iGaming companies report mixed Q3 results as revenue and profit diverge
An analysis of Q3 2026 results for 20 iGaming companies found mixed performance across B2B suppliers and operators. Betsson reported record quarterly revenue of €326.5m while EBITDA fell 23%, and Flutter Entertainment increased revenue 2% to $3.87bn but recorded a $1.148bn net loss. The analysis said the reported earnings measures are not directly comparable.
Investors cannot treat reported EBITDA and adjusted earnings measures as like-for-like profitability indicators across companies.