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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
MindArk
MindArk (MNDRK) investor relations material
MindArk has been delisted
MindArk Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary19 May, 2026
Executive summary
Net revenue for Q1 2026 was 16 MSEK, down 3% year-over-year due to currency effects, despite increased user activity and deposits in Entropia Universe.
Operating loss widened to -5.6 MSEK from -4.9 MSEK year-over-year, with loss before tax at -6.5 MSEK versus -2.6 MSEK.
Technical progress included modernization of core systems, new user features, and continued AI-driven development.
No significant events occurred during the quarter; after Q1, the Board proposed delisting from Spotlight Stock Market.
Financial highlights
Net revenue: 16 MSEK (16.6 MSEK Q1 2025), a 3% decrease.
Operating profit: -5.6 MSEK (-4.9 MSEK Q1 2025).
Profit before tax: -6.5 MSEK (-2.6 MSEK Q1 2025).
Earnings per share: -0.19 SEK (-0.08 SEK Q1 2025).
Cash and cash equivalents: 20.3 MSEK at quarter end.
Outlook and guidance
Underlying user activity and deposits increased, indicating positive operational momentum.
Technical and operational positioning seen as stronger than a year ago, with continued investment in AI and infrastructure.
Currency effects expected to continue impacting SEK-reported revenues.
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Latest events from MindArk
- AI transformation drove operational change, but revenue and profit declined amid lower user activity.MNDRK
Q4 2025 - Q3 2025 revenue rose 2.6% to 19.9 MSEK, with strong liquidity but negative operating profit.MNDRKQ3 2025
- Q2 2025 saw sequential recovery in revenue and profit, with major launches and AI-driven innovation.MNDRKQ2 2025
- Revenue declined and operating profit turned negative, but MindArk remains well-capitalized.MNDRKQ3 2024
- Profitability returned in Q2 2024 as sales rose and costs fell, with AI and tech upgrades advancing.MNDRKQ2 2024
- Revenue and user activity declined, but AI investments and new content support future growth.MNDRKQ1 2025
- Revenue and profit fell sharply in Q4, but liquidity remains strong and outlook is positive.MNDRKQ4 2024
MindArk
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Frequently asked questions
MindArk is a Swedish software company known for creating and managing Entropia Universe, a popular MMORPG-style online virtual universe. This platform is distinguished by its Real Cash Economy system, allowing players to engage in a virtual economy with real financial implications. Entropia Universe is composed of several virtual planets, each managed by different planet partners, offering a wide array of experiences and adventures. The company is headquartered in Gothenburg, Sweden, and its shares are listed on the Stockholm Stock Exchange.