Q3 2026: GiG Software profit plummets despite cost savings

The company expects a significant change in fortunes in FY27 following its acquisition of a majority stake in 888Africa GiG Software reported a 12% year-on-year fall in revenue in Q3 2026 despite making cost savings, while the company’s net loss also widened during the period. For the three months to 30 September, revenue reached €8.5m, down from €9.7m in the same period last year . The company also revealed a 33% drop in adjusted EBITDA to €0.8m and a 50% increase in net loss. This came despite GiG Software reducing its operating expenses during the quarter.