Gentoo Media

* Sports margin weak in Feb'26 * Minor estimate revisions * Trading below peers at 4.0x '26e EV/EBITDA Sports margin held back the quarter Q1 was a bit softer than we had expected with respect to adj. EBITDA, which was 6% below our expectation but in...

* Q1 adj. EBITDA in line with FactSet consensus * Expect limited consensus estimate revisions * Value of deposits stable around EUR 200m Q1 outcome Gentoo reported Q1 sales of EUR 24.0m, corresponding to a 5% y-o-y decline, in line with both ABGSCe and...

* Q1e: 3% revenue decline y-o-y * '26e EBITDA toward bottom end of guidance range * Trading ~50% below peers at 3.5x '26e EV/EBITDA Challenging sports outcomes & volatile casino data We expect Q1 revenue of EUR 24m, implying a 3% y-o-y decline. This ...