Hacksaw Gaming sinks as revenue forecast falls short of expectations

Hacksaw Gaming’s shares dropped 25% today following their Q3 trading update, which indicated a slowdown in growth for the supplier. The adjusted operating profit (EBIT) for Q3 is expected to be approximately EUR 48 to 49 million (Q3 2025: EUR 42.1 million), with an adjusted operating margin (EBIT margin) of approximately 83 percent (Q3 2025: 81 percent), which corresponds to an increase of approximately 14 to 16 percent compared to the corresponding period in 2025. The total revenue growth in the Q3 was below the Group’s historical growth pace.