Hacksaw Gaming's shares on the Nasdaq Stockholm dropped by more than 28% at the close of trading on October 12, following the release of preliminary results for the third quarter of 2026. The company reported that it expects revenue for the quarter to reach between €57.5 million and €58.5 million, representing year-on-year growth of 11–12%. This figure is lower than the €59.3 million achieved in the previous quarter.
Slower Revenue Growth and Market Conditions
According to Hacksaw Gaming, adjusted operating profit (EBIT) for the quarter is estimated at €48–49 million, an increase of 14–16% year-on-year, with an EBIT margin of approximately 83%. The company noted that its revenue growth has slowed compared to the 31% year-on-year increase recorded in the previous quarter. Hacksaw attributed the deceleration to weaker market conditions and underperformance of its games compared to earlier quarters.
Strategic Initiatives and New Product Launches
Despite the slowdown, Hacksaw Gaming has not revised its long-term targets, which include annual revenue growth of more than 30% and an adjusted EBIT margin above 80%. The provider continues to explore new verticals and, in September, launched its first crash game, Moneyplane.
Implications for Industry Stakeholders
The decline in Hacksaw Gaming's share price and slower revenue growth may prompt operators and affiliates to closely monitor the performance of the provider's games and the overall market environment. Suppliers and partners might also assess how market conditions and product innovation affect their collaborations with Hacksaw. The company's commitment to its long-term goals and expansion into new game types could signal ongoing strategic adjustments in response to evolving market dynamics.
Key takeaways
- Hacksaw Gaming shares dropped over 28% after Q3 2026 preliminary results.
- Q3 revenue forecast is below the previous quarter, with slower year-on-year growth.
- The company maintains its long-term growth and margin targets.
- Hacksaw launched its first crash game, Moneyplane, in September.