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Stillfront Group Q2 2026 Interim Report

Stillfront Group’s Q2 2026 interim report highlights a period of strengthened profitability and operational stabilization, driven by a strategic shift toward disciplined user acquisition and normalized marketing investments.

• Stillfront Group reported Q2 2026 net revenue of SEK 1,323 million, driven by 10% growth in key franchises despite a 24% decline in other segments.
• Adjusted EBITDAC reached SEK 387 million, achieving a 29% margin through reduced user acquisition costs and higher direct-to-consumer revenue.
• The company maintains a leverage ratio of 2.0 and is utilizing strong cash generation to reduce debt while funding new titles like Supremacy: Warhammer 40,000 and Empire: Titans and Dragons.

Stillfront Group Q1 2026 Interim Report

Stillfront Group’s Q1 2026 interim report outlines a strategic focus on seven core gaming franchises to drive long-term value and scalable growth.

• Stillfront Group reported Q1 2026 net revenue of SEK 1,333 million, reflecting flat organic growth of -0.4% as a 12% increase in key franchises was offset by a 21% decline in the 'Other games' segment.
• The BIG franchise achieved 88% organic growth, driven primarily by the global launch of Big Farm: Homestead.
• User acquisition costs rose to SEK 447 million (34% of net revenue) to support the Homestead launch, compared to a baseline of 28% in previous quarters.

Stillfront Group FY2025 Annual and Sustainability Report

Stillfront Group’s fiscal year 2025 performance reflects a deliberate strategic pivot toward profitability and cash generation at the expense of top-line expansion.

• Stillfront Group shifted its strategy in FY2025 to prioritize profitability and cash generation over top-line revenue growth, resulting in an adjusted EBITDAC margin of 28 percent.
• The company experienced a 10 percent decline in organic growth, with performance across core franchises fluctuating significantly between –27 percent and 20 percent.
• Financial leverage reached 2.02x, which slightly exceeded the company's established target for the fiscal year.

Stillfront Q2 2024 Interim Report

Stillfront’s second-quarter 2024 interim report details a period of disciplined financial management characterized by strong profitability despite a slight decline in top-line revenue.

• Stillfront reported Q2 2024 net revenue of 1,744 MSEK, a 3.8% year-over-year decrease, while achieving an adjusted EBITDAC margin of 29%.
• Free cash flow surged 97% quarter-over-quarter to 272 MSEK, driven by operational efficiencies and reduced user acquisition spending.
• Gross margins reached 80% for the quarter, supported by a strategic shift toward Direct-to-Consumer (DTC) channels.

Stillfront Q1 2024 Interim Report

Stillfront’s Q1 2024 interim report highlights a period of strategic investment and operational stabilization, characterized by a return to organic growth in bookings and a focus on scaling key titles.

• Stillfront reported Q1 2024 net revenue of 1,739 MSEK with a 1% year-over-year increase in organic bookings.
• The adjusted EBITDAC margin declined by 3 percentage points to 21%, primarily driven by higher user acquisition costs from seasonal marketing campaigns.
• Gross profit margin improved by 2 percentage points to 80%, supported by a robust 828 MSEK in free cash flow generated over the last 12 months.

Stillfront Full-Year Report 2023

Stillfront’s 2023 full-year report details a strategic pivot toward organic growth, highlighted by a recovery in bookings during the final two months of the year.

• Stillfront achieved a 7% sequential organic growth rate in Q4 2023, signaling a recovery in bookings despite a 2% year-over-year decline in net revenue for the same period.
• The full-year adjusted EBITDAC margin increased by 1.8 percentage points to 24.4%, driven by a 2 percentage point improvement in gross margins.
• Direct-to-consumer bookings grew by 29% year-over-year, contributing to improved gross margins by reducing reliance on third-party platform fees.

Stillfront Group Full-Year Report 2023

Stillfront Group demonstrated financial resilience throughout the 2023 fiscal year, navigating a challenging mobile gaming market that saw a contraction of approximately 1.6 to 2 percent.