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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.
Nitro Games
Nitro Games (NITRO) investor relations material
Nitro Games Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary26 Oct, 2026
Executive summary
9M revenue fell 37.7% YoY to €3.898m as strategy prioritized profitability over top-line growth.
Reported 9M EBITDA was €1.816m, including a €1.613m non-cash government-loan forgiveness gain; excluding the gain, EBITDA was ~€203k versus €851k a year earlier.
2026 priorities include investing selectively in original games, partnerships and collaborations to grow game revenue and build the 2026–2030 strategy.
Financial highlights
Q3 revenue was €1.372m versus €2.117m YoY, down 35.2%; EBITDA was €73k versus €532k.
Q3 EBIT was -€285k versus €173k; net loss was €303k versus net profit of €149k.
9M revenue was €3.898m versus €6.254m; EBITDA was €1.816m versus €851k, including the loan-forgiveness gain.
9M EBIT was €786k versus -€177k, and net profit was €756k versus a net loss of €252k; both 2026 results include the loan-forgiveness gain.
Outlook and guidance
2026–2030 strategy focuses on launching original games, developing collaborations and partner projects, and increasing game revenue while prioritizing profitability.
More game and partner-project announcements or releases are expected in 2027; partner contributions and investments will vary by project.
Development of the €2.1m mobile-shooter project for a European partner is expected to finish in early 2027; work continued without interruption.
Boltgun Boom drew 1m pre-registrations; purchase conversion was increasing after the reporting period, with launch monetisation and future performance still in progress.
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Latest events from Nitro Games
- H1 returned to profit after a €1.613M loan waiver, despite revenue falling 38.9%.NITRO
Q2 2026 - Profitability improved despite a 38% revenue drop, with strong cash and a €1.6M loan waiver.NITROQ1 2026
- Profitability sustained in 2025 with €8.5M revenue, new agreements, and iGaming growth.NITROQ4 2025
- Profitability returned in Q3 2025 despite lower revenue, driven by cost control and new partnerships.NITROQ3 2025
- Revenue fell 29% in H1, but new partnerships and improved cash position support H2 growth.NITROQ2 2025
- 40% revenue growth and four straight profitable quarters driven by B2B services.NITROQ3 2024
- Record H1 2024 revenue and profitability, with strong cash flow and improved liquidity.NITROQ2 2024
- Q1 2025 revenue dropped 9% but profitability and portfolio expansion continued.NITROQ1 2025
- Record revenue and profitability in 2024, driven by portfolio growth and cost efficiency.NITROQ4 2024
Next Nitro Games earnings date
Q4 202615 Feb, 2027
Nitro Games
Next Nitro Games earnings date
Q4 202615 Feb, 2027
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Frequently asked questions
Nitro Games Oyj engages in the provision of combat strategy and role playing games. The company develops and publishes games such as Raids of Glory, East India Company, and Commander: Conquest of the Americas. It offers its products through mobile application marketplaces for Apple iOS and Android platforms, Amazon Marketplace for Kindle devices, and Mac App Store for Mac computers under the Nitro Games, Steel Media, and Kahuna branding.