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Enad Global 7 (EG7) investor relations material
Enad Global 7 Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net revenue rose 39.5% YoY to SEK 495.6m, with FX-adjusted organic growth of 39.0%; adjusted EBITDA reached SEK 125.8m, the strongest quarter in seven quarters.
Studio growth and new releases supported results, while SEK 367.5m in impairment charges—mainly for Aliens: Fireteam Elite 2—drove reported EBIT to SEK -322.9m and net loss to SEK 250.5m.
Financial highlights
Net revenue was SEK 495.6m versus SEK 355.3m; adjusted EBITDA was SEK 125.8m versus SEK 63.2m.
Adjusted EBITDA margin reached 25.4%, up 7.6 percentage points YoY; reported EBITDA was SEK 125.4m after SEK 0.4m of items affecting comparability.
Adjusted EBIT was SEK 45.0m versus SEK -14.0m; reported EBIT was SEK -322.9m versus SEK -22.8m, reflecting impairment charges of SEK 367.5m.
Operating cash flow increased to SEK 109.6m from SEK 50.9m; quarter-end cash was SEK 368.3m.
Outlook and guidance
Q4 pipeline includes LOTRO: The Wolves of Mordor, EverQuest: Favors of Fortune, EverQuest II: Descent to Val'Zyroth, Palia releases and further Far Far West content.
Q1 2027 plans include EverQuest Legends: Rulers of Kunark and Aliens: Fireteam Elite 2 on Nintendo Switch 2; Necesse platform and content upgrades are also planned.
Two game prototypes received Board approval for a combined maximum investment of USD 6m; subject to further approval, both could enter production in 2027.
Fair Games sees opportunities to expand Necesse across platforms and geographies and develop the franchise further.
- Q2 saw 25.3% revenue growth, record margins, and all units profitable, led by Fireshine.EG7
Q2 2026 - Net profit rebounded to SEK 20.8 million amid lower revenue and strong cash flow.EG7
Q1 2026 - Q4 2025 saw revenue decline, major impairment, and strong growth in Daybreak and Palia.EG7
Q4 2025 - Q3 revenue declined 24% year-over-year; Palia grew, Cold Iron delayed, industry remains tough.EG7
Q3 2025 - Q2 revenue up 7.4%, led by Palia's launch and live service growth, with strong liquidity.EG7
Q2 2025 - Q3 2024 delivered SEK 465.7m revenue, strong new releases, and margin pressure from delays.EG7
Q3 2024 - Q2 revenue and EBITDA fell, but cost savings and Singularity 6 deal set up a stronger H2.EG7
Q2 2024 - Q1 revenue up 19.3%, EBITDA margin 16.2%, with strong cash and Fireshine-led growth.EG7
Q1 2025 - Q4 delivered record profitability and cash flow, setting up 2025 for renewed growth.EG7
Q4 2024
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