Meridian Holdings swings to Q3 net loss of $14.7 million year over year; Q3 revenue falls to $46 million
MRDN•Meridian Holdings reported a third-quarter net loss attributable to shareholders of $13.3 million, including $11.5 million in non-cash impairment charges, and revenue of $46 million. It forecast full-year 2026 revenue of $195 million to $198 million, assuming Brazilian operations remain suspended.
1. Quarterly results
Meridian Holdings swung to a third-quarter 2026 net loss attributable to shareholders of $13.3 million from a year-earlier profit. Results included $11.5 million in non-cash impairment charges, including a $5.5 million write-off following Brazil's fixed-odds betting ban. Revenue fell year over year to $46 million, while nine-month revenue rose 10% to $146.3 million.
2. Debt and outlook
Total debt fell 47% year over year to $24.1 million at September 30, marking a seventh consecutive quarter of deleveraging. The updated full-year 2026 outlook projects revenue of $195 million to $198 million, assuming Brazilian operations remain suspended.
