Hacksaw Gaming Q1 Revenue Surpasses Analyst Estimates

Key Performance Highlights

Hacksaw Gaming reported first-quarter results that surpassed analyst expectations, with revenue reaching €57.6 million and adjusted EBIT of €47.4 million.

Financial Overview

The online gambling company's revenue grew 28% year-over-year, which was 5% above the consensus estimate. Adjusted EBIT rose 27% year-over-year, beating forecasts by 8%, while the company maintained a strong adjusted EBIT margin of 82.4%.

Operational Growth and Outlook

Growth was supported by a 27% increase in average daily game rounds and the release of 27 new games during the quarter. While Hacksaw did not provide formal guidance for fiscal 2026, it aims for long-term annual revenue growth exceeding 30%.

Summary

Hacksaw Gaming's strong Q1 performance, with significant revenue and profit growth above expectations, positions the company favorably. Market participants will monitor its ability to meet ambitious long-term growth and margin targets.

FAQ

Q: What was Hacksaw Gaming's reported revenue for Q1?
A: The company reported Q1 revenue of €57.6 million, a 28% increase year-over-year.

Q: Did Hacksaw Gaming provide guidance for fiscal 2026?
A: No formal guidance was provided, but the company reiterated long-term targets, including annual revenue growth exceeding 30%.

Source: Investing.com