Kvix (KVIX) Q2 2026 earnings summary

Executive summary

• Achieved record quarterly net revenue of 4.4 MSEK in Q2 2026, up from 2.4 MSEK year-over-year, driven by growth in active players for Modern Command Mayhem.

• Operating result declined to -0.1 MSEK from 0.5 MSEK due to increased marketing and user acquisition costs.

• Focused on enhancing game content and data-driven improvements, with new recurring events boosting engagement and monetization.

• No significant events occurred during or after the period.

Financial highlights

• Net revenue for Q2 2026: 4.4 MSEK (2.0 MSEK increase year-over-year); H1 2026: 8.4 MSEK.

• Operating result Q2: -0.1 MSEK (down 0.6 MSEK year-over-year); H1: 0.1 MSEK (down 2.4 MSEK, prior year included 2.5 MSEK one-off income).

• Cash flow from operations Q2: 0.5 MSEK; cash at period end: 0.7 MSEK.

• Earnings per share Q2: -0.01 SEK; H1: 0.00 SEK.

• No interest-bearing debt at period end.

Outlook and guidance

• Management expresses increased confidence for H2 2026, citing improved game quality, player insights, and marketing efficiency.

• July showed continued positive trends in both player engagement and monetization.

• Ambition remains to significantly grow the player base and revenue.