Affiliate Gentoo Media has reported Q1 2026 revenue of €24.0m ($27.2m), down 5% year-on-year, as lower sports margins in February offset improved profitability from its ongoing restructuring programme.
EBITDA before special items increased 19% to €10.5m, while the EBITDA margin rose to 44% from 35% in Q1 2025. EBITDA was €8.9m, operating profit was €3.7m and profit after tax was €0.2m, compared with a €2.9m loss in the prior-year period.
The affiliate said quarterly costs were reduced by approximately €3m, equal to around €12m in annualised savings. Headcount fell from 404 to 292 employees as part of the realignment announced in 2025.
Gentoo Media’s revenue mix remains weighted toward revenue-share agreements, which represented 60% of Q1 revenue. Listing fees and other income made up 26%, while CPA arrangements accounted for 14%.
Europe contributed 59% of quarterly revenue, followed by the rest of world at 23% and the Americas at 18%.
The affiliate said player intake fell 14% to 81,400 first-time depositors, partly due to lower investment in Brazil and a narrower website portfolio. Value of deposits remained at €201m, with North America player intake up 150%.
Gentoo Media has also continued to reduce leverage. Interest-bearing debt, including deferred payments, has fallen by €18.1m since the start of 2025, while the €18m revolving credit facility was repaid through a shareholder-backed loan structure.
CEO Jonas Warrer said: "Q1 was a stable start to 2026, supported by a more efficient operating model, smarter resource allocation and continued focus on profitability."
Gentoo Media expects further improvement through 2026, helped by stronger second-half seasonality and the FIFA World Cup.
In January 2026, Gentoo Media reported 2025 revenue of €98.6m and issued preliminary 2026 guidance of €105m-€115m, following record end-user deposit volumes in Q4.
Gentoo Media’s portfolio includes AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister
