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EarningsQ2 2026 Earnings Report
GRSD Q2 2026 EPS Results
Actual EPS-$0.13
Consensus EPS$0.00
Beat/MissMissed by -$0.13
One Year Ago EPS$0.37
GRSD Q2 2026 Revenue Results
Actual Revenue$37.76M
Expected Revenue$37.54M
Beat/MissBeat by +$222.00K
YoY Revenue Growth-4.62%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeAfter Close
Conference CallThursday, August 13, 2026
GRSD Upcoming Earnings
Grandstand Limited's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
GRSD Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: clear operational and product positives (enterprise data growth, strong cash generation, AI/Optic traction, marketing diversification, restructuring savings and a major new Roll Card product) but offset by near-term headwinds (overall revenue down 5%, marketing revenue down 10%, margin compression, large net income decline, SEO/regulatory softness and significant leverage). Management reiterated guidance and outlined a path to improved margins in H2 and 2027, but meaningful improvements depend on successful SEO recovery, continued B2B strength, and execution on Roll Card and restructuring.Company Guidance
In-line Q2 Financial Results and Strong Cash Generation
Q2 revenue of $37.8M and adjusted EBITDA of $7.7M were in line with expectations; adjusted free cash flow was $9.6M (up from $8.2M year-ago) and cash conversion over first 6 months was 81% of adjusted EBITDA. Total liquidity was $33.3M (including $24.5M undrawn revolver).
Sports Data Services Growth and Enterprise Momentum
Data revenue was $11.2M, up 12% year-over-year and represented 30% of total revenue. B2B/enterprise demand is accelerating (B2B pacing to grow well in excess of 50% this year) and now makes up the majority of Sports Data Services revenue.
Optic/AI Platform Traction
Optic Ops processes more than 1M requests per second; OpticOdds became the #11 most-invoked connector in Perplexity after going live; API daily requests are climbing, showing strong developer/AI integration demand ahead of NFL season.
Marketing Business Diversification and North America Strength
Non-SEO marketing now accounts for 67% of marketing revenue. North American marketing grew strongly (North American marketing up ~63% year-over-year) and partner audience monetization (Grandstand Partners) is up over 100% YoY.
Corporate Restructure Driving Cost Savings
Restructure substantially complete: ~25% headcount reduction and $13M of lower fixed costs on an annualized basis, with ~$6.5M of fixed cost savings expected to benefit the second half; management expects margin expansion into H2 and 2027 as a result.
Product and Go-to-Market Expansion — Roll Card Launch
Launched Roll Card, an FDIC-insured high-limit debit card for betting and trading. Management cites a 5-year revenue opportunity of $50M–$100M (low-single-digit market share on underlying deposits) and expects high gross margins (company noted 80–85% gross margin prior to marketing and also referenced mid-30s margins in commentary).
Reaffirmed Full-Year Guidance and Forward Outlook
Company reiterated FY2026 revenue guidance of $165M–$170M and adjusted EBITDA of $45M–$60M, anticipating seasonality-driven H2 growth, further margin expansion, and continuation of positive trajectory into 2027 (targeting blended EBITDA margins in the low 30s going into 2027).
Deleveraging Actions
Prepaid $10.4M of deferred consideration (realizing a 10% annualized discount) and repaid $2.8M of term loan principal during Q2, funded by free cash flow and an $8M draw on the revolver.
GRSD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed