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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.
Tourn International
Tourn International (TOURN) investor relations material
Tourn International Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary30 Oct, 2026
Executive summary
Q3 revenue was SEK 8.042m versus SEK 9.895m YoY; the decline was primarily driven by NAGATO, while AGENCY revenue rose 189%.
Consolidated EBITDA improved 52% YoY to -SEK 1.563m; 9M EBITDA improved 56% to -SEK 3.333m, and operating cash flow was positive SEK 1.0m for 9M.
Costs fell 22% YoY for a third consecutive quarter with a materially lower cost base; management is prioritizing NAGATO volume recovery and scaling AI-agent revenue.
Financial highlights
Q3 net loss was SEK 3.111m versus SEK 2.889m; EPS was -SEK 0.32 versus -SEK 0.30.
Q3 EBIT was -SEK 2.616m versus -SEK 4.739m; 9M EBIT was -SEK 6.465m versus -SEK 12.053m.
Adjusted core-business EBITDA was -SEK 1.519m in Q3 versus -SEK 0.941m; 9M adjusted core EBITDA improved to -SEK 2.521m from -SEK 2.984m.
Q3 revenue was SEK 8.042m and 9M revenue SEK 30.579m, versus SEK 9.895m and SEK 40.996m, respectively, in 2025.
Outlook and guidance
The 2026 goal of profitable growth is unlikely to be fully achieved; Q4 started well and is expected to contribute positively to FY results.
Long-term target: SEK 500m revenue and 10% profit margin in 2028.
AGENCY had SEK 15m of campaigns booked for 2026; focus includes higher campaign volumes and expansion into more European markets.
Vertikal AI plans to increase agents in operation and recurring revenue, conclude enterprise negotiations, and streamline onboarding; new customer work is expected to begin billing in Q4.
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Latest events from Tourn International
- EBITDA up 33% YoY, revenue down 30.6% as AI boosts margins and Vertikal AI turns profitable.TOURN
Q2 2026 - EBITDA up 68% year-over-year as cost cuts and AI boost margins, despite lower revenue.TOURNQ1 2026
- Profitability rebounded in Q4 as automation and AI drove efficiency and margin gains.TOURNQ4 2025
- Q3 2025 saw EBITDA up 28.2% year-over-year, with core and Nagato driving profitability.TOURNQ3 2025
- Profitability improved in Q2 2025, driven by core operations and NAGATO, despite cash burn.TOURNQ2 2025
- Profitability improved in core segments, with 2025 set for growth and positive EBITDA.TOURNQ3 2024
- Profitability improved in core segments, but revenue declined and investments impacted results.TOURNQ2 2024
- Margins improved despite lower revenue; 2025 targets signal renewed growth.TOURNQ4 2024
- Core business profitability improved, with NAGATO and Agency driving growth and Baud expanding in China.TOURNQ1 2025
Next Tourn International earnings date
Q4 202611 Feb, 2027
Tourn International
Next Tourn International earnings date
Q4 202611 Feb, 2027
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Frequently asked questions
Tourn International AB offers advertising services for brands and influencers. We focus on the development, placement and evaluation of content marketing, branded content and brand activation on Facebook, Instagram, YouTube and Snapchat. Tourn is a service provider to the industry that offers cost-effective advertising solutions through performance marketing, as well as taking responsibility for what is circulating in social media. Tourn International AB was founded in 2014 and is based in Stockholm, Sweden.