Brightstar Lottery Plc's Business Segments

The company prepares its Consolidated Financial Statements in accordance with GAAP, incorporating significant estimates, judgments, and assumptions that affect asset and liability valuations as well as income and expense recognition. For the year ended December 31, 2025, service revenues amounted to $2.4 billion, and product revenues totaled $151 million. Contracts frequently include both services and products, requiring management to identify distinct performance obligations and apply judgment in revenue recognition, including evaluations of contract collectability and variable considerations such as rebates and discounts. The Board of Directors consists of 13 members as of February 19, 2026, including eight independent directors in compliance with NYSE standards for non-controlled domestic U.S. issuers. The company maintains an Observer Agreement with De Agostini, permitting an observer to attend Board meetings. Key executives include Marco Sala, Executive Chair of the Board; James F. McCann, Vice-Chairperson and Lead Independent Director; and Massimiliano Chiara, Executive Vice President and Chief Financial Officer. Business operations and financial reporting are subject to ongoing review and adjustment based on market conditions and management judgments.

The Company operates its continuing operations as a single reporting segment focused on the lottery business, generating revenue from sales, operations, product development, technology, and support for traditional lottery and iLottery customers worldwide. The Chief Executive Officer serves as the chief operating decision maker (CODM), reviewing net income from continuing operations to allocate resources and assess financial performance. The CODM uses net income to guide decisions on capital expenditures, debt repayment, dividends, and acquisitions. Segment assets correspond to total assets reported on the consolidated balance sheets. Revenue is geographically distributed, with significant contributions from the U.S., Italy, the rest of Europe, and other regions. Long-lived assets are also geographically allocated. The Company conducts related party transactions with De Agostini Group, which holds a controlling interest in Brightstar and significant economic and voting interests. These transactions include payments for support services and office space rental.