Adtraction Group (ADTR) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 24.2% to SEK 355.0m and gross profit increased 25.3% to SEK 67.7m, marking a fourth consecutive quarter of gross-profit growth.

• EBITA rose 87% to SEK 22.2m, with operating leverage converting 75% of incremental gross profit to EBITA.

• Growth spanned most markets and verticals; most was organic, while roughly half of European growth was attributed to the Affiliate Future acquisition.

Financial highlights

• Q3 reported net income was SEK 2.1m, versus a SEK 6.5m loss a year earlier; operating income was SEK 4.7m, versus a SEK 5.8m loss.

• Q3 adjusted net income was SEK 17.8m, up from SEK 9.4m; adjusted EPS was SEK 1.07, versus SEK 0.57.

• 9M revenue was SEK 984.8m and EBITA SEK 46.8m; adjusted net income was SEK 37.7m, versus SEK 24.8m in 9M 2025.

• 9M reported net loss was SEK 7.0m, versus SEK 22.7m in 9M 2025; adjusted EPS was SEK 2.27, versus SEK 1.49.

• Currency fluctuations contributed 1% to reported Q3 sales growth.

Outlook and guidance

• Medium-term targets are net sales growth above 20% annually and an EBITA margin of at least 7%; growth is prioritized over profitability, and quarterly growth above 20% is not expected every quarter.

• October-to-date growth was double-digit; campaign bookings pointed to a better Black Friday season than in 2025, with the usual Q4 seasonal pattern expected.

• E-commerce grew each quarter in 2026 and accelerated in Q3 versus H1; Finance had good momentum entering Q4.

• Current and 2027 priorities include new sales, brands and partners, international sales, and matching service levels to their needs.