Leading B2B iGaming tech provider GiG Software has published its latest financial update, highlighting a slight decrease in revenue and an increase in net loss. According to the leadership, the results reflect a leaner and more focused business.
GiG Software Published Its Q3 Report
In its report, GiG Software reported revenue of EUR 8.5 million ($9.5 million) for the third quarter of 2026, marking a decrease of 12% from EUR 9.7 million for the prior-year period.
The company’s adjusted EBITDA likewise decreased, experiencing a 33% decline to EUR 0.8 million ($0.9 million). For comparison, GiG Software reported an adjusted EBITDA of EUR 1.2 million for Q3 2025. The Q3 2026 adjusted EBITDA margin was 9%.
In the meantime, the company’s EBIT figure outlined a loss of EUR 4.3 million ($4.8 million) versus a loss of EUR 3.5 million for the prior-year period. GiG Software’s loss after tax also broadened, reaching EUR 4.5 million ($5 million) for Q3 2026, versus EUR 3 million for Q3 2025.
GiG Software also reported net cash inflow of EUR 4.5 million ($5 million), up from EUR 0.4 million for the prior-year period. As of the end of the quarter, GiG Software had EUR 8 million ($8.9 million) in cash, up from EUR 4.7 million at the end of Q3 2025.
GiG Software also reiterated its 2026 guidance, saying that it expects revenue of EUR 45-47 million ($50.2-52.4 million) and adjusted EBITDA of EUR 5.5-7 million ($6.1-7.8 million). The company added that it targets revenue of EUR 85-90 million ($94.8-100.4 million) and adjusted EBITDA of EUR 17-19 million ($19-21.2 million)for 2027.
888AFRICA Acquisition Aligned with GiG Software’s Strategy
Q3 2026 was a pivotal moment for the company. Among other things, the period saw GiG Software secure an 80% stake in 888AFRICA, a cash-generative, fast-growing African B2C operator. This acquisition benefited GiG Software, bolstering its savings.
To top it all off, Q3 saw GiG Software renew an existing deal and form new partnerships with three operators in Alberta, expanding its footprint in this fresh iGaming market.
GiG’s CEO, Richard Carter, commented on the Q3 performance, praising the acquisition of 888AFRICA and calling it a “defining moment” for his team.
The addition of 888AFRICA marks a defining moment in the evolution of our business as we combine a leaner, more focused B2B platform business with a profitable, fast-growing B2C operator holding a market-leading position in Mozambique and operations in Angola and Tanzania.
Richard Carter, CEO GiG Software
At the same time, Carter was pleased that GiG Software’s cost programs continued to deliver, allowing the company to save millions. He said that the planned closure of Alira Spain is expected to deliver further savings and opportunities to create a leaner and more focused GiG.
Carter concluded: “I am confident that the actions we have taken this year, both to reset our cost base and to complete this transformational acquisition, leave GiG structurally stronger, better capitalized and well positioned to deliver long-term value for our shareholders, our customers and our people.”