Cirsa Reports 8% Rise in Q1 Core Earnings Amid Tax Challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2026
0mins
Source: Newsfilter
- Core Earnings Growth: Cirsa reported a first-quarter EBITDA of €193.9 million ($225.3 million), representing an 8% increase from €178.8 million in the same period last year, indicating robust performance across multiple business units.
- Online Betting Setback: Despite overall earnings growth, Cirsa's online betting profits fell by 12% due to increased gaming taxes in Peru, posing some pressure on the company's profitability.
- 2026 Outlook Reaffirmed: Cirsa reiterated its 2026 core earnings target range of €800 million to €820 million, demonstrating confidence in future growth and an expectation to reach the upper end of this target range.
- Stock Price Volatility: Since its July 2025 listing, Cirsa's stock has shed about 11% of its value, with shares dropping as much as 2.9% in early trading, reflecting market concerns regarding its future growth potential.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 116.140
Low
166.00
Averages
176.60
High
205.00
Current: 116.140
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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