Galaxy Gaming has reported its financial results for Q3 2026, having set a new quarterly record in recurring revenues after generating nearly $8m and increasing the total 9.7% year-over-year.
Net revenue for the supplier climbed 8.9% to nearly $8m as well, with recurring revenues having accounted for “essentially all” of Galaxy Gaming’s Q3 total.
“Recurring revenue reached another record and now makes up essentially all of our revenue, which reflects the deliberate shift we’ve made away from one-time sales toward placements that earn over their full life,” Galaxy Gaming CEO Matt Reback said.
“With the merger process completely behind us, our team is fully focused on building on that momentum.”
In July 2026, Evolution formally terminated its merger agreement to acquire Galaxy Gaming, ending a transaction that had remained pending for two years as the organizations sought regulatory approvals.
Galaxy Gaming Net Income/Loss History - Q3
in $mil
Although the acquisition will no longer proceed, Evolution emphasized that it expects to continue working with Galaxy Gaming through their existing commercial partnership.
During Q3, Galaxy Gaming also managed to report a significant rise in the supplier’s net income, which increased 393.6% to $5.1m. The substantial increase was primarily a result of Evolution having to pay Galaxy Gaming a $5.2m termination fee for the now-concluded merger agreement.
Despite the increases in net revenue and net income for Galaxy Gaming, the supplier also reported a 0.5% decrease in adjusted EBITDA to just over $3.2m.
Galaxy Gaming’s Core business accounted for nearly $5m of its total Q3 revenue and increased 10%, while the supplier’s digital operations drove $3m of revenue during the quarterly period for growth of 7.1%.
To provide additional leadership for Galaxy Gaming, the supplier added former Ameristar Casinos President & CEO John Boushy to its Board of Directors on October 21. Boushy succeeded Meredith Brill who stepped down from the position following four years of service.
Following a successful rollout of Galaxy Gaming’s Monopoly Blackjack Progressive in the UK, Metropolitan Gaming chose to extend the launch to its portfolio in Egypt on August 26
