Hacksaw Gaming has achieved remarkable financial growth, with its revenue soaring from €56.1 million in the first half of 2024 to €90.4 million in the same period in 2025, marking a 61% increase. This surge is attributed to a 72% rise in daily game rounds and the launch of 11 new in-house titles, highlighting the company’s commitment to innovation and market expansion.
Despite this rapid growth, Hacksaw has maintained impressive profitability. The company’s adjusted EBIT increased by 53% to €74.4 million, resulting in an adjusted EBIT margin of 82%. This performance underscores Hacksaw’s ability to scale efficiently while preserving high margins, a rare feat in the competitive iGaming sector.
Central to this success is Hacksaw’s proprietary Real Game System (RGS), a cloud-based platform that enables rapid game development and distribution across regulated markets. The platform’s flexibility has facilitated Hacksaw’s expansion into key European markets, including Italy and the UK, and its partnerships with operators like LiveScore Group and Daznbet have further extended its reach. Looking ahead, Hacksaw is projected to exceed €200 million in annual revenue by 2026, with EBIT margins stabilizing in the mid-80s. This growth trajectory positions Hacksaw as a formidable player in the iGaming industry.
