Overview
US digital gaming firm's Q1 revenue rose 17% yr/yr
Company returned to profitability with Q1 net income after prior-year loss
Adjusted EBITDA for Q1 grew 26% yr/yr; Meridianbet segment drove revenue gains
Outlook
Company sees Q2 2026 revenue between $51 mln and $53 mln
Result Drivers
MERIDIANBET SEGMENT - Main revenue driver with 26% yr/yr growth and nearly 70% of total revenue
USER GROWTH - New customer registrations in Meridianbet up 41% yr/yr; depositors and active users also increased
DELEVERAGING - Net debt reduced to $13.4 mln from $35.4 mln a year earlier, improving financial flexibility
Company press release: ID:nACSjH8SLa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$50.10 mln
$50.01 mln (2 Analysts)
Q1 Net Income
Beat
$2.30 mln
$800,000 (1 Analyst)
Q1 Adjusted EBITDA
Beat
$6.30 mln
$6.10 mln (1 Analyst)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "hold."
Wall Street's median 12-month price target for Meridian Holdings Inc is $17.00, about 135.5% above its April 27 closing price of $7.22
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 15 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)