Financial Performance - Q1 2025 - Revenue decreased by 12% Y/Y to $583 million, or 10% on a constant currency basis[35] - Operating income decreased by 37% Y/Y to $138 million, or 35% on a constant currency basis[35] - Adjusted EBITDA decreased by 24% Y/Y to $250 million, or 22% on a constant currency basis[35] - Income from continuing operations significantly decreased by 93% Y/Y to $8 million[35] - Adjusted diluted EPS decreased by 69% Y/Y to $009[35] Sales Trends - Global instant ticket & draw game same-store sales increased by 14%, normalized for calendar shifts[19, 22] - U S multi-state jackpot sales significantly decreased by 461%[22, 60] - iLottery wagers increased by over 25% due to double-digit growth across geographies[19] Liquidity and Debt - The company has significant liquidity of $22 billion, including $06 billion in unrestricted cash and $15 billion in additional borrowing capacity[41] - Pro forma net debt leverage is 28x, considering a $2 billion debt repayment[44] FY25 Outlook - The company expects revenue of approximately $255 billion and Adjusted EBITDA of approximately $110 billion, aligning with the low end of the original ranges[13] - Cash from operations is now expected to be a use of approximately $350 million, primarily to account for the incremental FX impact on the first two installments of the Italy Lotto license fee[13]