High Roller Reports Q3 2025 Results

Core Insights - High Roller Technologies achieved quarterly profitability for the first time since going public, marking a significant milestone in its strategic transformation [2][5][6] - The company generated total revenue of $6.3 million in Q3 2025, with net gaming revenue of approximately $5 million, reflecting a focus on more profitable markets despite a year-over-year revenue decrease of 16% [5][6][21] - High Roller reported positive Adjusted EBITDA of $622 thousand, a 72% increase quarter-over-quarter, indicating improved operational efficiency [5][6][21] Financial Performance - Q3 2025 revenue was $6.3 million, with total revenue for the nine months ended September 30, 2025, at approximately $20 million, showing a slight year-over-year increase [5][6] - The company achieved its first-ever quarterly profit as a public entity, with operating income of $80 thousand compared to a loss of $474 thousand in Q3 2024 [5][6][21] - Operating expenses decreased by 22% to $6.2 million in Q3 2025, down from $8 million in the same quarter of 2024, contributing to improved profitability [5][6][21] User Engagement and Market Strategy - High Roller served approximately 21,800 active users and 20,128 unique depositing customers during Q3 2025, representing increases of 11% and 18% quarter-over-quarter, respectively [6] - Total wagers exceeded $146 million, indicating a resilient core customer base [6] - The company launched a new localized online casino brand, Kassuuu, and made significant progress towards entering the Ontario market, estimated for H1 2026 [6][9] Operational Improvements - The company focused on streamlining costs, optimizing marketing spend, and enhancing operational efficiency, which contributed to the positive financial results [6] - High Roller commenced a data transformation and unification effort to enhance business intelligence and reporting capabilities using AI and machine learning technologies [6]