Angler Gaming (ANGL) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 9.96% YoY to €8.72m; EBIT rose 79.62% to €3.04m and net profit rose 114.83% to €2.63m.

• Nine-month revenue increased 11.99% to €25.48m, EBIT increased 103.68% to €8.82m and net profit increased 147.45% to €7.54m.

• Strategic priorities are a proprietary-platform-focused B2B model, PremierGaming’s Swedish niche strategy and Marlin Media’s B2B AI-content offering.

Financial highlights

• Q3 revenue was €8,717,367 versus €7,928,107; gross profit was €4,822,446 versus €3,723,913.

• Q3 operating profit was €3,044,040 versus €1,694,721; profit before tax was €2,629,784 versus €1,225,970.

• Q3 net profit was €2,628,384 versus €1,223,484; basic EPS was €0.0351 versus €0.0163.

• Nine-month revenue was €25,476,689 versus €22,749,172; operating profit was €8,819,428 versus €4,330,062.

• Nine-month net profit was €7,535,059 versus €3,045,084; basic EPS was €0.1005 versus €0.0406.

Outlook and guidance

• Revised B2B commercial arrangements were expected to take effect 1 November 2026; partner agreements remained unsigned, and the arrangements had no effect on Q3 results.

• The proposed B2B model is expected to lower partner revenue while reducing operating costs as affiliate and royalty-related costs shift to partners.

• A €5.25m one-off commercial incentive is conditional on new five-year partner contracts and would reduce existing receivables.

• The transition may significantly affect profitability before expected benefits emerge; the overall financial impact could not yet be reliably estimated.

• PremierGaming’s new unique depositing players in October grew 103% versus September, supported by higher Swedish marketing spend and product launches.