Acroud Reports 9% Revenue Growth in Q2; CEO Seeks Stability Post-Restructuring

Acroud reported a year-on-year revenue growth of 9%, reaching €12 million in Q2 2026. Its CEO, Mikael Strunge, emphasizes that the company is entering a phase of sustainable growth and operational solidity after completing its financial and operational restructuring in February 2025. Although adjusted EBITDA decreased by 15% compared to the previous year, down to €1.3 million, this figure represents a sequential improvement of 7% over Q1 2026. New depositing customers during the quarter totalled 67,600, a 38% increase influenced mainly by the acquisition opportunity created by the World Cup.

Revenue Growth and Profitability Changes

In the first half of 2026, Acroud demonstrated an acceleration in its key financial indicators. Revenues increased by 13% year-on-year, totaling €23.5 million. Adjusted EBITDA grew by 28% to €2.6 million, while new depositors decreased marginally by 3%, reaching 117,861 NDCs for the entire semester. This performance is partially attributed to the boost received from the World Cup, which favored user acquisition in key markets.

Stability Outlook After Acroud's Restructuring

"The second half of 2026 starts with strong momentum, two scalable operational segments, improved productivity, a broad portfolio of projects, and a significantly stronger financial structure," commented Strunge. The CEO indicates that after several years focused on debt reduction and business reorientation, the company can finally prioritize cash generation, profitability growth, and disciplined capital allocation. Strunge took over in May 2025, following his role as Chief Operating Officer during the transition period. The restructuring culminated in February of that same year, allowing resources to now focus on building the company's future.

World Cup's Impact on User Acquisition

The World Cup's impact on acquiring new users was also relevant to the rest of the industry. The previous week, Better Collective, a Danish affiliate firm, reported a similar 9% revenue growth, reaching €89.1 million, also highlighting the tournament's role as an acquisition driver. In Acroud, the 38% jump in new depositors during the quarter evidences the temporality of such global events in player activation.

Scalable Segments, Discipline, and Sector Comparison

Strunge emphasizes that Acroud has two operational segments capable of scaling, with more productive internal processes and a diversified project focus. The CEO underscores the transition from a phase centered on fixing financial imbalances to one dedicated to disciplined growth. His analysis also highlights that sustained improvements in metrics position Acroud favorably against major competitors in the affiliate sector.

"We have entered a phase where our focus can shift more decisively towards sustainable profit growth, cash generation, and disciplined capital allocation." — Mikael Strunge, CEO of Acroud

The overall sector trend is supported by the results from other international affiliates, while the effects of exceptional events, such as the World Cup, create temporary growth windows that companies seek to capitalize.