Fable Media Group (FABLE) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw a 29% year-over-year decrease in total revenue to SEK 15.4 million, mainly due to reduced commissions from Brazil, but net sales excluding Brazil grew 20% to SEK 13.2 million.

• EBITDA for Q3 decreased 31% to SEK 10.5 million, with a margin of 68%. Profit after tax was SEK 4.4 million, down from SEK 12.0 million in Q3 2024.

• The company distributed its first-ever dividend of SEK 0.10 per share (SEK 3.4 million total) and plans to continue quarterly dividends.

Financial highlights

• Q3 net sales: SEK 15.4 million (down 29% year-over-year); net sales excluding Brazil: SEK 13.2 million (up 20%).

• Q3 EBITDA: SEK 10.5 million (down 31%); EBITDA margin: 68%.

• Q3 operating profit (EBIT): SEK 10.4 million (down from SEK 14.1 million).

• Q3 profit after tax: SEK 4.4 million (down from SEK 12.0 million).

• Basic and diluted EPS: SEK 0.13 (down from SEK 0.35).

• January–September 2025: revenue SEK 52.3 million (down 27%), EBITDA SEK 32.1 million (down 37%), profit after tax SEK 23.6 million (up from SEK 22.3 million).

Outlook and guidance

• Full-year 2025 revenue forecast: SEK 67–77 million; EBITDA: SEK 42–49 million, revised downward due to Brazil and weaker sportsbook margins.

• Brazil's impact on results expected to be limited from early 2026.