GiG released a Q4 and FY25 trading update yesterday showing strong revenue and EBITDA growth for the full year, albeit below our expectations due to FX headwinds and a postponed partner launch in Brazil. This delay has knock on impacts to our forecasts for FY26, where we reduce estimated revenue by 17.7% to €46m and adjusted EBITDA by 23.5% to €11.5m, the midpoint of the guided ranges. The greater use of AI, driving both revenue growth and efficiency, helps to offset part of the expected decline ....
