Swedish game developer Hacksaw Q3 revenue rises 12%

Hacksaw AB

03/11/2026 06:39

Overview
Sweden B2B game developer's Q3 revenue rose 12% yr/yr, adjusted EBIT up 15%
Company says changes in game and operator mix slowed revenue growth this quarter
Company to launch EUR 20 mln sharec program

Outlook
Hacksaw AB says current game mix may impact short-term performance
Company expects game mix to normalize in coming months
Hacksaw AB maintains long-term financial targets

Result Drivers
GAME AND OPERATOR MIX - Co said changes in game and operator mix led to lower revenue per game compared to prior-year period
NEW GAME LAUNCHES - Co released 19 in-house games and 26 partner studio games on its platform during the qtr
EXPANSION INTO NEW MARKETS - Co entered Alberta, Canada and Buenos Aires City, Argentina, expanding presence in locally licensed jurisdictions

Company press release: ID:nMFN4kGFTP

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 58.10 mln
 
Q3 Net Income
 
EUR 45.70 mln
 
Q3 Adjusted Operating Profit
 
EUR 48.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy."
Wall Street's median 12-month price target for Hacksaw AB is SEK95.00, about 64.6% above its November 2 closing price of SEK57.70
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Nov 2 - Swedish 3D printer maker Freemelt's prelim Q3 sales fall
Nov 3 - Sweden's OssDsign Q3 net sales fall 5.4%, as expected
Nov 3 - Sweden's ITAB Group Q3 profit falls on one-off costs

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)