GRANDSTAND Ltd CEO Kevin Ross McCrystle purchased 2,901 ordinary shares on October 15, 2026, at $1.16 per share under the company's 2023 Employee Share Purchase Plan. His reported direct position after the purchase was 1,004,786 ordinary shares.
Grandstand Limited reported Q2 2026 revenue of $37,764 thousand and first-half 2026 revenue of $78,204 thousand, modestly below the prior-year periods. Q2 operating loss narrowed to $1,171 thousand, and for the first half the company generated an operating profit of $2,095 thousand, helped by the absence of the large contingent-consideration fair value loss recorded in 2025.
Net loss attributable to shareholders was $4,626 thousand in Q2 2026 and $5,801 thousand for the first half, with basic and diluted loss per share of $0.13 and $0.16, respectively. North America drove growth, with first-half revenue there rising to $52,848 thousand, while U.K. & Ireland and other Europe declined. Marketing revenue was $55,743 thousand and data subscription revenue $22,461 thousand for the half year.
As of June 30, 2026, total assets were $284,423 thousand, including $244,883 thousand of non-current assets in Ireland and the United States. Cash and cash equivalents were $8,809 thousand, down from $15,814 thousand at year-end, while borrowings rose to $122,325 thousand and total deferred consideration related to the OddsJam acquisition was $26,479 thousand, all current. The company had a net current liability position of $23,112 thousand, primarily due to reclassification of OddsJam deferred consideration, but management’s forecasts and available credit under the Wells Fargo facility led them to conclude there is no material uncertainty about the ability to continue as a going concern.
Grandstand Limited reported second-quarter 2026 revenue of $37.8 million, down 5% year-over-year, as a 12% increase in data services revenue to $11.2 million was more than offset by a 10% decline in marketing revenue to $26.5 million. North America grew strongly and contributed 70% of revenue, while U.K., Ireland and other European markets declined sharply.
The company posted a net loss attributable to shareholders of $4.6 million (loss of $0.13 per diluted share), improving from a $13.4 million loss a year earlier. However, non-IFRS performance softened: Adjusted net income fell to $2.5 million from $13.4 million, and Adjusted EBITDA declined to $7.7 million with a 20% margin from $13.7 million and a 35% margin.
Operating cash flow dropped to $1.8 million due to $7.6 million of deferred consideration, transaction bonuses and restructuring payments, while Adjusted free cash flow rose to $9.6 million. As of June 30, 2026, cash was $8.8 million and borrowings under the Wells Fargo facility were $122.3 million. Management reiterated 2026 guidance for revenue of $165–$170 million and Adjusted EBITDA of $45–$50 million, citing May 2026 restructuring savings of about $6.5 million, seasonal tailwinds, and initial contributions from the Rollcard fintech launch.