Allwyn has shared its Q1 earnings, revealing that the company recorded €1.2 billion in quarterly net revenue, driven by its acquisition of fantasy sports operator PrizePicks....
GiG posts 2% YoY decline in Q1 2026 revenue
Gaming Innovation Group (GiG) has shared its Q1 earnings, showing a slight 2% year-on-year decline in revenue, which stood at €9 million, compared to 2025’s €9.1 million.
The company also saw its operating net loss increase from €4.4 million in 2025 to €5 million in Q1 2026, while adjusted EBITDA dropped from €0.4 million to €0.2 million, representing a 2% margin decrease.
GiG generated 56% of its revenue from minimum guarantees and 44% from revenue share, as new launches and customer growth accounted for €0.9 million of the revenue. Operational cash flow on a year-on-year basis rose by €0.6 million, and cash position stood at €5.4 million at the end of the quarter.
CEO Richard Carter commented:
“GiG has made a solid start to the year, further strengthening our operational base for the remainder of 2026. We are collectively excited by the growth in our core business, alongside new launches and additional commercial agreements with new and existing customers.”
The company revealed plans to expand into Alberta’s soon-to-be-opened market and focus on the sportsbook segment, especially with the FIFA World Cup approaching. GiG is also looking to further integrate AI into its operations by introducing AI-powered hyperpersonalization in its sportsbook.
The CEO added:
“We have now created a robust operational framework, closely aligned with strong cost control, founded on an AI-first approach designed to deliver underlying cash flow generation whilst enabling long-term, sustainable profit growth as revenue growth accelerates from the second half of this year.”
GiG’s full-year guidance estimates that revenue will stand between €44 million and €48 million, while adjusted EBITDA is expected to be from €10 million to €13 million.
Q1 2026 was a reality check for the iGaming industry, giving a much clearer picture of where the operators’ market is heading. Super Group, Codere Online, Flutter...
