GB Group shares plunge 23% as Americas weakness forces revenue guidance cut

Industry & Services Business & Education Services Written by: Ephrem Joseph 08:27 Fri 14 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. GB Group PLC ( LSE:GBG ) View Price & Profile GB Group shares plunge 23% as Americas weakness forces revenue guidance cut Published: 08:27 14 Aug 2026 BST GB Group PLC (LSE:GBG) shares plunged more than 23% after the identity verification and fraud prevention specialist cut its full-year revenue growth guidance following weaker-than-expected trading in its Americas Identity business. The shares were down 23.4% at around 177.7p in early London trading on 14 August, wiping more than 54p from the stock price. GBG now expects revenue growth of 1%-3% for the year ending March 2027, compared with its previous expectation of mid-single-digit growth. Americas customer attrition hits outlook The downgrade follows higher-than-expected volume attrition from several material customers in the Americas Identity division. GBG said first-quarter revenue from the business had been only marginally below plan, but growth failed to improve during the second quarter. Although its sales pipeline remains strong, the company said normal sales cycles mean new opportunities are unlikely to compensate for the lost volumes during the current financial year. Adjusted operating profit margin guidance has consequently been tightened to around 21%, compared with the previous 21%-22% range. Americas chief revenue officer Tom Schutz has also left the company, with chief operating officer James Gothard assuming interim responsibility for the division. GBG Go investment continues Despite the weaker outlook, GBG will proceed with the previously announced £6 million investment in GBG Go, its AI-powered global identity platform, aimed at accelerating its innovation roadmap. GB Group provides identity verification, location intelligence and fraud prevention technology. The company reported FY26 revenue of £285 million, up 3.2% on a constant-currency basis, with adjusted operating profit of £67.5 million. Continue reading