GiG Software Posts Q3 Results, Hails 888AFRICA Acquisition as “Defining Moment”

Leading B2B iGaming tech company GiG Software has actually released its newest monetary upgrade, highlighting a small decline in income and a boost in bottom line. According to the management, the outcomes show a leaner and more concentrated service.

GiG Software Published Its Q3 Report

In its report, GiG Software reported income of EUR 8.5 million ($9.5 million) for the 3rd quarter of 2026, marking a reduction of 12% from EUR 9.7 million for the prior-year duration.

The business’s changed EBITDA also reduced, experiencing a 33% decrease to EUR 0.8 million ($0.9 million). For contrast, GiG Software reported an adjusted EBITDA of EUR 1.2 million for Q3 2025. The Q3 2026 changed EBITDA margin was 9%.

In the meantime, the business’s EBIT figure laid out a loss of EUR 4.3 million ($4.8 million) versus a loss of EUR 3.5 million for the prior-year duration. GiG Software’s loss after tax likewise widened, reaching EUR 4.5 million ($5 million) for Q3 2026, versus EUR 3 million for Q3 2025.

GiG Software likewise reported net money inflow of EUR 4.5 million ($5 million), up from EUR 0.4 million for the prior-year duration. Since completion of the quarter, GiG Software had EUR 8 million ($8.9 million) in money, up from EUR 4.7 million at the end of Q3 2025.

GiG Software likewise repeated its 2026 assistance, stating that it anticipates income of EUR 45-47 million ($50.2-52.4 million) and changed EBITDA of EUR 5.5-7 million ($6.1-7.8 million). The business included that it targets profits of EUR 85-90 million ($94.8-100.4 million) and changed EBITDA of EUR 17-19 million ($19-21.2 million)for 2027.

888AFRICA Acquisition Aligned with GiG Software’s Strategy

Q3 2026 was a turning point for the business. To name a few things, the duration saw GiG Software protect an 80% stake in 888AFRICA, a cash-generative, fast-growing African B2C operator. This acquisition benefited GiG Software, boosting its cost savings.

To top all of it off, Q3 saw GiG Software restore an existing offer and form brand-new collaborations with 3 operators in Alberta, broadening its footprint in this fresh iGaming market.

GiG’s CEO, Richard Carterdiscussed the Q3 efficiency, applauding the acquisition of 888AFRICA and calling it a “specifying minute” for his group.

The addition of 888AFRICA marks a specifying minute in the development of our service as we integrate a leaner, more concentrated B2B platform company with a rewarding, fast-growing B2C operator holding a market-leading position in Mozambique and operations in Angola and Tanzania.

Richard Carter, CEO GiG Software

At the exact same time, Carter was delighted that GiG Software’s expense programs continued to provide, permitting the business to conserve millions. He stated that the prepared closure of Alira Spain is anticipated to provide additional cost savings and chances to develop a leaner and more concentrated GiG.

Carter concluded: “I am positive that the actions we have actually taken this year, both to reset our expense base and to finish this transformational acquisition, leave GiG structurally more powerful, much better capitalized and well placed to provide long-lasting worth for our investors, our clients and our individuals.”