Published: 5/20/2026 9:35:26 AM

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Finwire about Angler Gaming plc: Angler Gaming Beats DNB Carnegie"s EBIT Forecast in the First Quarter

DNB Carnegie reiterates its positive view on the betting company Angler Gaming after a report with stronger profitability than expected. Revenues amounted to EUR 8.3 million in the first quarter, in line with the same period last year but below the analysis firm's forecast of EUR 8.8 million.EBIT rose at the same time by 86 percent to EUR 2.9 million, clearly above DNB Carnegie's forecast of EUR 2.0 million, driven by a gross margin of 58 percent and strong development within the B2B platform.DNB Carnegie notes that activity in the second quarter so far has been somewhat weaker than expected but expects a stronger end to the quarter ahead of the World Cup. The analysis firm assesses that the stock can perform better than the market today. The stock is up around 18 percent after a little over half an hour of trading.

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