GiG Software reports Q3 results, revenue up by 31%

• In Q3, GiG Software recorded a 31% year-over-year increase in revenue and strong Adjusted EBITDA growth
• The company completed important operational milestones, significantly growing its presence and strengthening its offering
• Richard Carter, GiG's Chief Executive Officer, comments on the topic

The leading B2B iGaming technology company, GiG Software Plc, released its latest financial report, highlighting details regarding its performance during Q3 2025 or the three months ended September 30, 2025.

Besides financial highlights, the company acknowledged key operational achievements accomplished during the recent trading period.

Strong results include positive Adjusted EBITDA and revenue increase

Notably, GiG Software's Q3 revenue soared year-over-year, hitting €9.7m, up by 31% when compared to the corresponding period in 2024.

Not unexpectedly, Adjusted EBITDA during the third quarter of this year increased as well.

In Q3 2024, the company posted an Adjusted EBITDA loss of €1.1m, at a margin of -15%, while during the corresponding period this year, Adjusted EBITDA increased by €2.3m to €1.2m at a margin of 13%.

As of September 30, 2025, GiG Software's cash and cash equivalents balance was €4.7m, the latest report reveals.

According to the company's Q3 trading results, at the end of the quarter, GiG received €11m in relation to its directed share issue.

"In light of this, the Board are satisfied with the current strength of the Company’s Balance Sheet and, in the interest of all shareholders, do not currently envisage the need for additional funds," the company explained in a press release.

GiG's financial progress is encouraging, says CEO

Focusing on operational highlights, GiG said that in Q3, it completed three launches, including a major sportsbook deal in the UK. Two additional launches were successfully completed after the end of Q3, the company said.

On a global scale, GiG maintained a positive business momentum with five commercial agreements signed in Q3, growing its presence by teaming up with a European Lottery and focusing on expansion in Brazil.

Richard Carter, GiG's Chief Executive Officer, spoke with excitement about the recently released results.

"We continue to be encouraged with our ongoing financial and operational progress across the business," he said.

Moreover, Carter pointed out: "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."

According to GiG's boss, the company made strong progress during the latest trading period.

"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," Carter said in conclusion.

Image credit: Pixabay.com