Meridian Holdings Q3 revenue falls 3% to $46.0M; net loss $13.3M on $11.5M impairments

Meridian Holdings Inc./NV

2026-Q3 EPS reported -$0.70 vs consensus $0.16 ▼ miss (-547.6%)

Q3 2026 revenue was $46.0 million, down 3% year-over-year; net loss attributable to Meridian Holdings was $13.3 million, including $11.5 million of non-cash impairment charges.
Nine-month revenue rose 10% to $146.3 million; Meridianbet Group revenue rose 16% to $103.8 million, led by online casino up 21%.
Nine-month operating cash flow was $17.7 million; total debt fell 47% to $24.1 million and net debt fell 65% to $8.1 million, a seventh straight quarter of deleveraging.
CEO Zoran Milosevic cited customer-favorable sports results, Brazil's suspension of fixed-odds betting including online casinos, and higher operating costs.
The company expects higher fourth-quarter betting volume and online casino momentum, targeting margin improvement through more targeted marketing and retail footprint optimization.

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