Key Moments:
- High Roller Technologies reported its first profitable quarter as a public company for Q3 ending September 30
- The company has applied for an operator license in Ontario, targeting a launch there in the first half of 2026
- Expansion plans include upcoming launches in Alberta and a focus on new opportunities across North America, Latin America, and Europe
Profitable Quarter Marks New Chapter
High Roller Technologies has reported a milestone by recording its first-ever quarterly profit since becoming a public company. This achievement comes as the company prepares for significant moves into the Canadian market, particularly with planned launches in Ontario and Alberta slated for 2026. The firm’s latest earnings report highlighted notable advances in revenues and earnings, underscoring a strategic shift toward more regulated markets.
Financial Results and Performance
| Period | Total Revenue | Net Gaming Revenue | Adjusted EBITDA |
|---|---|---|---|
| Q3 (ending September 30) | $6.3 million USD ($8.8 million CAD) | ~$5 million USD ($7 million CAD) | $622,000 USD ($873,000 CAD) |
During Q3, High Roller posted total revenues amounting to $6.3 million USD ($8.8 million CAD) and net gaming revenues close to $5 million USD ($7 million CAD). The company’s adjusted EBITDA rose to $622,000 USD ($873,000 CAD), showing significant improvement both quarter-over-quarter and year-over-year.
Ontario and Alberta Launches on the Horizon
The pursuit of a Canadian operator license marks a pivotal move for High Roller. The company submitted its application in May with the Alcohol and Gaming Commission of Ontario, and is now awaiting regulatory approval. Once granted, High Roller will sign an agreement with iGaming Ontario to bring its online casino offerings to the province, targeting a go-live date within the first half of 2026.
As CEO Seth Young stated on a recent earnings call:
“Once High Roller receives its operating license in Ontario, we expect our launch to be a major catalyst for the business,” Young said on this week’s earnings call.
“Ontario is a huge launch and will be transformative relative to existing operations. We are truly preparing for scale.”
High Roller also plans to be an early entrant into Alberta’s regulated iGaming market, which is expected to become available in 2026.
Strategic Focus and Leadership Updates
Current efforts are fixed on Canada and Finland, but High Roller is actively exploring additional opportunities in North America, Latin America, and Europe. Beyond expanding market reach, the company is assessing growth through mergers and acquisitions and considering the addition or acquisition of a sports betting product to complement its online casino portfolio.
In terms of leadership, Seth Young officially became CEO on September 1, succeeding Ben Clemes. In the same week as the earnings announcement, Jake Francis joined as Chief Operating Officer, bringing experience from BlueBet, PENN Interactive, and Hard Rock Atlantic City.
According to Young:
“This shift is setting us up for the next chapter and is a big plus as we get ready for licensing and launch in Ontario,”
Poised for Accelerated Growth
With a profitable quarter and key regulatory milestones ahead, High Roller Technologies positions itself for what it anticipates will be a transformative period of expansion and product diversification.
- Author
Daniel Williams
