GiG Reports Solid Growth and Positive Outlook in First Independent Year
GiG Delivers Strong Financial Performance in 2025
Gig Software, a prominent B2B iGaming technology provider, has released its latest financial results, showcasing robust growth and operational strength. The 2025 report marks their first full year operating independently, reflecting promising advancements for the company despite the challenges of transitioning into a standalone business.
Significant Growth Across Key Financial Metrics
In the fourth quarter of 2025, GiG achieved revenues of EUR 9.5 million (approximately $11.2 million), representing an 8% increase compared to EUR 8.8 million in the same period the previous year. This growth is accompanied by a marked improvement in profitability, with adjusted EBITDA reaching EUR 1.5 million ($1.8 million), up by EUR 1.4 million from Q4 2024. The EBITDA margin also climbed significantly to 15%, compared to just 1% in the prior year.
The company reduced its operating loss in Q4 2025 to EUR 3.6 million ($4.25 million), a substantial improvement from the EUR 6.1 million loss reported in Q4 2024.
For the entire year of 2025, GiG posted revenue of EUR 37.6 million ($44.4 million), marking an 18% year-over-year increase from EUR 31.8 million. Adjusted EBITDA for the year was EUR 4.3 million ($5.1 million) with an 11% margin, a remarkable turnaround from the underlying loss of EUR 3 million in 2024. Operating losses were also nearly halved, dropping to EUR 15.2 million ($17.9 million) from EUR 28.2 million the previous year.
As of December 2025, the company held EUR 9.9 million ($11.7 million) in cash and cash equivalents, strengthening its financial position going forward.
Expansion Through New Partnerships and Operational Efficiencies
The end of 2025 proved to be a productive period for GiG, highlighted by six new market launches, including a notable collaboration with ITV Win. Additionally, the company secured five new commercial agreements covering both platform and sportsbook services, showcasing robust new business momentum.
GiG has also advanced its cost reduction initiatives by incorporating innovative AI-driven tools, contributing to operational efficiencies. Beyond the fourth quarter, the company finalized a platform and sportsbook migration deal with Jupiter Gaming, further expanding its client base and service offerings.
Optimistic Outlook for 2026
Looking ahead, GiG is confident about maintaining positive growth and has set targets for the upcoming year. The company aims to achieve positive underlying cash flow by mid-2026. It also forecasts full-year 2026 revenue to range between EUR 44 million and EUR 48 million ($51.9 million to $56.6 million), with adjusted EBITDA expected to fall between EUR 10 million and EUR 13 million ($11.8 million to $15.3 million).
CEO Richard Carter expressed satisfaction with the past year’s accomplishments and optimism for the future. He emphasized the team’s momentum and their commitment to driving continuous revenue and profitability growth through strategic customer acquisition and disciplined operations.
