Hacksaw Gaming reported solid financial performance for the second quarter of 2026, achieving a year-over-year revenue increase of 31% to €59.3 million. When adjusted for constant currency, revenue growth reached 33%.
Operating profit (EBIT) also rose by 31%, totaling €48.4 million, with an impressive operating margin of 82%. Net profit for the quarter was recorded at €45.7 million, while operating cash flow saw significant growth, climbing from €26.9 million in Q2 2025 to €43.1 million this year.
CEO Ana Vrabic Verdir remarked on the company's ongoing success, stating, "The strong revenue growth from previous quarters continued in Q2. For the 12-month period ending June 30, 2026, our revenue reached €224 million, an increase of 31% on a reported basis and 37% on a constant currency basis compared to the previous year."
During the quarter, Hacksaw launched a total of 17 proprietary games alongside another 17 developed by third-party partners using its OpenRGS platform. Since 2023, development studios have launched 108 games through OpenRGS.
The average number of daily game rounds rose by 15%, and notably, the company’s top ten games accounted for 49% of its total gaming revenue, up from 46% a year earlier. Hacksaw has expanded its partnerships, adding Good Times Studios and Aloha Gaming, bringing the total to 11 OpenRGS partner studios.
In Q2, Hacksaw's commercial team secured 106 agreements, including 63 with new clients. The company maintained its adjusted EBIT margins at 82%, with a free cash flow conversion rate of 91% over the rolling 12-month period.
Capital expenditure was recorded at €3.5 million, representing 6% of total revenue. At the end of the quarter, Hacksaw had cash and cash equivalents totaling €99 million, with no interest-bearing debt.
Additionally, in May, Hacksaw paid a €116 million dividend following the approval of a €0.40 per share distribution by shareholders.
Looking ahead, Verdir stated, "We continue to deliver strong earnings and high margins, with an adjusted EBIT margin of 82%, in line with the previous quarter."
