Meridian Holdings — Third Quarter 2026 Earnings Summary

Meridian Holdings reported a third-quarter 2026 revenue of $46.0 million and a net loss attributable to the company of $13.3 million, which included $11.5 million in non-cash impairment charges. These charges consisted of a $5.5 million write-off of the Brazilian gaming license following the country's prohibition of fixed-odds betting and a $5.9 million goodwill impairment related to the RKings and Classics for a Cause reporting unit. Despite the quarterly loss, the company achieved nine-month revenue growth of 10% to $146.3 million and generated $17.7 million in operating cash flow, enabling a 47% reduction in total debt to $24.1 million. The company has updated its full-year 2026 revenue outlook to a range of $195 million to $198 million, reflecting the suspension of operations in Brazil and lower expected revenue from its Australian segments.