GiG’s First Independent Year Delivered Strong Results

GiG Software, a leading B2B iGaming technology company, has published its latest financial report, highlighting strong performance across the board. The leadership hailed the results, which highlighted the company’s strength, despite 2025 being its first full year as an independent business.

GiG Recorded Improvements Across the Board

In its report, GiG highlighted Q4 2025 revenue of EUR 9.5 million ($11.2 million), marking an increase of 8% year-on-year. To put things into perspective, GiG reported revenue of EUR 8.8 million for the prior year quarter.

At the same time, the company’s adjusted EBITDA for the period increased by a whopping EUR 1.4 million to EUR 1.5 million ($1.8 million) at a margin of 15%. For comparison, the adjusted EBITDA for Q4 2024 was only EUR 0.1 million at a margin of 1%.

The company’s Q4 2025 operating loss reduced significantly to EUR 3.6 million ($4.25 million) from EUR 6.1 million in Q4 2024.

As for the full year, GiG reported revenue of EUR 37.6 million ($44.4 million), versus EUR 31.8 million in the prior year. This was equivalent to an increase of 18%.

Adjusted EBITDA for the period amounted to EUR 4.3 million ($5.1 million), at a margin of 11%. In 2024, the company reported an underlying loss of EUR 3 million at a margin of -9%.

The company’s operating loss for the year was slashed almost in half compared to 2024. Operating loss for 2025 was EUR 15.2 million ($17.9 million), versus a loss of EUR 28.2 million in 2024.

As of December 2025, GiG had EUR 9.9 million ($11.7 million) in cash and cash equivalents.  

Q4 Saw the Company Form New Partnerships

Q4 was a fruitful period for the company in many ways. Additional highlights for Q4 included six launches, including one with ITV Win.

GiG also reported continued new business momentum, leading to five commercial agreements for both platform and sportsbook services in Q4.

The company also reported progress in its cost optimization program, which includes the introduction of new AI-based tools.

Beyond Q4, GiG noted that it just penned a new platform and sportsbook migration agreement with Jupiter Gaming.

GiG Remains Bullish on 2026

In its announcement, GiG reiterated its goal of achieving underlying cash generation by the end of the first half of 2026. The company also outlined its full-year guidance, saying that it expects FY 2026 revenue of EUR 44-48 million ($51.9-56.6 million), as well as adjusted EBITDA in the EUR 10-13 million ($11.8-15.3 million) range.

CEO Richard Carter was pleased with 2025, noting that this was the company’s first full year as an independent, listed company. He was also bullish on 2026, trusting in his team’s ability to go further.

Carter said: “We enter 2026 with strong momentum and expect to deliver sustained revenue and adjusted EBITDA growth through accelerated customer additions and continued operational discipline.”