XLMedia completed the sale of its Europe and Canada sports betting and gaming assets to Gambling.com Group on 1 April, the companies said. The consideration is up to $42.5m, comprising $37.5m fixed and a potential $5m earnout; XLMedia received an initial $20m payment the following day.
The sale transfers a portfolio of Europe and Canada gambling-affiliate assets to Gambling.com.
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Grandstand maintained its full-year 2026 guidance after reporting second-quarter revenue of $37.8m, down 5% year on year, and adjusted EBITDA of $7.7m, down 44%. The company attributed the revenue decline to weaker marketing revenue, which more than offset 12% growth in sports data services; it said its restructuring programme was almost complete.
Gambling.com Group Limited, listed on Nasdaq as GAMB, has changed its name to Grandstand Limited, the company announced. Its ordinary shares will trade on the Nasdaq Global Market under a new ticker symbol from the market open on 23 July 2026. The company said the new name captures its evolution into the intelligence layer of sports, gaming and entertainment.
It was reported that Gambling.com Group changed its corporate name to Grandstand and Nasdaq ticker to GRSD on 23 July 2026. Gambling.com will continue operating as a consumer comparison website.
J.P. Morgan analyst Dan Politzer said a potential acquisition of Caesars by Tilman Fertitta remained subject to significant hurdles and was reportedly still several weeks away. Analysts also reviewed Gambling.com’s first-quarter performance, Monarch Casino Resorts’ growth options and Brightstar Lottery’s results and 2026 guidance.
Gambling.com Group reported fourth-quarter 2023 revenue of $32.5 million, up 52% year on year, and full-year revenue of $108.7 million, up 42%. The company also agreed to acquire Freebets.com and other Europe and Canada assets from XLMedia; the source does not state a purchase price. CEO Charles Gillespie said the acquisition is expected to support growth.