Angler Gaming's financial report for the second quarter of 2025 presents a mixed picture of challenges and strategic adjustments. The company reported a significant 34.98% decline in revenues, dropping to €6,637,315 from €10,207,914 in the same period last year. Similarly, the EBIT decreased by 38.90% to €901,000, reflecting the company's ongoing challenges in the current economic climate.

Despite these declines, Angler Gaming has taken decisive steps to adapt its business model, particularly in its B2B operations. Effective from January 2025, the company renegotiated agreements with its B2B partners. This strategic move resulted in reduced revenues from B2B partners but also a reduction in costs, as payment-related expenses are now borne by the partners themselves. This shift is aimed at enhancing operational efficiency and profitability in the long run.

PremierGaming Ltd, the Group's B2C subsidiary, which focuses on Northern Europe, contributed 5.78% to the Group's revenues in Q2 2025. The subsidiary has strategically reduced marketing spending in Sweden to better evaluate customer lifetime value, a move that could optimize future revenue streams.

In the face of declining revenues, Angler Gaming's net profit for the half-year increased by 20.47% compared to the previous year, indicating improved cost management and operational efficiency. The company's focus on disciplined growth is further evidenced by the integration of a predictive churn prevention tool, aimed at enhancing customer retention on its iGaming platform.

CEO Thomas Kalita remains optimistic, highlighting the company's focus on sustainable growth. The company paid out a €997,300 dividend, reflecting its commitment to shareholder value. Despite a challenging environment, the average daily net gaming revenue in Q3 2025 showed a slight increase compared to Q2 2025, suggesting positive momentum.

Given the current financial landscape and strategic initiatives, investors might consider a 'hold' position on Angler Gaming. The company is in a transitional phase, and while short-term challenges persist, its strategic focus on operational efficiency and sustainable growth holds promise for the future.