GiG Software Lifts Q3 Revenue And EBITDA
GiG Software has reported double digit revenue growth and a return to positive adjusted EBITDA in the third quarter of 2025. Revenue rose to €9.7 million, an increase of 31% compared with the same period last year, while operating losses narrowed significantly. The company paired its financial performance with new launches and contracts in the UK, Europe and Latin America.
Q3 Revenue And Profitability
GiG Software reported Q3 2025 revenue of €9.7 million, which represents growth of around one third year on year. Adjusted EBITDA moved back into positive territory with a mid-teens margin after a loss in the same period of 2024. Operating losses narrowed clearly both in the quarter and across the first nine months of the year, with management signalling that the group is moving closer to break even. Over that nine month period, revenue posted double digit growth while underlying losses were cut by about half compared with the previous year. The company links this improvement to higher scale, a better mix of clients and tighter control of operating costs. Executives also highlight a more robust equity position, which they believe should support current plans without the need for additional capital.
Launch Pipeline And AI Strategy
GiG completed three launches in the quarter, including its sportsbook in the UK, taking 2025 launches to ten. Two more brands went live in October, keeping the company on track for fifteen launches this year, while five new commercial agreements in Q3 expanded its presence in Europe and Latin America. The deal with a Brazilian focused operator and a major European lottery broadened the addressable market and opened a new vertical for the group.
Richard Carter 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.”
- See Also: GiG Software Reports Q2 Profitability
After the quarter, GiG agreed to provide platform and sportsbook services to a European operator targeting the French market, adding further geographic diversity. Management highlights continued investment in product development and commercial execution, supported by the stronger equity position. AI remains central to the strategy, with systems used in fraud management, personalisation, testing, marketing and operational monitoring. The company expects AI based tools to support most workflows by 2026, with the aim of improving margins and long term customer value.