Grandstand posted Q2 revenue of USD 37.8 million, down 5% year over year.
Net loss attributable to shareholders narrowed to USD 4.63 million; loss per diluted share improved to USD 0.13.
Adjusted EBITDA fell 44% to USD 7.65 million, cutting margin by 15 percentage points to 20%.
Data services revenue rose 12% to USD 11.2 million; marketing services revenue dropped 10% to USD 26.5 million.
Management commentary and guidance
Management cited restructuring savings and a stronger sports calendar in H2; 2026 guidance reiterated for revenue of USD 165-170 million and adjusted EBITDA of USD 45-50 million.
GRSD•
