(AsiaGameHub) – Acroud AB is confident that it is building the premier commercial engine to sustain its expansion within the iGaming media and affiliate sector.
This assertion comes on the heels of strong Q1 financial results, which showed enhanced revenue and cash flow across both its B2C publishing network and B2B SaaS division.
The Stockholm-listed software and affiliate group posted Q1 2026 revenues of €11.6 million, a year-on-year growth of 18%, driven by the positive operational impact of strategic investments made during 2025.
Adjusted EBITDA surged by 178% year-on-year to reach €1.24 million, while operating cash flow rebounded to €1.66 million, recovering from the negative cash flow seen in the same period of the prior year.
Robert Andersson, the Chief Executive Officer, noted that the quarter’s performance confirmed the success of a “hard reset in 2025” restructuring plan for the publishing network, which aimed to diversify operations “beyond its historical reliance on SEO assets and algorithms.”
“The opening quarter of 2026 represents a robust beginning to the year, proving the value of multiple strategic choices and investments made over the course of 2025,” stated Andersson.
“After a fourth quarter marked by high investment in our Affiliation Segment, we started 2026 with an enhanced operational foundation, a better market standing, and a far more streamlined financial setup.”
Acroud highlights successful investment returns
Acroud’s SaaS business unit brought in €6.4 million in revenue, a 7% increase compared to the previous year, as leadership pointed to the ongoing scalability of its network and subscription frameworks, even amidst market fluctuations that affected partner SEO results.
The firm achieved a record high of 22,276 New Depositing Customers (NDCs) in its SaaS segment, which executives pointed to as proof of sustained underlying demand.
At the same time, Acroud’s iGaming Affiliation division turned in one of its most impressive quarterly performances in recent history.
Revenue for the segment rose 34% year-on-year to €5.1 million, and adjusted EBITDA soared 382% to €906,000, bolstered by improved sportsbook margins and operational refinements made in prior quarters.
Leadership highlighted that capital directed toward traffic diversification, AI technology, and SEO optimization is starting to boost efficiency and lower operational expenses.
Furthermore, Acroud bolstered its balance sheet during the period, lowering its leverage as the net debt-to-adjusted EBITDA ratio improved to 2.1x.
Net losses were also significantly reduced, dropping to €373,000 from the €3.3 million loss recorded in Q1 2025.
Moving forward, executives believe the company is heading into the rest of 2026 with more robust fundamentals, prompting leadership to explore possibilities for rewarding shareholders with a premium dividend for 2026.
Andersson concluded: “Backed by a healthier balance sheet, enhanced profitability, rising cash generation, and an expanding pipeline of projects in both business units, we are confident that Acroud is primed to deliver sustained value for our shareholders over the long term.”
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