GRANDSTAND Ltd
GRSD·NASDAQ·Trade & Services·CIK 0001839799
GRANDSTAND Ltd is a technology company that provides marketing and sports data services for the gambling industry. The company operates two main platforms. Its marketing technology platform includes premier branded websites such as Gambling.com, Bookies.com, and Casinos.com. Through these sites, GRANDSTAND Ltd helps businesses, including casinos and sports betting operators, connect with high-intent audiences and acquire new customers. These services are available in 22 national markets and support more than ten languages. The company's sports data platform, operating under the OddsJam, OpticOdds, and RotoWire brands, assists various entities including sports betting operators, prediction markets, market makers, and media companies, as well as individual consumers, in sports betting and fantasy sports.
GRANDSTAND Ltd's revenue grew by 30% in 2025 and 17% in 2024. Organic revenue declined by 2% in 2025 and grew by 2% in 2024, with an average organic revenue growth rate of 41% from 2017 to 2025. For the year ended December 31, 2025, revenue was 165,447 thousand USD, compared to 127,182 thousand USD in 2024 and 108,652 thousand USD in 2023. Net loss for the year attributable to shareholders was (32,930) thousand USD in 2025, while net income was 30,679 thousand USD in 2024 and 18,260 thousand USD in 2023. Adjusted EBITDA was 58,010 thousand USD in 2025, 48,691 thousand USD in 2024, and 36,715 thousand USD in 2023. Cash flows generated by operating activities were 19,104 thousand USD in 2025, 37,638 thousand USD in 2024, and 17,910 thousand USD in 2023.