Gentoo Media Lowers Full-Year Guidance Due to Brazil Regulatory Change

Gentoo Media Inc. (Nasdaq Stockholm: G2M) announced on October 1, 2026, that it is lowering its financial guidance for the full year 2026. The revision is attributed to a new regulatory measure implemented in Brazil and revenue performance below expectations in the third quarter.

The Brazilian government introduced a Provisional Measure on September 25, 2026, which immediately prohibits the operation, offering, intermediation, and advertising of fixed-odds betting across the country, including sports betting and online gaming. Licensed betting platforms are required to cease operations following a brief transitional period.

While the company has not yet detailed the full financial impact of this regulatory change, it has already affected the company's stock performance. Gentoo Media has previously benefited from expansion in Latin American markets.

The company is closely monitoring the situation and assessing its business implications. Further updates on revised forecasts and strategic adjustments will be provided in due course.