Grandstand Q2 revenue slightly beats estimates as enterprise solutions drive data services growth
GRSD•Outlook
- Grandstand reiterates 2026 full-year revenue guidance of $165 mln to $170 mln
- Company expects 2026 Adjusted EBITDA of $45 mln to $50 mln
- Grandstand sees sequential revenue and Adjusted EBITDA growth in H2 2026, aided by cost savings
Overview
- US sports and gaming data provider's Q2 revenue slightly beat analyst expectations, down 5% yr/yr
- Q2 adjusted EBITDA beat estimates but fell 44% yr/yr due to higher marketing costs
- Company reiterated 2026 full-year guidance and expects margin expansion after May restructuring
Result Drivers
- Data services growth - Co said 12% yr/yr growth in data services revenue, led by enterprise solutions, helped offset declines elsewhere
- Marketing revenue decline - Co said 10% yr/yr drop in marketing revenue reflected weaker organic search, partly offset by growth in partner and paid channels
- Higher costs from traffic diversification - Co said increased cost of sales was primarily due to strategy to diversify traffic sources in marketing business
Analyst coverage
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