Fable Media Group (FABLE) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 21% YoY to SEK 18.7m and referred FTDs increased 27% to 13,233; EBITDA was nearly flat at SEK 10.6m as increased marketing weighed on margins.

• Brazil's nationwide betting and casino ban at September-end halted operations there for the time being; weaker October margins and the regulatory change prompted lower FY 2026 guidance.

Financial highlights

• Q3 net sales were SEK 18.7m vs SEK 15.4m; EBITDA and Adjusted EBITDA were both SEK 10.6m vs SEK 10.5m, while EBIT was SEK 10.5m vs SEK 10.4m.

• Q3 profit after tax increased to SEK 6.9m from SEK 4.4m; basic and diluted EPS rose to SEK 0.20 from SEK 0.13.

• 9M net sales increased 11% to SEK 54.6m; EBITDA fell 7% to SEK 32.6m, while Adjusted EBITDA rose 1% to SEK 32.6m.

• 9M EBIT was SEK 32.2m vs SEK 34.7m, profit after tax SEK 21.0m vs SEK 23.6m, and EPS SEK 0.62 vs SEK 0.69.

• 9M comparative Adjusted EBITDA excludes a positive SEK 2.8m earnout revaluation relating to the Fable Media ApS acquisition.

Outlook and guidance

• FY 2026 guidance is net sales of SEK 69–74m and Adjusted EBITDA of SEK 40–45m, revised from SEK 70–85m and SEK 45–55m.

• The revision followed weaker-than-expected October margins and Brazil's regulatory changes; guidance reflects expected sales, marketing expenditure and typical seasonality.