Gentoo Media lowers annual outlook as revenue slides in second quarter

The company reported 101,900 new first-time depositors during the quarter, while the total value of deposits hit a record EUR 207 million. CEO Jonas Warrer noted that while revenue fell short of internal expectations, the firm’s structurally lower cost base bolstered profitability. Operating cash flow reached EUR 6.4 million, aided by a reduction in net interest-bearing debt to EUR 112.2 million.

Following these results, management lowered its 2026 revenue forecast to a range of EUR 97–100 million, down from the previous estimate of EUR 105–115 million. Anticipated EBITDA before special items has been adjusted to EUR 44–47 million. As the company focuses on deleveraging, the board is currently evaluating refinancing options, including potential private debt structures or new bond issuances, with an update expected by October 1.