Acroud Grows Second-Quarter Revenue by 9%
Sweden.- 26 August 2026 | www.zonadeazar.com Acroud reported EUR12.0 million in revenue for the second quarter of 2026, representing a 9% year-on-year increase.
The iGaming affiliate and services group maintained commercial growth during the period, although adjusted EBITDA remained below the level recorded a year earlier.
Adjusted EBITDA Reaches EUR1.3 Million
Adjusted EBITDA amounted to approximately EUR1.3 million for the quarter.
This represented a 15% decline compared with Q2 2025.
However, the figure improved by around 7% compared with the first quarter of 2026, indicating sequential improvement in profitability.
67,600 New Depositing Customers
One of the strongest operational indicators was growth in new depositing customers.
Acroud recorded approximately 67,600 NDCs, an increase of 38% year-on-year.
The company linked part of this performance to strong activity surrounding the World Cup, which created additional customer-acquisition and engagement opportunities across its affiliate assets.
World Cup Supports Acquisition
Major sporting events remain an important traffic driver for affiliates operating within the betting sector.
During the quarter, the World Cup created a particularly favourable environment for new customer acquisition and increased sports-betting engagement.
Acroud used the event to significantly expand the number of new depositing customers generated through its network.
First-Half Revenue Reaches EUR23.5 Million
For the first six months of 2026, Acroud generated approximately EUR23.5 million in revenue.
This represented an increase of 13% compared with the corresponding period in 2025.
The result extends the positive revenue trend recorded since the latter part of last year.
First-Half EBITDA Up 28%
Adjusted EBITDA for the first half reached approximately EUR2.6 million.
This represented 28% year-on-year growth.
The increase reflects a significant recovery against the 2025 comparative period and supports the company’s strategy of prioritising profitable growth.
First-Half NDCs Decline
Despite the sharp increase during the second quarter, Acroud generated approximately 117,861 new depositing customers across the first half.
This was around 3% lower year-on-year.
The contrast between the six-month figure and Q2 growth highlights the impact of seasonality and major sporting events on customer-acquisition volumes.
Strategy Following Restructuring
Acroud has undergone a significant restructuring process in recent years aimed at improving its financial and operational position.
Management considers much of that restructuring to have been completed during 2025.
The company’s focus for 2026 has shifted towards:
- Sustainable adjusted EBITDA growth.
- Stronger cash generation.
- Debt reduction.
- Selective organic investment.
- Continued operational efficiency.
2026-2028 Financial Targets
In July, Acroud introduced new financial targets covering 2026 to 2028.
The company is targeting 12% compound annual growth in adjusted EBITDA across the three-year period.
It also aims to reduce net debt to adjusted EBITDA to below 1.25x by the end of 2028.
SaaS and Affiliation as Growth Drivers
Acroud’s business model is built around two principal pillars.
The first consists of affiliate assets focused on online casino, poker and sports betting.
The second is its SaaS business serving the wider iGaming ecosystem.
Management believes both areas provide scalable opportunities for future earnings growth.
Statements
Chief Executive Mikael Strunge said the company is entering a new phase after several years focused on restructuring and deleveraging.
Management is now prioritising sustainable earnings growth and progressive improvements in profitability.
Capital discipline and further balance-sheet strengthening also remain central to the strategy.
Industry Context
iGaming affiliate businesses operate in an increasingly competitive environment characterised by regulatory change, higher acquisition costs and greater emphasis on traffic efficiency.
Major sporting events can create significant increases in customer activity but can also make quarterly comparisons more volatile.
For Acroud, Q2 demonstrated that dynamic through strong NDC growth alongside lower year-on-year adjusted EBITDA.
Next Steps or Impact
Acroud will continue focusing on organic growth, profitability and deleveraging during the second half of 2026.
A key challenge will be maintaining revenue momentum after the exceptional acquisition opportunity created by the World Cup.
Adjusted EBITDA and cash-flow development will be important indicators of progress towards the group’s financial targets for 2026-2028.
Editó: @fonta
