Hacksaw Gaming has seen its stock leap by almost a fifth after a strong Q1 report showed the supplier beat market expectations.
The Stockholm-listed group’s shares are up 17% to SEK79 (£6.32), taking the stock towards its July 2025 record high of SEK86.
Revenue was up 28% year on year (YoY) from €45m to €57.6m, while adjusted EBITDA jumped from €38.2m to €48.8m, representing a 27.7% increase.
Profit for the period increased 52.2%, up from €30.1m in Q1 2025 to €45.5m.
Management said the growth was due to the “successful execution” of its strategy around product development and increased monetisation.
Hacksaw Gaming confirmed 10% of GGR for the quarter came from its leading game, and its top 10 games contributed to 43% of GGR.
The supplier’s games portfolio now contains 320 live games compared to 236 at this time last year. A total of 27 games were released in Q1 2026. The average daily number of rounds played grew 43% YoY.
Hacksaw confirmed it had signed 79 commercial deals during the reporting period, of which 59 were new clients.
Since the start of the year, the business has launched a venture capital arm, Hacksaw Ventures, and invested in UK-based startup studio Jinx Gaming.
Q1 also saw Michael Rahm replace Per Alnefelt as group CFO, and Hacksaw obtain a licence in Connecticut.
As per EGM data, Hacksaw Gaming titles are included on 2,252 unique operator sites. The most common games are Le Bandit and Le Bunny, with each title racking up more than 60,000 game tiles across various sites.
The company counts bet365, William Hill, Superbet and LeoVegas Group among its customer base.
Christoffer Källberg, Hacksaw Gaming CEO, said: “Hacksaw’s group strategy remains robust, built on the dual pillars of product innovation and increasing monetisation.
“We will continue to develop and launch new games, while driving monetisation by expanding our global customer base and attracting new partners.
“Q1 marks another strong quarterly result based on both the exceptional execution of our team and the significant market opportunity ahead of us. We enter the second quarter with solid momentum and great confidence.”
This article includes insight from our data partner, EGM. A GGR-focused product launched earlier this year, delivering broader market coverage and data-led insight across the global gambling industry. Click here to find out more about EGM and book a demo by clicking here
The post Hacksaw Gaming shares leap 17% as Q1 beats markets estimates first appeared on EGR Intel.
CEO Christoffer Källberg emphasises the importance of Hacksaw Ventures as an “attractive and long-term capital allocation opportunity”
The post Hacksaw Gaming shares leap 17% as Q1 beats markets estimates first appeared on EGR Intel.