SHARPE
Reported results
- Net revenue (revenues less cost of revenues) grew 20% year-over-year to $131.0 million.
- GAAP net income attributable to MIH stockholders was $52.5 million for Q3 2026, compared to a net loss of $102.1 million in Q3 2025.
- Q3 2026 GAAP diluted EPS was $0.47, compared to $(1.46) in Q3 2025.
- Operating income was $47.2 million for Q3 2026, compared to an operating loss of $0.3 million in Q3 2025.
- Q3 2026 non-GAAP Adjusted EBITDA increased 47% year-over-year to $70.8 million, with a non-GAAP Adjusted EBITDA margin of 54%.
- Non-GAAP Adjusted diluted EPS was $0.45 for Q3 2026, compared to $0.42 in Q3 2025.
Guidance
- Full-year 2026 adjusted operating expenses are expected to be between $254 million and $257 million.
- Full-year 2026 share-based compensation expense is expected to be between $30 million and $32 million.
- Full-year 2026 capital expenditures, including capitalization of internally developed software, are expected to be between $43 million and $46 million.
- Full-year 2026 depreciation and amortization expense is expected to be between $36 million and $38 million.
- Full-year 2026 adjusted effective tax rate post valuation allowance release is expected to be between 26% and 28%.
Price and volatility reaction
The stock moved +7.0% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -5.6 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 31.44 | 2026-10-29 |
| Close after release | 33.63 | 2026-10-30 |
| Realised move | +7.0% | close to close |
| 30d ATM IV change | -5.6 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.