GRANDSTAND Ltd (GAMB) Form 6-K — Aug 13, 2026
Grandstand Limited (formerly Gambling.com Group, NASDAQ: GAMB) reported Q2 2026 revenue of $37.8 million, down 5% year-over-year, with a net loss of $4.6 million (-$0.13 per share) versus a $13.4 million loss a year earlier. H1 2026 revenue was $78.2 million, down 3%, with a net loss of $5.8 million, though H1 operating profit swung to $2.1 million from a $4.8 million loss. The decline is concentrated in marketing revenue (-10% in Q2), where Google algorithm updates reduced organic search visibility and UK gaming-duty increases plus Finland's affiliate marketing ban hit European markets — UK/Ireland revenue fell 42% and Other Europe fell 46%.
Key figures
- Eps
- -$0.13 (Q2 2026); -$0.16 (H1 2026), basic and diluted
- Revenue
- $37.764 million (Q2 2026); $78.204 million (H1 2026)
- Net Income
- -$4.626 million (Q2 2026); -$5.801 million (H1 2026)
- Total Debt
- $126.438 million principal outstanding under Wells Fargo Credit Facility ($60.938M term loan + $65.5M revolver)
- Revenue Yoy
- -5% (Q2 2026); -3% (H1 2026)
- Total Assets
- $284.423 million as of June 30, 2026
- Cash Position
- $8.809 million as of June 30, 2026 (vs $15.814 million at Dec 31, 2025)
- Shares Outstanding
- 35597464
- Q2 data revenue
- $11.227 million (+12% YoY)
- Q2 cost of sales
- $5.934 million (+119% YoY)
- H1 operating profit
- $2.095 million (vs -$4.813 million H1 2025)
- Workforce reduction
- approximately 25%
- Q2 marketing revenue
- $26.537 million (-10% YoY)
- Q2 uk ireland revenue
- $6.413 million (-42% YoY)
- Revolver availability
- $24.5 million
- Q2 north america revenue
- $26.324 million (+38% YoY)
- Minimum liquidity covenant
- $15.0 million
- Restructuring costs h1 2026
- $3.299 million ($1.648M sales & marketing, $0.744M technology, $0.907M G&A)
- Share repurchase availability
- $14.424 million
- Net current liability position
- $23.112 million (vs $7.262 million net current asset position at Dec 31, 2025)
- Oddsjam deferred consideration balance
- $26.479 million due April 1, 2027
AI analysis
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