Sweden's Stillfront reports Q2 profit on lower user  acquisition costs

Stillfront AB (publ)

24/07/2026 06:12

    

    Overview
  
Sweden digital games developer's Q2 net revenue declined yr/yr, organic growth at -1%
Adjusted EBITDAC rose 3% with margin up to 29%, driven by lower user acquisition costs
Net result turned positive to SEK 212 mln from a loss a year earlier

    

    Outlook
  
Company did not provide specific guidance for the current quarter or full year

    

    Result Drivers
  
USER ACQUISITION COSTS - Co said improved profitability was mainly due to normalization and reduction of user acquisition investments, especially after Big Farm: Homestead launch phase
KEY FRANCHISE GROWTH - Co reported double-digit organic growth in key franchises for the second consecutive quarter

    
Company press release: ID:nMFNbRRL8N

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
SEK 1.32 bln
 
Q2 EPS
 
SEK 0.44
 
Q2 Net Income
 
SEK 212 mln
 
Q2 EBIT
 
SEK 412 mln
 
Q2 Gross Profit
 
SEK 1.11 bln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Stillfront Group AB (publ) is SEK8.43, about 100.6% above its July 23 closing price of SEK4.20
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 3 three months ago

    

    Reuters Recommended Reads
  
July 21 - Sweden's MTG Q2 adjusted EBITDA tops estimates on casual games scaling 
July 23 - Ubisoft maintains outlook, says some major titles delayed to 2028, 2029
July 23 - Nokia Q2 sales meet expectations, helped by AI and cloud demand

    
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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.)