NorthStar Gaming revenue rises in Q3

Revenue was up by 4 per cent year-over-year.

Canada.- NorthStar Gaming Holdings has announced its financial results for the third quarter of 2025, ended September 30. Revenue totalled CA$6.9m ($4.9m), up 4 per cent year-over-year.

According to the report, gross margin was CA$2.4m ($1.7m), a 14 per cent increase from the same period in 2024. The gross margin percentage increased to 34.7 per cent of revenue, up from 31.7 per cent.

The company stated that profit before marketing and other expenses was CA$0.2m ($0.14), an improvement of $0.7m ($0.5m). General and administrative expenses totalled CA$2.2m ($1.57), down 16 per cent, and marketing expenses were $2.3m, down 21 per cent.

For the nine-month period ended September 30, revenue was CA$23.3m ($1.65), a 17 per cent increase from the same period in 2024. That includes CA$1.9m of managed services revenue, up 138 per cent.

Michael Moskowitz, chair and CEO of NorthStar, said: “We maintained our track record of year-over-year growth in both revenue and gross margin in the third quarter. We continue to strengthen the fundamentals of the business with KPIs remaining solid and ongoing innovation helping to attract and retain customers. Our team has been implementing operational improvements that are improving the player experience while at the same time reducing operating expenses.”