GiG Software has reported Q3 revenue of €9.7m (£8.6m), representing a 31% year-on-year increase.

Adjusted EBITDA for the three months ending 30 September stood at €1.2m, up from the €1.1m loss the year prior, with a margin of 13%.

EBIT did improve from a loss of €60.5m in Q3 2024 to a loss of €3.5m.

Key highlights during the quarter included the launch of a sportsbook in the UK, while the supplier also signed five commercial agreements, including supplying technology to a European lottery.

For the first nine months of 2025, revenue amounted to €28m, up from €23m in 2024.

Adjusted EBITDA grew from a loss of €3.1m to a positive €2.6m, with a margin of 9%.

Reflecting on the results, CEO Richard Carter said the quarter was another period of progress for the firm.

He said: “We continue to be encouraged with our ongoing financial and operational progress across the business.

“Our new business momentum has been supported by a number of key strategic new business wins, including recent gains targeting the Brazilian market and GiG securing a major European lottery, marking our first entry into the lottery vertical.

“Q3 represented another period of progress for GiG and further evolution of the business.

“We continue to refine our go-to-market strategy and evolve our highly scalable technology platform complemented by an increasingly data-driven, AI-empowered operating model.”

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