Hacksaw Gaming has reported a 39% year-on-year (YoY) jump in Q3 revenue to €52m (£45.8m) in the supplier’s first earnings report since its IPO in the summer.
The Stockholm-listed business saw revenue rise from €37.3m in Q3 2024, which bosses said was driven by new game launches and a growing customer base.
Adjusted EBIT increased 29% YoY from €32.6m to €42.1m and profit rose from €30.4m to €38.7m.
During the quarter, Hacksaw Gaming rolled out 12 in-house development games and went live in Pennsylvania.
There was also a 50% YoY jump in the average daily number of rounds played on Hacksaw’s portfolio of games, the firm noted.
As of the end of Q3, Hacksaw Gaming had 268 games in its portfolio, with the content live in more than 35 locally licensed markets.
Hacksaw Gaming’s leading title accounted for 14% of GGR, while the top 10 games in its portfolio represented 45% of all GGR.
Hacksaw Gaming went public in June. The firm’s stock has been flat since the IPO, up around 1%.
Christoffer Källberg, Hacksaw Gaming CEO, said: “Hacksaw’s group strategy is strong and focuses on the twin pillars of product innovation and increasing monetisation.
“We will continue to launch and develop new games, and we will continue to increase monetisation by growing with our customer base globally, as well as securing new customers.
“As we enter the final months of the year, I want to re-emphasise the significant market opportunities and the strong pipeline we face.
“We have an exceptional team that we continuously expand, a proven strategy and a fairly small market share from which to grow. I look forward to concluding the year on a strong note and to continue the work to realise the full potential of the business.”
The post Hacksaw Gaming Q3 revenue surges to €52m first appeared on EGR Intel.
Supplier champions pipeline of in-house content and growing client base in its first earnings report since IPO
The post Hacksaw Gaming Q3 revenue surges to €52m first appeared on EGR Intel.