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Kinda Brave (BRAVE) investor relations material
Kinda Brave Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
HELA remained in development ahead of its December 1, 2026 launch; Q3 revenue was SEK 44k, with EBITDA of -SEK 3.7m and net loss of SEK 4.1m.
Player interest indicators reached 1.27m wishlists and 201.4m organic views; the PC demo ranked 24th among more than 8,000 Steam Next Fest demos.
Financial highlights
Q3 2026 revenue was SEK 44k vs SEK 106k YoY; 9M revenue was SEK 115k vs SEK 375k.
Q3 EBITDA was -SEK 3.7m vs -SEK 6.9m; 9M EBITDA was -SEK 11.2m vs -SEK 14.6m.
Q3 operating loss was SEK 3.8m vs SEK 13.5m; 9M operating loss was SEK 11.5m vs SEK 22.2m, including SEK 6.1m of prior-year Q3 impairments.
Q3 net loss was SEK 4.1m vs SEK 13.9m; 9M net loss was SEK 12.7m vs SEK 24.2m. Q3 EPS was -SEK 0.07 vs -SEK 0.39.
Outlook and guidance
HELA is scheduled to launch December 1, 2026 on Nintendo Switch 2, Xbox Series X|S, PlayStation 5 and PC; release-day availability includes Xbox Game Pass.
Pre-launch priorities include quality assurance, technical stability, certification and coordinated partner activity; paid marketing is planned to intensify near launch.
Commercial results depend on player reception and demand over time; planned accounting at final game approval is explicitly not a forecast.
- HELA's Q4 2026 launch is set amid strong engagement and improved financial stability.BRAVE
Q2 2026 - HELA's development drives costs, but global interest and new investments strengthen outlook.BRAVE
Q1 2026 - HELA's global momentum and new financing position the company for its 2026 launch.BRAVE
Q4 2025 - HELA achieved global acclaim and new financing, positioning for a 2026 launch despite Q3 losses.BRAVE
Q3 2025 - HELA's global exposure and strong wishlist growth set the stage for a major 2026 launch.BRAVE
Q2 2025 - Losses widened in Q3 despite new publishing deals and capital raise, with "Hela" in focus.BRAVE
Q3 2024 - Major publishing deal and stock market listing set stage for revenue growth in Q3.BRAVE
Q2 2024 - HELA's global momentum grows as Kinda Brave invests for future revenue and secures liquidity.BRAVE
Q1 2025 - Negative results offset by new financing and strong momentum for HELA's launch.BRAVE
Q4 2024
Next Kinda Brave earnings date
Next Kinda Brave earnings date
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