Hacksaw AB projects a revenue range of €57.5 million to €58.5 million for Q3 2026. This is due to the ongoing market challenges and unsatisfactory performance of its games leading to a decrease in yearly revenues to 11%–12%.
According to a press release dated October 12 Hacksaw reported its estimated results for the quarter ending September 30, noting that revenues will be equal to €57.5 million–€58.5 million, an enhancement from the previous year’s report of €52 million.
Adjusted EBITDA will total around €48 million–€49 million, equating to a profit margin of about 83%. The management linked these results to continued weakening of the gaming market.
The price of Hacksaw’s stocks as of noon CEST on October 12 reduced by 29.3% resulting in market capitalization going down by SEK 6.9 billion.
Ana Vrabic Verdir, CEO, pointed out that the company has endless growth opportunities taking into account the acquisition of new customers and company’s expansion.
According to the plans, Hacksaw’s financial reports for Q3 will be disclosed at 7:30 a.m. CET on November 3. The company, in spite of lowered expectations, managed to achieve the goal of annual revenue growth higher than 30% and adjusted EBIT exceeding 80%.
