Sweden's MindArk Q1 revenue dips, loss widens

MindArk PE AB (publ)

19/05/2026 07:08

Overview

Sweden online game developer's Q1 revenue declined slightly yr/yr to 16 mln SEK

Q1 EPS fell to -0.19 SEK from -0.08 SEK yr/yr

Company cited negative currency impact but saw increased user activity and deposits

Outlook

MindArk says investments in technology and AI are positioning it for future growth

Company sees increased user activity and higher platform deposits entering rest of yr

Result Drivers

USER ACTIVITY - Co said increased user activity and higher platform deposits supported underlying performance

TECHNOLOGY INVESTMENT - Investments in technology and AI enhanced efficiency and user experience, per acting CEO Leif Evander Andersson

CURRENCY IMPACT - Co cited negative currency impact as a drag on Q1 results

Company press release: ID:nWkr1zpXz8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 16 mln
Q1 EPS
-SEK 0.19
Q1 Operating Profit
-SEK 5.60 mln
Q1 Pretax Profit
-SEK 6.50 mln


Analyst Coverage

Wall Street's median 12-month price target for MindArk PE AB (publ) is SEK1.70, about 151.9% above its May 18 closing price of SEK0.68

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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.)