Meridian

Q2 FY2026 EarningsQ2 FY26 results presented a mixed performance against consensus: revenue missed expectations by 4.25% ($50.2M vs. $52.4M), while Diluted EPS of $0.17 significantly beat the $0.1367 mean estimate. Gross margin remained under pressure at 53.50%, falling 4.00pct short of the 57.50% consensus due to rising gaming taxes and software fees. Operating income turned positive YoY at $2.44M, primarily driven by a sharp reduction in stock-based compensation and optimized marketing spend, despite the top-line miss.