Strong Revenue Growth#
Hacksaw Gaming (HACK SS) recently announced its first-quarter results, revealing revenues of €57.6 million, which is 28% higher than the same period last year. This figure also exceeded analyst expectations by 5%, as the consensus estimate was €55.1 million. When adjusted for currency fluctuations, the revenue growth stands at an impressive 37%.
Profitability and Margins#
The company's adjusted EBIT (Earnings Before Interest and Taxes) reached €47.4 million, marking a 27% increase year-over-year and a 6% rise from the previous quarter. This result surpassed the consensus forecast of €43.8 million by 8%. Hacksaw maintained a robust adjusted EBIT margin of 82.4%, which is higher than the expected 79.5%.
Game Development and Engagement#
Hacksaw Gaming also reported a 27% increase in average daily game rounds compared to last year. During the quarter, the company launched 27 new games, including 12 developed in-house and 15 from third-party studios. Their OpenRGS platform now supports nine third-party studios, expanding their total game catalog to 320 titles.
Financial Position and Future Outlook#
At the end of the quarter, Hacksaw held €176 million in net cash. While the company did not provide specific guidance for fiscal 2026, it has previously indicated goals of over 30% annual revenue growth and maintaining EBIT margins above 80%. Analysts project a 30% revenue growth and a 27% increase in adjusted EBIT for fiscal 2026, with a margin of 79.8%. Additionally, Hacksaw aims to return at least 75% of its net profit to shareholders through dividends or share buybacks.