The Stockholm-listed supplier still grew profit, but the market priced a break from its 30% growth story.
On 12 October 2026, Hacksaw AB published preliminary figures for the quarter to 30 September:
- Revenue is expected at €57.5–58.5M, up 11–12% from €52M in Q3 2025.
- That is far below the 31% growth in Q2 2026, when revenue reached €59.3M.
- Adjusted EBIT is expected at €48–49M with a margin near 83%.
Hacksaw cited softer markets and weaker game performance but kept long-term targets, including revenue growth above 30% per year. The interim report is due on 3 November.
In the ten highest-CEB markets, Blask data for September 2026 averages about 82% slots and near 10% instant win by genre-weighted visibility.
Across the six top-CEB markets where Blask tracks games data, Hacksaw averages about 3.5% of lobby content share. Finland leads at 5.2%, with Sweden and Portugal above 5%, while the United States — the largest CEB market in the set — sits at 1.8%.
Margins stayed high while revenue growth slowed. Hacksaw still draws most of its lobby visibility from slots in the biggest CEB pools. Whether the crash can lift the next quarter depends on shelf gains in markets where share remains below 2%.