You can feel the seasonal slowdown every year, but Acroud Q3 2025 still pushed ahead. The company leaned on its SaaS momentum to drive stronger results across the board. And with the Acroud Q3 2025 figures landing higher than expected, management says the business enters Q4 with solid confidence.
Revenue reached EUR 13m, increasing 41% year-on-year while the SaaS segment delivered standout growth; Acroud Q3 2025 performance was described by CEO Mikael Strunge as “record-breaking” for several core metrics. Adjusted EBITDA reached EUR 1.4m after rising 75% compared to last year. Loss after tax came in at EUR –681k, improving against the prior year.
New depositing customers (NDC) totalled 45,508, up 10% year-on-year but down 7% from Q2, reflecting expected seasonal effects. Cash flow from operating activities reached EUR 1.1m compared with EUR 206k last year. Earnings per share landed at EUR –0.0006 versus EUR –0.006.
For the first nine months, revenue hit EUR 33.8m, increasing 20% year-on-year with 2% organic growth. Adjusted EBITDA stood at EUR 3.4m, slightly below the previous year due to lower comparability effects. NDCs for the period rose 26% to more than 167,000.
In Q3 2025 the iGaming affiliation segment generated EUR 3.8m in revenue (29% of Total Group Revenue) and EUR 858k adjusted EBITDA, seeing a softer net gaming result in September. Acroud attributed this to outcomes across European football leagues rather than structural change. Management said the project pipeline remains intact and focused on upcoming launches.
The SaaS segment reported in Q3 2025 EUR 9.3m in revenue and EUR 840k adjusted EBITDA, both all-time highs for the unit. NDC (New Depositing Customers with an iGaming operator – casino, bingo, sports betting) growth returned to positive territory with a 27% quarter-on-quarter increase. Leadership additions included new COO, CBDO and CAO appointments, all filled internally to support organisational efficiency.
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