Gentoo Media has released a trading update for Q4 2025 that despite including a 29% year-on-year revenue decrease did report a fairly confident outlook for 2026.
For the last quarter of 2025, Gentoo raised €25.5m ($30.4m) in revenue and an EBITDA of €41.4m – these figures look markedly less impressive than the €35.9m generated in Q4 2024, but it was during that time that the company split from Gaming Innovation Group (GiG).
Overall, this year’s Q4 played its part in a full-year revenue figure of €98.6m, another move in the wrong direction compared to 2024’s €124.5m. But with with January trading reportedly carrying on in accordance with budgetary expectations, all of these figures have seemingly informed predictions of a return to growth in 2026.
The iGaming affiliate has taken the opportunity to share that it will be initiating a refinancing of outstanding bonds and its credit facility.
Though this is not expected to return the company to 2024’s highs, even the lower bound of its 2026 full-year revenue estimate would represent a 6% improvement.
The company has offered a range of between €105m and €115m, with the caveat that this “should be considered an early indication of management’s current expectations for the year.”
Operationally, that guidance, which includes an estimated adjusted EBITDA of €49m-€54m, takes into account the record-high end-user deposit volumes that Gentoo Media achieved at partner operators in Q4 – supposedly exceeding €200m.
Further reflections on 2025 acknowledge €5m in non-recurring costs related to operational improvement initiatives and restructuring, as well as €38m that headed out the door in relation to its split from GiG.
These outgoings should continue to decrease in 2026 and, in the case of the improvement initiatives, ought to pay dividends in the future.
A full Q4 2025 Interim Report will be released on 24 February 2026.
Gentoo Media announced its split with Gaming Innovation Group in September 2024
