Gaming Corps (GCOR) Q2 2026 earnings summary

Executive summary

• Net revenue for Q2 2026 reached 21.1 MSEK, up 106% year-over-year and 40% sequentially from Q1 2026.

• Period result improved to -7.2 MSEK, a 35% improvement from the previous quarter.

• Strategic partnership with Denwena/DEGEN Studios was terminated, expected to reduce costs in coming quarters.

• Distribution expanded to over 2,310 online casinos across 50+ markets.

• New partnerships signed with Entain, evoke plc, and Games Global.

Financial highlights

• Net revenue: 21,083 KSEK in Q2 2026 vs. 10,240 KSEK in Q2 2025.

• EBITDA: -5,753 KSEK in Q2 2026, improved from -7,844 KSEK in Q2 2025.

• Operating result: -6,785 KSEK in Q2 2026, up from -9,496 KSEK in Q2 2025.

• Net result: -7,217 KSEK in Q2 2026, improved from -7,950 KSEK in Q2 2025.

• Cash and cash equivalents at period end: 1,458 KSEK.

Outlook and guidance

• Continued strong revenue growth expected, with July 2026 showing robust figures.

• Cost base anticipated to decrease due to partnership termination.

• Planned increase in proprietary game releases to 2-4 per month from Q3 2026.

• Focus on expanding presence among national lotteries and state-controlled operators.