Key Highlights
Contents
- First quarter 2026 revenue reached €57.6 million for Hacksaw Gaming, marking a 28% year-over-year increase, while profit totaled €45.5 million
- During the quarter, the provider launched 27 fresh gaming titles and finalized 79 business agreements
- The company obtained an Online Gaming Service Provider license in Connecticut, advancing its United States market strategy
- The OpenRGS platform now supports nine partner development studios, expanding the complete game catalog to 320 offerings
- Through Hacksaw Ventures, the company maintains investments in emerging businesses including Kitsune Studios and Jinx Gaming
The opening quarter of 2026 proved successful for Hacksaw Gaming, with the company announcing revenue totaling €57.6 million. This marks a substantial 28% jump from the corresponding three-month period in 2025.
The provider’s profit landed at €45.5 million for the period. Operating profit on an adjusted basis hit €47.4 million, maintaining margin levels at 82%.
CEO Christoffer Källberg characterized the performance as “a strong start of the year with solid growth and high margins.” He attributed the positive outcomes to the organization’s emphasis on product innovation and improved revenue generation.
Twenty-seven new gaming products launched during these three months. The company developed twelve internally, while partner studios contributed fifteen through the OpenRGS infrastructure.
As of March’s conclusion, the OpenRGS platform hosted nine active development studios. Foxhound Games debuted its inaugural offering via the platform in February.
Game Collection Expands to 320 Releases
The complete game catalog from Hacksaw expanded to 320 individual titles throughout the quarter. Daily average gameplay rounds over the trailing twelve months increased 43% versus the previous annual period.
Källberg referenced these metrics as confirmation of the company’s robust game selection and extensive distribution capabilities. He emphasized the accelerated release schedule as a critical growth factor.
Regarding business partnerships, the company finalized 79 commercial agreements in Q1. This figure encompasses 59 fresh client relationships.
Notable partnerships included collaborations with bet365 in Pennsylvania and William Hill across Italy. Delaware North joined as an additional strategic partner.
Connecticut Licensing Accelerates American Market Entry
A significant milestone during the period was securing an Online Gaming Service Provider license within Connecticut. This credential expands the company’s regulatory approvals across American territories.
Källberg stated these partnerships “continue to underscore our long runway for growth.” He emphasized the organization’s approach centers on supporting clients as they enter strategic markets.
Operational cash flow measured €45.7 million during the quarter. The company held €176 million in liquid assets by March’s end, maintaining zero interest-bearing obligations.
Källberg noted the combination of expanding revenue and sustained margins provides organizational flexibility for investment initiatives while preserving financial stability.
Beyond primary operations, the company channels resources through Hacksaw Ventures, its early-stage investment division. The program has supported ventures including Kitsune Studios and Jinx Gaming.
Källberg characterized the investment initiative as “an attractive and long-term capital allocation opportunity.” He acknowledged minimal near-term financial effects from these investments while emphasizing substantial strategic benefits.
The organization indicated it begins the second quarter with positive trajectory and strong confidence. With €176 million in available capital and no outstanding debt, Hacksaw maintains significant capacity for additional partnerships and market expansion throughout upcoming months.
