Sweden's Acroud Q2 revenue rises on customer acquisition

Acroud AB

25/08/2026 07:10

Overview
Sweden iGaming affiliate's Q2 revenue rose 9% yr/yr
Adjusted EBITDA fell 15% yr/yr but rose 7% from Q1
Company completed repayment of all interest-bearing debt outside bond structure

Outlook
Acroud targets compound annual adjusted EBITDA growth of 12% for 2026–2028
Company aims for net debt to adjusted EBITDA ratio below 1.25x by end-2028
Acroud expects further operational efficiency gains from AI-enabled workflows in coming quarters

Result Drivers
CUSTOMER ACQUISITION - Co said growth in new depositing customers, especially in iGaming Affiliation and SaaS segments, drove revenue increase
WORLD CUP IMPACT - Opening stages of World Cup led to higher customer acquisition, though sports betting monetization was below expectations due to European time zone misalignment
AI-ENABLED EFFICIENCY - Co attributed lower personnel expenses and improved productivity to implementation of AI-enabled workflows, mainly in Affiliation segment

Company press release: ID:nWkr2HDsSL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 11.96 mln
 
Q2 Adjusted EBITDA
 
EUR 1.33 mln
 
Q2 EBITDA
 
EUR 1.33 mln
 

Analyst Coverage
The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 1 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)