLC per common share - basic 0.29 (0.39) (0.31) 0.17 Net income (loss) from continuing operations attributable to Brightstar Lottery PLC per common share - diluted 0.29 (0.39) (0.31) 0.17 Net income attributable to Brightstar Lottery PLC per common share - basic 0.60 0.04 0.43 0.65 Net income attributable to Brightstar Lottery PLC per common share - diluted 0.60 0.04 0.43 0.64 Weighted-average shares - basic 195 202 200 201 Weighted-average shares - diluted 196 202 200 203 Brightstar Lottery PLC Condensed Consolidated Balance Sheets ($ in millions) Unaudited September 30, December 31, 2025 2024 Assets Current assets: Cash and cash equivalents 1,599 584 Restricted cash and cash equivalents 97 120 Trade and other receivables, net 514 468 Inventories, net 115 113 Other current assets 191 114 Assets held for sale — 4,765 Total current assets 2,516 6,165 Systems, equipment and other assets related to contracts, net 636 581 Property, plant and equipment, net 88 85 Operating lease right-of-use assets 95 102 Goodwill 2,707 2,650 Intangible assets, net 104 89 Other non-current assets 3,142 606 Total non-current assets 6,771 4,113 Total assets 9,288 10,278 Liabilities and shareholders' equity Liabilities Current liabilities: Accounts payable 758 718 Current portion of long-term debt 117 208 Payable to ADM 2,031 — Other current liabilities 514 619 Liabilities held for sale — 1,142 Total current liabilities 3,420 2,687 Long-term debt, less current portion 4,064 5,153 Deferred income taxes 232 170 Operating lease liabilities 75 83 Other non-current liabilities 143 125 Total non-current liabilities 4,513 5,530 Total liabilities 7,934 8,217 Shareholders' Equity Brightstar Lottery PLC's shareholders' equity 871 1,652 Non-controlling interests 483 409 Total shareholders' equity 1,354 2,061 Total liabilities and shareholders' equity 9,288 10,278 Brightstar Lottery PLC Condensed Consolidated Statements of Cash Flows ($ in millions) Unaudited For the three months ended For the nine months ended September 30, September 30, 2025 2024 2025 2024 Cash flows from operating activities Net income 155 43 195 256 Less: Income from discontinued operations, net of tax 60 88 152 101 Adjustments to reconcile net income to net cash (used in) provided by operating activities from continuing operations: Amortization of upfront license fees 53 51 154 150 Depreciation 45 42 135 127 Amortization 10 8 28 24 Stock-based compensation 3 12 15 31 Foreign exchange loss, net 1 39 132 23 Other non-cash items, net 41 (19) 33 (3) Changes in operating assets and liabilities, excluding the effects of dispositions: Trade and other receivables (82) (8) (4) 11 Inventories 2 (6) (4) (12) Accounts payable 87 87 11 18 Accrued interest payable (32) (34) (25) (44) Accrued income taxes (80) (6) 9 3 Italian Lotto License payment (579) — (579) — Other assets and liabilities (2) 52 47 7 Net cash (used in) provided by operating activities from continuing operations (439) 173 (6) 489 Net cash (used in) provided by operating activities from discontinued operations (7) 87 94 235 Net cash (used in) provided by operating activities (446) 260 88 724 Cash flows from investing activities Capital expenditures (65) (30) (239) (104) Other — 2 — 1 Net cash used in investing activities from continuing operations (64) (27) (240) (103) Net cash provided by (used in) investing activities from discontinued operations 3,953 (62) 3,868 (166) Net cash provided by (used in) investing activities 3,889 (90) 3,629 (270) Cash flows from financing activities Proceeds from long-term debt — 556 1,112 556 Net (payments on) receipts from financial liabilities (1) 12 (82) (52) Payments of debt issuance costs (2) (2) (11) (3) Net repayments of Revolving Credit Facilities (410) (82) (515) (119) Principal payments on long-term debt (1,978) (500) (2,186) (500) Repurchases of common stock (251) — (251) — Dividends paid (647) (40) (728) (121) Dividends paid - non-controlling interests — — (163) (159) Return of capital - non-controlling interests (10) (10) (57) (55) Capital increase - non-controlling interests — — 178 2 Other 33 12 18 (16) Net cash used in financing activities from continuing operations (3,268) (54) (2,686) (467) Net cash used in financing activities from discontinued operations — (19) (143) (39) Net cash used in financing activities (3,268) (73) (2,829) (505) Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents 175 98 888 (51) Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents (25) 17 33 (14) Cash and cash equivalents and restricted cash and cash equivalents at the beginning of the period 1,546 559 775 739 Cash and cash equivalents and restricted cash and cash equivalents at the end of the period 1,696 674 1,696 674 Less: Cash and cash equivalents and restricted cash and cash equivalents of discontinued operations — 71 — 71 Cash and cash equivalents and restricted cash and cash equivalents at the end of the period of continuing operations 1,696 604 1,696 604 Supplemental disclosures of cash flow information for continuing operations: Interest paid 82 87 171 204 Income taxes paid 87 87 119 169 Brightstar Lottery PLC Net Debt ($ in millions) Unaudited September 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 749 748 2.375% Senior Secured Euro Notes due April 2028 585 517 5.250% Senior Secured U.S. Dollar Notes due January 2029 747 746 4.250% Senior Secured Euro Notes due March 2030 581 513 Senior Secured Notes 2,661 4,050 Euro Term Loan Facilities due January 2027 234 619 Euro Term Loan Facilities due September 2030 1,168 — Revolving Credit Facility A due July 2027 — 157 Revolving Credit Facility B due July 2027 — 328 Long-term debt, less current portion 4,064 5,153 Euro Term Loan Facilities due January 2027 117 208 Current portion of long-term debt 117 208 Total debt 4,181 5,361 Less: Cash and cash equivalents 1,599 584 Less: Debt issuance costs, net - Revolving Credit Facility A due July 2027 5 — Less: Debt issuance costs, net - Revolving Credit Facility B due July 2027 5 — Net debt 2,572 4,777 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 September 30, For the nine months ended September 30, 2025 2024 2025 2024 Income (loss) from continuing operations 95 (46) 43 154 Provision for income taxes 40 61 137 161 Interest expense, net 36 53 130 160 Foreign exchange loss, net 1 39 132 23 Restructuring — 38 21 39 Stock-based compensation 3 12 15 31 Other expense, net 12 4 23 12 Adjusted EBIT 185 162 500 580 Income (loss) from continuing operations 95 (46) 43 154 Provision for income taxes 40 61 137 161 Interest expense, net 36 53 130 160 Foreign exchange loss, net 1 39 132 23 Depreciation 45 42 135 127 Amortization - service revenue (1) 53 51 154 150 Amortization - non-purchase accounting 8 6 21 17 Amortization - purchase accounting 2 2 7 7 Restructuring — 38 21 39 Stock-based compensation 3 12 15 31 Other expense, net 12 4 23 12 Adjusted EBITDA 294 264 818 880 (1) Includes amortization of upfront license fees Cash flows from operating activities - continuing operations (439) 173 (6) 489 Capital expenditures (65) (30) (239) (104) Free Cash Flow (504) 144 (245) 385 Brightstar Lottery PLC Reconciliation of Non-GAAP Financial Measures (Unaudited) For the three months ended September 30, For the nine months ended September 30, 2025 2024 2025 2024 Pre-Tax Impact Tax Impact (1) Net Impact Pre-Tax Impact Tax Impact (1) Net Impact Pre-Tax Impact Tax Impact (1) Net Impact Pre-Tax Impact Tax Impact (1) Net Impact Reported EPS from continuing operations attributable to Brightstar Lottery PLC - diluted 0.29 (0.39) (0.31) 0.17 Adjustments: Foreign exchange loss, net — — 0.01 0.19 (0.03) 0.22 0.66 (0.03) 0.69 0.11 — 0.11 Amortization - purchase accounting 0.01 — 0.01 0.01 — 0.01 0.03 — 0.03 0.03 0.01 0.03 Loss on extinguishment and modifications of debt, net 0.04 — 0.04 — — — 0.04 — 0.04 — — — Restructuring — — — 0.19 0.06 0.13 0.10 0.03 0.08 0.19 0.06 0.13 Other (non-recurring adjustments) 0.01 — 0.01 0.01 — 0.01 0.04 0.01 0.03 0.02 — 0.02 Net adjustments 0.07 0.38 0.86 0.29 Adjusted EPS from continuing operations attributable to Brightstar Lottery PLC - diluted 0.36 (0.02) 0.55 0.46 Reported effective tax rate 29.6 % 394.3 % 76.1 % 51.0 % Adjusted effective tax rate 26.7 % 68.9 % 38.9 % 45.1 % Adjusted EPS weighted average shares outstanding (in millions) 196 (2) 202 (3) 201 (2) 203 (2) (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 (3) Excludes the anti-dilutive impact of share-based payment awards Recast Historical Financial Information Recast data reflects the streamlined presentation of Brightstar's condensed consolidated statements of operations with no effect on previously reported total revenues, income from continuing operations, or net income. Brightstar Lottery PLC Condensed Consolidated Statements of Operations ($ and shares in millions, except per share amounts) Unaudited For the three months ended For the three months ended For the year ended 2025 2024 2023 June 30, March 31, December 31, September 30, June 30, March 31, December 31, Service revenue (includes amortization of upfront license fees) 588 557 591 566 586 619 2,358 Product sales 42 26 60 20 27 42 171 Total revenue 631 583 651 587 613 661 2,529 Cost of services (excluding Depreciation and amortization) 279 262 273 261 265 269 1,048 Cost of product sales (excluding Depreciation and amortization) 34 20 44 22 20 24 105 General and administrative 60 63 57 61 56 60 252 Research and development 11 11 10 12 11 11 36 Sales and marketing 30 32 34 30 29 29 107 Depreciation and amortization 54 54 52 51 51 49 215 Restructuring 21 — — 38 — — 13 Interest expense, net 49 46 46 53 53 53 207 Foreign exchange (gain) loss, net 99 33 (75) 39 (4) (11) 44 Other expense, net 5 6 4 4 4 4 13 (Loss) income from continuing operations before provision for income taxes (10) 56 206 15 127 173 488 Provision for income taxes 50 48 89 61 43 57 223 (Loss) income from continuing operations (60) 8 116 (46) 84 116 265 Income from discontinued operations, net of tax 40 52 136 88 — 13 43 Net (loss) income (20) 60 253 43 85 128 307 Less: Net income attributable to non-controlling interests from continuing operations 36 31 34 34 41 45 149 Less: Net income attributable to non-controlling interests from discontinued operations 2 2 1 1 2 2 2 Net (loss) income attributable to Brightstar Lottery PLC (58) 27 217 7 42 82 156 Net (loss) income from continuing operations attributable to Brightstar Lottery PLC per common share - basic (0.47) (0.11) 0.41 (0.39) 0.21 0.35 0.58 Net (loss) income from continuing operations attributable to Brightstar Lottery PLC per common share - diluted (0.47) (0.11) 0.40 (0.39) 0.21 0.35 0.57 Net (loss) income attributable to Brightstar Lottery PLC per common share - basic (0.29) 0.13 1.08 0.04 0.21 0.41 0.78 Net (loss) income attributable to Brightstar Lottery PLC per common share - diluted (0.29) 0.13 1.07 0.04 0.21 0.40 0.77 Weighted-average shares - basic 203 202 202 202 201 200 200 Weighted-average shares - diluted 203 202 204 202 203 203 203 SOURCE Brightstar Lottery PLC

BRIGHTSTAR LOTTERY PLC REPORTS THIRD QUARTER 2025 RESULTS

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