Earnings ·
GigaMedia reports $3.16M Q3 revenue and $1.93M net income, driven by a $1.70M investment gain
GIGMGIGAMEDIA Ltd
GigaMedia reported third-quarter 2026 revenues of $3.16 million, up 48.8% from the prior quarter and 245.4% year-over-year, alongside a net income of $1.93 million. The results were significantly boosted by a one-time deemed disposal gain of approximately $1.70 million resulting from the conversion of corporate notes into preferred shares in Aeolus Robotics Corporation. This transaction secured a 33.35% voting stake and shifted the investment to equity-method accounting, increasing the carrying value to $13.65 million. Operating income turned positive at $0.68 million compared to a loss in the previous quarter. The company ended the period with $30.23 million in cash and equivalents. GigaMedia is a diversified provider of digital entertainment services, developing and operating mobile and casual games primarily in Taiwan and Hong Kong.