Revenue remained stable despite higher gaming duties, while the proposed acquisition continues towards completion.
CEO Manuel Stan cited ‘industry-wide headwinds in organic search’ as primary reasons for the softer results during Q2 and H1 2026, as well as a ‘structural reality’ of shifting dynamics.
While net revenue during the first half of 2026 managed to rise by 3% for a total of $29.7m, adjusted EBITDA for Q2 and H1 increased 29.3% and 31.8%, respectively, to $2.6m and $5.5m.
DoubleDown’s adjusted EBITDA for Q2 increased 17.3% to $39.3m, while profit for the period rose 50.9% to $32.9m. High Roller’s Q2 revenue fell 51.6% to $2.8m, reports $2.4m net loss.
The operator also reported a 46.7% decrease in consolidated AEBITDA for Q2 to $7.3m, while Playstudios net loss for the quarter totaled $13.3m and increased 350.3% year-over-year.
Licensed casinos regained the largest share of the Philippine gaming market during the quarter as the electronic gaming segment continued to lose momentum.
The supplier’s net income grew 5% to $1m, while adjusted EBITDA rose 11% to $3.5m.
Strong pachislot demand helped lift first-half earnings despite softer integrated resort performance in the Philippines.
The company reported an all-time high quarterly net operating revenue and adjusted EBITDAR for the second quarter of 2026, even as it posted a net loss and continued weak results in Poland.
The regulated online market generated approximately €328.3m during the quarter, extending the double-digit growth recorded at the start of 2026.