Spanish gaming operator Cirsa posted a 35.9% increase in nine-month adjusted net profit to €202.1 million ($226.4 million), supported by a 10% revenue rise to €1.89 billion ($2.12 billion). Adjusted EBITDA grew 9.3% over the period, despite elevated promotional spending and unfavorable sporting margins impacting online betting operations. The performance update precedes an upcoming shareholder vote on the company's proposed merger with Lottomatica.
Summary based on reporting by Yogonet, which retains all rights to its text and images.
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The Dutch gambling market has contracted following steep declines in online verticals, according to data from the Dutch Gaming Authority. In 2025, online casino revenue decreased by 18.2%, while online sports betting revenue experienced a 30.2% drop. Conversely, player engagement expanded in the first half of 2026, with an overall increase in active online gambling accounts.
Melco Resorts & Entertainment reported a 10.4% year-on-year decline in third-quarter operating revenue to $1.17 billion, down 6.4% sequentially from Q2. The downturn was driven by softer gaming demand across Macau, which negatively impacted rolling chip, mass-market table games, and non-gaming verticals. In addition, the operator's Adjusted Property EBITDA dropped 24.4% compared to the prior-year period.
Flutter Entertainment has revised its full-year 2026 outlook downward after posting a $1.15 billion net loss in the third quarter, citing adverse sports results and regulatory restrictions in Brazil. The company trimmed its annual revenue midpoint to $17.61 billion and adjusted EBITDA forecast to $2.49 billion. To offset the downturn, the operator plans to execute $500 million in cost-saving measures.
PENN Entertainment reported a 7% increase in revenue to $1.84 billion for the third quarter of 2026. The results reflect ongoing top-line growth across the operator's gaming and entertainment portfolio.
Genius Sports has increased its 2026 revenue forecast to surpass $1bn, alongside higher EBITDA projections, following third-quarter partnerships with major prediction market operators. The company is actively working to narrow its net loss, which reached $147.9m year-to-date in Q3. The revised outlook reflects accelerating commercial momentum heading into the medium term.