Meridian Holdings publishes third-quarter 2026 earnings call transcript
MRDN•Meridian Holdings lowered its full-year revenue expectations to $195 million-$198 million. Third-quarter revenue fell 3% to $46 million, the company reported a $13.3 million net loss attributable to shareholders, and adjusted EBITDA declined to $400,000 from $4.8 million a year earlier.
1. Quarterly results and outlook
Meridian Holdings held its third-quarter earnings call on November 10, 2026, with CEO Zoran Milosevic and President and CFO William Scott. Management revised full-year revenue expectations to $195 million-$198 million, citing Brazil's suspension, weaker prize competition businesses and customer-favorable sports results. The company reported $11.5 million in noncash impairment charges, including $5.5 million tied to Brazil, and expects no Brazilian operations for the rest of 2026. Adjusted EBITDA fell to $400,000 from $4.8 million a year earlier, reflecting lower gross profit and higher operating costs.
