Qiiwi Games (QIIWI) Q2 2026 earnings summary

Executive summary

• Wordington Solitaire significantly transformed the business, driving growth and operational improvement, and accounted for 71% of Q2 revenue, with its share rising to 79% by June.

• Q2 2026 confirmed the game's potential and the impact of an AI-first, scalable operating model.

• Strategic partnership with Plan A Games was established for user acquisition financing and operational support.

• EBITDA improved to 306 TSEK from -1,761 TSEK in Q2 2025, with EBIT nearly break-even at -92 TSEK.

• Detective Solitaire entered market testing as part of portfolio expansion.

Financial highlights

• Q2 2026 revenue reached 6,485 TSEK, up 99% year-over-year from 3,266 TSEK in Q2 2025.

• Sequential revenue growth was 113% from Q1 2026.

• Net result after tax improved to -176 TSEK from -2,733 TSEK in Q2 2025.

• Marketing investments increased to 4.2 MSEK, up 258% year-over-year.

• Earnings per share: -0.02 SEK (-0.30 SEK in Q2 2025).

Outlook and guidance

• Focus remains on scaling Wordington Solitaire and leveraging the Plan A Games partnership for further growth.

• Continued investment in product improvement, data-driven decision-making, and disciplined scaling planned for H2 2026.

• Marketing investments for Wordington Solitaire expected to increase significantly.

• Detective Solitaire in market testing as part of Solitaire Associations genre expansion.