Universal Entertainment narrows losses in Q1 as equipment sales surge
Operating profit returns on stronger Pachislot demand despite continued IR headwinds.
Operating profit returns on stronger Pachislot demand despite continued IR headwinds.
Revenue falls to PHP 13.06bn (US$211.58m) amid softer gaming performance and higher interest costs.
The workforce reduction will be carried out through an AI-transformation led initiative and is expected to generate $13m in annualized cost savings for Gambling.com Group.
Gaming division posted record quarterly results in fiscal Q2 2026, offsetting weaker performance at the operator’s domestic casinos amid unfavorable table hold at Mohegan Sun.
Operating loss was also improved over the first quarter as net loss was reduced by 55% year-on-year.
Strong results as esports drives sustained 91,4% GGR growth across partners
The operator’s revenue fell compared to last year but rose compared to last quarter, with adjusted EBITDA dropping 24% year-over-year.
Operator returns to profit despite softer March performance.
The net income figure for Q1 2026 equates to a 3931.6% increase year-over-year, while operating income rose to $771,000 after witnessing a loss of $15,000 for the first quarter of 2025.
The operator’s total profit for the first quarter of 2026 increased 48.7% to $35.4m, while DoubleDown also managed to grow adjusted EBITDA by 24% to $38.2m.