Updated Mar 21, 2026 by Stillfront
Stillfront Group reported a 36% year-over-year revenue increase in Q3 2022, achieving an adjusted EBIT margin of 29% despite a broader contraction in the global mobile gaming market.
The company generated over SEK 2 billion in operational cash flow on a last-twelve-months basis, supported by a diversified portfolio of 77 active games.
Management is targeting a consistent long-term EBITDA margin between 35% and 40% by leveraging the 'Stillops' platform to improve synergy and transition acquisitions toward higher-margin, first-party development.
Organic growth reached 1.4% in Q3 2022, with management projecting further acceleration through the remainder of 2022 and into 2023.
The company maintains a strong liquidity position with SEK 2.2 billion in unutilized credit to support a pipeline of 50 new products currently in development.
While subsidiaries like Storm8 and KIXEYE faced market softening and efficiency challenges, these were mitigated by the performance of strategy titles and the integration of high-growth assets such as Jawaker.
Stillfront Group reported a 36% year-over-year revenue increase in Q3 2022, achieving an adjusted EBIT margin of 29% despite a broader contraction in the global mobile gaming market.
The company generated over SEK 2 billion in operational cash flow on a last-twelve-months basis, supported by a diversified portfolio of 77 active games.
Management is targeting a consistent long-term EBITDA margin between 35% and 40% by leveraging the 'Stillops' platform to improve synergy and transition acquisitions toward higher-margin, first-party development.
Organic growth reached 1.4% in Q3 2022, with management projecting further acceleration through the remainder of 2022 and into 2023.
The company maintains a strong liquidity position with SEK 2.2 billion in unutilized credit to support a pipeline of 50 new products currently in development.
While subsidiaries like Storm8 and KIXEYE faced market softening and efficiency challenges, these were mitigated by the performance of strategy titles and the integration of high-growth assets such as Jawaker.