Noticias y eventos de Grandstand Limited (GRSD)GRSDGrandstand Limited

Gambling.com Group Renames to Grandstand Limited

Gambling.com Group announced that it has changed its name to Grandstand Limited. Beginning with the market open on July 23, the company's ordinary shares will trade on the Nasdaq Global Market under the ticker symbol "GRSD". "Since its IPO in July 2021, the Company has materially diversified its business beyond performance marketing. The rebrand to Grandstand evolves the company name to better align with where it sits today - at the heart of the sports and gaming ecosystem, making consumers sharper and partners stronger through its broad portfolio of data, technology, content and audience solutions. The new corporate name draws a clear distinction between Grandstand, the company, and Gambling.com, the consumer brand, which will continue to operate as a trusted comparison and reviews website," the company stated.

Grandstand Limited Reports Q2 Revenue of $37.8M

Reports Q2 revenue $37.8M, consensus $37.48M. Kevin McCrystle, Chief Executive Officer and Co-Founder of Grandstand Limited, commented, "Second quarter revenue of $37.8 million and Adjusted EBITDA of $7.7 million were in line with our expectations. Sports data services revenue rose 12% year-over-year, with our B2B OpticOdds solution growing at a significantly higher rate. Enterprise revenue accounted for a majority of sports data revenue in the second quarter and will continue to be a primary driver of top-line growth for our business. Within our marketing business, non-SEO revenue accounts for two-thirds of revenue, and this diversification gives us increasing visibility for a return to full-year marketing revenue growth next year. Importantly, we generated nearly $10 million in Adjusted free cash flow in the second quarter illustrating the health of our business."

Company Adjusts FY26 EBITDA Outlook to $45M-$50M

Backs FY26 adjusted EBITDA view $45M-$50M.