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DraftKings reported higher revenue and a second consecutive quarter of net profit during Q1 2026 as the company improves profitability across its operations. Revenue for the three months ending 31 March reached $1.65 billion, representing a 16.8% increase year-on-year. Adjusted EBITDA also rose 63.7% to $167.9 million. The company achieved this growth despite a 4.2% […]
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Genius Sports raised its full-year 2026 guidance after reporting a 30.5% increase in revenue during Q1. For the three months before 31 March, revenue reached $188 million compared to $144 million from last year. Adjusted EBITDA also increased 21.3% year-on-year to $41.7 million. The company said growth was driven by expansion across its betting technology […]
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Light & Wonder reported higher revenue and stronger adjusted free cash flow during Q1 2026. However, net income declined because of legal reserve contingencies and settlements. Revenue for the quarter ending 31 March increased 2% year-on-year to $790 million from $774 million. However, net income fell 37% to $52 million, or $0.66 per diluted share, […]
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Key Points Kambi entered into a multi-province deal with ALC and BCLC to provide a joint PROLINE sports book for seven provinces in Canada using both online and retail sales outlets. With this deal, Kambi is now well-positioned to reach nine of Canada’s ten provinces as the regulated betting market expands, following its existing deal […]
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Key Points There is an enormous growth in dubious online betting in the United Kingdom growing from £5 billion in 2019 to £16.6 billion in 2025, which means a significant growth of £11.6 billion. While this is happening, the revenue generated by the operators has more than doubled, from the amount made in 2023 to […]
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Key Points Following a six-month evaluation process of Ryan Comstock’s tenure as acting CEO of the firm, Ainsworth officially confirmed him as CEO following the resignation of former CEO Harald Neumann in October 2025. The leader confirmation announcement is made during a dispute between two parties: the son of the firm’s founder Len Ainsworth and […]
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