Hacksaw Forecasts Q3 Revenue of Up to €58.5 Million

Hacksaw AB expects its revenue for the third quarter of 2026 to reach between €57.5 million and €58.5 million, according to a preliminary financial update released on 12 October. The forecast reflects ongoing market difficulties and weaker-than-expected game performance, with annual revenue growth projected at 11%–12%.

For the quarter ended 30 September, the company anticipates revenue above the €52 million recorded in the same period last year. Adjusted EBITDA is expected to range from €48 million to €49 million, representing a margin of approximately 83%.

Management attributed the projected results to continued weakness in the gaming market.

Hacksaw’s shares came under pressure following the announcement. By midday CEST on 12 October, the stock had fallen by 29.3%, reducing the company’s market capitalisation by SEK 6.9 billion.

Chief Executive Officer Ana Vrabic Verdir highlighted the company’s potential for further expansion, pointing to opportunities to attract new customers and broaden its market presence.

Hacksaw is scheduled to publish its full third-quarter financial report at 7:30 a.m. CET on 3 November.

Despite lowering its expectations, the company has maintained its targets of annual revenue growth exceeding 30% and an adjusted EBIT margin above 80%.