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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.
VO2 Cap
VO2 Cap (VO2) investor relations material
VO2 Cap Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 revenue rose 13.8% YoY to SEK 81.9m; adjusted EBITDA increased 56.2% to SEK 10.3m versus adjusted SEK 6.6m in Q3 2025.
Growth and profitability reflected DOOH and AdTech expansion, cost control, and efficiency improvements; Display remained affected by the online-business transition.
Financial highlights
Q3 revenue was SEK 81.9m (SEK 71.9m); EBIT was SEK 6.8m (SEK 2.1m) and net income was SEK 5.2m (SEK 3.0m).
Q1–Q3 revenue rose 7.3% to SEK 234.0m; net income was SEK 4.3m versus SEK 1.2m, excluding discontinued operations’ SEK 21.3m loss in 2025.
Q3 operating cash flow was SEK 7.4m (SEK 4.3m); total cash flow was SEK 0.3m (negative SEK 0.8m).
Outlook and guidance
Strategy remains focused on organic growth, selective complementary acquisitions, profitable expansion, and investment in existing portfolio businesses.
Management sees continued DOOH expansion potential and is pursuing flexible AI use through selected technology partners rather than dependence on a single platform.
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Latest events from VO2 Cap
- Q2 revenue up 7.0% YoY, AdTech and DOOH drive growth, cash flow and liquidity strengthen.VO2
Q2 2026 - Q1 2026 saw 0.7% revenue growth, strong AdTech gains, and a shift to flexible financial targets.VO2Q1 2026
- Record growth and profitability in 2025, led by AdTech and strategic restructuring.VO2Q4 2025
- AdTech growth and improved profitability drive revenue and cash flow gains, with reduced debt.VO2Q3 2025
- AdTech growth and portfolio streamlining drive improved margins despite subsidiary bankruptcy.VO2Q2 2025
- Q3 saw revenue growth but a major impairment drove a net loss; digital segments outperformed.VO2Q3 2024
- Revenue grew 1.3% in Q2, with DOOH and AdTech driving margin gains despite lower net results.VO2Q2 2024
- Profitability and cash flow improved as VO2 executed strategic portfolio actions.VO2Q1 2025
- Stable revenue and margin gains in 2024, but net loss from large goodwill impairments.VO2Q4 2024
Next VO2 Cap earnings date
Q4 20265 Feb, 2027
VO2 Cap
Next VO2 Cap earnings date
Q4 20265 Feb, 2027
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Frequently asked questions
VO2 Cap Holding AB is a Sweden-based company engaged in the media technology industry. The company focuses on acquiring and refining entrepreneurial companies, providing them with necessary resources such as skills, tools for sales, structure, technology, and programming. VO2 Cap Holding operates in various sectors, including media, marketing, and technology, aiming to drive growth and profitability for its portfolio companies. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Nasdaq Stockholm.