Acroud started 2026 with higher revenue and improved profitability across both its affiliate and SaaS operations.  Acroud Q1 2026 results reflected growth in sports betting affiliation and continued expansion in its SaaS network business – see more details:

  • Revenue in Acroud Q1 2026 reached EUR 11.6m, up 18% year-on-year from EUR 9.8m. Adjusted EBITDA increased 178% to EUR 1.24m, while EBITDA rose from EUR 206,000 to EUR 1.24m. Loss after tax narrowed to EUR 373,000 compared with EUR 3.26m in Q1 2025.
  • The SaaS segment generated EUR 6.4m in revenue during the quarter, representing a 7% increase year-on-year. Network model revenue climbed 8% to EUR 6.1m, while subscription revenue slipped 4% to EUR 308,000. The segment delivered a record 22,276 new depositing customers despite softer SEO conditions among some clients.
  • iGaming affiliation revenue rose 34% year-on-year to EUR 5.14m. Adjusted EBITDA for the segment increased to EUR 906,000 from EUR 188,000 in the same quarter last year. Sports betting accounted for EUR 4.04m of affiliation revenue, while casino contributed EUR 1.1m.
  • Paid media generated 50% of affiliation revenue in Q1 2026, compared with 75% a year earlier. SEO affiliation revenue increased its share to 42% from 17%, while social and community-based affiliation remained stable at 8%. Acroud said the shift reflects its focus on building more balanced revenue streams.
  • Group new depositing customers fell 31% year-on-year to 50,303. The iGaming affiliation segment reported 28,027 NDCs, down 50% from Q1 2025 but up 25% sequentially from Q4 2025. SaaS network NDCs reached 22,276 during the quarter.
  • Acroud continued reducing debt following its 2025 restructuring process. Gross debt stood at SEK 146m (ca. EUR 13.5m) at the end of the quarter, with bond maturities scheduled for December 2027 and June 2028. The company said remaining non-bond liabilities are moving toward full amortisation in the first half of 2026.
  • CEO Mikael Strunge said the company is beginning to see the impact of operational and financial changes introduced during 2025. “The results of the first quarter of 2026 give us confidence in both our strategic direction and operational platform,” he said. Acroud added that it plans to prioritise growth and balance sheet optimisation over dividends during the coming years.

Please find more news here.