Hacksaw sees €57.5M–€58.5M revenue for Q3 2026
Adjusted EBITDA €48–49M; shares tumbled 29.3% after the 12 October release
Key Takeaways
- Hacksaw AB projects Q3 2026 revenues of €57.5M–€58.5M.
- The company forecasts adjusted EBITDA of €48M–€49M, roughly an 83% margin.
- On 12 October the share price fell 29.3%, reducing market capitalisation by SEK 6.9 billion.
- Hacksaw will publish definitive Q3 figures on 3 November at 7:30 a.m. CET.
Hacksaw AB projects third-quarter 2026 revenues of €57.5 million to €58.5 million, according to a statement dated 12 October. The company also estimates adjusted EBITDA of €48 million to €49 million, equivalent to a profit margin close to 83%. The preliminary figures cover the period ending 30 September and the company has set publication of its official Q3 results for 7:30 a.m. CET on 3 November.
Revenue and adjusted EBITDA projection for Q3 2026
Hacksaw AB details in its press release that quarterly revenues will be €57.5 million–€58.5 million, an increase versus €52 million reported the prior year. The forecast adjusted EBITDA of €48 million–€49 million places the operating margin at roughly 83%.
Those figures are the company’s public estimates for the period ending 30 September. Management tied the numbers to market context: it attributes the slower growth rate to a continued weakening in the gaming market.
Market impact and stock-market reaction
Management explains that disappointing performance from some game titles contributed to a year-on-year revenue decline in the range of 11% to 12%. That sentence in the release directly links the sales slowdown to market trends.
On 12 October at midday CEST, Hacksaw’s share price recorded a fall of 29.3%, which reduced the company’s market capitalisation by an estimated SEK 6.9 billion. The drop followed dissemination of the estimates and came before the formal Q3 results publication.
Management comments and commercial plans
Ana Vrabic Verdir, CEO of Hacksaw AB, said the company still has “endless growth opportunities” in light of new customer wins and the company’s expansion. The quote appears in the 12 October statement and is part of the public presentation of the estimates.
Despite the downwardly revised estimates, Hacksaw says it met key corporate targets: the company achieved year-on-year revenue growth in excess of 30% and adjusted EBIT above 80% for the period in question. Those two accomplishments are listed in the release as milestones met even with lowered expectations.
Timetable and upcoming regulatory and communications milestones
Hacksaw has announced that its definitive financial reports for the third quarter will be published on 3 November at 7:30 a.m. CET. That date is the verification point to confirm whether the estimates communicated on 12 October materialise in the audited accounts.
Investors and analysts will watch that publication for two specific reasons: first, to validate the revenue and EBITDA ranges; second, to receive more detail on the precise cause of the 11%–12% year-on-year decline and on the individual performance of the game titles mentioned.
What suppliers and operators should watch
The combination of a high margin and a collapsing share price raises operational and commercial questions. An operating margin near 83% suggests cost control or a product mix with high profitability, while the share price fall and reference to a weakening market point to demand pressure.
For suppliers and operators tracking Hacksaw’s trajectory, practical items to monitor are:
Confirmation of revenues and adjusted EBITDA in the 3 November report.
Breakdown by product or title performance, if provided by the company.
Additional management commentary on customer acquisition and expansion strategies.
Readers who want immediate coverage of the official release can follow our sections on [news](/news) and B2B analysis in [b2b](/b2b).
“The company has endless growth opportunities,” said Ana Vrabic Verdir, CEO, in the 12 October statement.
Technical conclusion for investors and partners
The preliminary figures combine two realities: a revenue recovery versus the prior year (from €52 million to up to €58.5 million) and pressure on market valuation that translated into a SEK 6.9 billion loss in market capitalisation in a single session. The 3 November release will be the framework to confirm whether that contrast between operating results and market reaction eases or widens.
Hacksaw AB, the publication timetable and the CEO quote give analysts and business partners the material needed to assess risks and opportunities in the coming weeks.
Frequently Asked Questions
What revenue figures has Hacksaw communicated for Q3 2026?
Hacksaw has communicated a revenue range for Q3 2026 of €57.5 million to €58.5 million, in a statement dated 12 October and referring to the quarter ending 30 September.
What operating margin does Hacksaw project for the quarter and how is it calculated?
Hacksaw projects adjusted EBITDA of €48 million–€49 million, which implies an operating margin near 83%. That margin is the adjusted EBITDA divided by the company’s estimated revenues for the period.
When will Hacksaw publish the official Q3 figures and why does that date matter?
Hacksaw will publish the definitive Q3 accounts on 3 November at 7:30 a.m. CET. That publication will confirm whether the estimates in the 12 October statement (revenues and EBITDA) are borne out in the audited results.
Tags
About the author
Emilio Navarro
Industry Technology Correspondent
Emilio Navarro covers the cross-cutting technology and business of iGaming — platforms, data and AI, compliance tooling, affiliate marketing, financial results, and the stories that fit no single rubric. The reports open with the announcement, cite vendors and figures exactly as published, and keep a healthy distance from press-release language. When a supplier unveils a new engine or the advertising rulebook changes, Emilio Navarro reports what genuinely changes.
More from Emilio Navarro
