Galaxy Gaming Q3 net income rises on merger termination fee
GLXZ•Galaxy Gaming's third-quarter revenue rose 9% year over year to $8 million, while net income was $5.12 million, boosted by a $5.2 million merger termination fee and offset by related costs.
1. Quarterly results
Galaxy Gaming said third-quarter revenue rose 9% year over year to $8 million, driven by record recurring revenue. Net income was $5.12 million, including a $5.2 million merger termination fee, offset by related costs; adjusted EBITDA was $3.22 million.
2. Outlook and capital
The company expects 2026 perpetual license sales to be lower than the prior year and expects to grow free cash flow for business reinvestment and share repurchases. It repurchased $1.7 million of shares and warrants, reducing its diluted share count by 4.2%, and anticipates new Galaxy Link placements in coming quarters.
3. Revenue drivers
Galaxy Gaming attributed growth to new U.S. placements and higher international participation revenue, led by GOS and MONOPOLY-branded systems. Digital revenue rose on higher play volume and new customer launches.
