Hacksaw Seeks Investments In Early-stage Firms After Q1 Revenue Growth

Hacksaw Gaming CEO has revealed the business’ intentions to invest in early-stage companies. The company reported strong financial results for the first quarter of 2026, with revenue rising 28.1% year-on-year to €57.6m. Its adjusted operating profit reached €47.4m at an 82% margin, representing a 27.3% increase from the prior year. 

For the quarter, overall profit increased to €45.5m, up 51.1%, while cash flow from operating activities improved from €40.8m to €45.7m. Group CEO Christoffer Källberg said: “The quarter was marked by a high degree of global macroeconomic uncertainty. Despite this backdrop, we have remained resilient and focused, continuing to execute on our strategy and deliver strong operational and financial results.”

Content output and platform expansion drive engagement

Hacksaw released 27 games during the quarter, including 12 developed internally and 15 produced by partner studios using its OpenRGS platform. The company reported that nine studios were active on the platform by the end of the period, with Foxhound Games launching its first title in February.

“This reflects both our strong internal capacity to continuously deliver high-quality content, and the strength and attractiveness of our platform. By the end of the quarter, we had nine studios developing games on our platform, with Foxhound Games having launched its first game in February,” Källberg stated.

It recorded a 43% rise in the daily average number of rounds played over the past 12 months compared to the previous period. Hacksaw signed 79 agreements during the quarter, including 59 new client deals. Partnerships included launches with bet365 in Pennsylvania, William Hill in Italy and Delaware North in West Virginia.

The company also secured an online gaming service provider licence in Connecticut, expanding its ability to supply content in the US market.

Hacksaw Ventures targets early-stage investment

Källberg made further comments on this move. “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.”

“We refer to this initiative as Hacksaw Ventures. We view this as an attractive and long-term capital allocation opportunity, while short-term financial impact from specific investments will be limited in relation to the group. As a part of this, we made an investment in Kitsune Studios in the fourth quarter last year and in Jinx Gaming during the quarter,” he added.

Strategic positioning focuses on scale and ecosystem growth

Hacksaw Ventures was launched in March to support emerging studios through funding, operational guidance and distribution access. The strategy will strengthen the company’s broader content ecosystem.

“With Hacksaw Ventures, we’re ready to back visionary founders who want to disrupt the gaming landscape,” said Hacksaw operational CEO Marcus Cordes at the launch:

“We understand the challenges you face and know the steps needed to reach your goals. When we back you, we plug you directly into an ecosystem built for scale, leveraging our position as one of the world’s fastest-growing content providers and our extensive distribution network spanning top-tier operators in regulated markets,” he reiterated.

Hacksaw Gaming is planning to invest in early-stage studios through the Hacksaw Ventures initiative. This move allows the brand to expand its content portfolio, while supporting new businesses with capital, expertise, and industry connections.