for early access to the latest igaming videos!
and get the latest igaming news first!
Hacksaw Gaming opened 2026 with strong momentum, reporting first‑quarter revenue of €57.6 million, a 28% rise compared to last year. Profit for the period climbed to €45.5 million, while adjusted operating profit reached €47.4 million with margins holding steady at 82%.
CEO Christoffer Källberg described the quarter as “a strong start of the year with solid growth and high margins,” adding that the results reflected “the successful execution of our strategy of product development and increasing monetisation.”
He noted that despite global uncertainty, the company remained resilient, releasing 27 new titles and signing 79 commercial deals, including partnerships with bet365 in Pennsylvania and William Hill in Italy.
Expanding games and studio partnerships
The first quarter saw Hacksaw release 12 in‑house games alongside 15 titles from partner studios through its OpenRGS platform.
By March, nine studios were active on the platform, with Foxhound Games debuting its first release in February. The company’s portfolio grew to 320 games, and the daily average number of rounds played over the past year rose by 43% compared to the previous twelve‑month period.
Källberg highlighted this as proof of “the strength of our game portfolio, our high release cadence of new games, and our strong distribution network.”
US licensing and global deals
Hacksaw secured an Online Gaming Service Provider licence in Connecticut, marking another step in its US expansion. The company also signed 59 new client agreements during the quarter, bringing its total deals to 79.
Partnerships with major operators such as bet365, William Hill, and Delaware North underscored its growing reach. Källberg said these agreements “continue to underscore our long runway for growth,” reinforcing Hacksaw’s strategy of following clients into priority markets.
Operating profit rose in line with revenue, reaching €47.4 million, while cash flow from operating activities stood at €45.7 million. The group reported cash and cash equivalents of €176 million at the end of March, with no interest‑bearing debt. Källberg emphasised that Hacksaw’s ability to combine “solid revenue growth with high margins” gives it the flexibility to invest in new ventures while maintaining stability.
Hacksaw Ventures and exploring long term opportunities
Beyond game launches and licensing, Hacksaw is channeling resources into early‑stage investments through Hacksaw Ventures.
Källberg stressed the importance of Hacksaw Ventures, saying, “We continue to see attractive opportunities to use our strong cash generation to invest in early-stage companies within our ecosystem where we can capture significant potential by providing both capital and strategic support to founders.”
The initiative has already backed Kitsune Studios and Jinx Gaming, with Källberg describing it as “an attractive and long‑term capital allocation opportunity.” He added that while short‑term financial impact from these investments will be limited, the strategic value is significant.
As Källberg concluded, “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.”
