Leading iGaming technology provider GiG Software has published its financial report for the third quarter of the year, highlighting strong metrics across the board. At the same time, the company delivered three new launches, expanding its global presence.
An Encouragingly Strong Quarter for GiG
In the three months ended September 30, GiG Software reported revenue of EUR 9.7 million ($11.2 million), marking an increase of 31% year-on-year. For comparison, the company reported EUR 7.4 million in revenue for Q3 2024.
On a year-to-date basis, revenue reached EUR 28 million ($32.2 million), which represents an increase of 22% from the prior-year period.
GiG Software’s adjusted EBITDA for Q3 2025 stood at EUR 1.2 million ($1.4 million), marking a significant increase from the adjusted EBITDA loss of EUR 1.1 million in Q3 2024. The EBITDA margin for the period was 13%.
As for the YTD, adjusted EBITDA reached EUR 2.6 million ($3 million) at a margin of 13%, showing significant improvement from the adjusted EBITDA loss of EUR 3.1 million reported for the first nine months of 2024.
Thanks to the strong performance, GiG Software’s operating loss decreased dramatically to EUR 3.7 million ($4.3 million). For comparison, operating loss reached EUR 9.7 million in Q3 2024. The operating loss for the first nine months of 2025 was slashed in half from EUR 22.1 million in 2024 to EUR 11.6 million ($13.4 million) in 2025.
GiG Software ended the quarter with a balance of EUR 4.7 million ($5.4 million) in cash and cash equivalents. It also received EUR 11 million ($12.7 million) in relation to its directed share issue and determined that it doesn’t currently need additional funds.
GiG Continued to Expand Its Business
GiG Software listed some Q3 highlights, which included three launches, including the launch of GiG’s sportsbook in the UK.
In the meantime, the business momentum continued with five new commercial agreements. One of these was a major agreement to supply a European Lottery with the technology, while another one was tied to the rapidly growing Brazilian market.
In the meantime, the company continued to pursue its key strategic growth priorities, which include the adoption of AI solutions across the iGaming sector.
Following the end of Q3, GiG Software penned another deal with a European operator, agreeing to power its operations in France.
CEO Carter Hailed the Results
GiG Software’s chief executive officer, Richard Carter, described the Q3 results as encouraging. He said that he was pleased with the overall business momentum, the new agreements, the expansion in Brazil and the recent agreements in Europe. He noted that the aforementioned agreement with a major European lottery marks GiG Software’s first entry into the lottery sector.
Carter concluded: “Q3 represented another period of progress for GiG and further evolution of the business. We continue to refine our go-to-market strategy and evolve our highly scalable technology platform complemented by an increasingly data-driven, AI-empowered operating model.”