EG7 revenue jumps 39.5% to 495.6 million kronor in strongest quarter in 7 quarters
Key Facts
Enad Global 7 published its third-quarter report on 10 November 2026, reporting revenue of 495.6 million Swedish kronor for the July-to-September period, up 39.5% year over year. CEO Ji Ham said the quarter was the strongest in the past 7 quarters, pointing to strength in revenue and cash flow. Adjusted for currency, organic growth was 39.0%, putting reported growth above the effect of exchange-rate changes. But strong revenue performance coincided with a large operating loss after the company recorded impairments related mainly to Aliens: Fireteam Elite 2. The financial picture was therefore mixed, with business growth and improved cash on one side and accounting losses on the other.
Operating cash flow rose to 109.6 million kronor in the third quarter, compared with 50.9 million in the same period a year earlier. EG7 said its cash balance was 368.3 million kronor at the end of the quarter, alongside an unused revolving credit facility of 100.0 million kronor. Net cash was 19.8 million kronor at the end of the period. These figures highlight the contrast between the company's ability to generate cash and its accounting income result, as the company said the impairment does not affect cash flow. In the second quarter, the company reported revenue of 474.6 million kronor, up 25.3% year over year, while adjusted earnings before interest, taxes, depreciation and amortization were 99.4 million kronor, with a 20.9% margin.
EG7 posted an operating loss of 322.9 million kronor, compared with a loss of 22.8 million a year earlier, while adjusted operating profit reached 45.0 million kronor, versus an adjusted loss of 14.0 million in the year-earlier period. The company attributed a large part of the loss to impairment charges of 367.5 million kronor. That included 361.8 million kronor related to Aliens: Fireteam Elite 2, which the company said did not meet its high commercial expectations. The pretax loss was 330.5 million kronor, compared with a loss of 29.5 million in the third quarter of the previous year. Earnings per share also showed a loss of 2.83 kronor, versus a profit of 0.22 kronor a year earlier.
The performance of the company's units and games varied during the quarter, with Big Blue Bubble revenue growing 44% and Fireshine revenue rising 67%. EG7 attributed Big Blue Bubble's growth to increased player engagement during its 14th-anniversary campaign. Fireshine benefited from additional content for Far Far West and the launches of Denshattack! and Duskfade. The company said the launch of EverQuest Legends exceeded its commercial expectations. By contrast, Aliens: Fireteam Elite 2 did not meet high commercial expectations, despite contributing to quarterly revenue growth, according to EG7.
The company scheduled the launch of Aliens: Fireteam Elite 2 on Nintendo Switch 2 for the first quarter of 2027, as part of its next steps for the game after its commercial results fell short of expectations. EG7 is due to publish its fourth-quarter 2026 report on 16 February 2027. The company held a live presentation of its third-quarter results on 10 November at 09:00 Central European Time, led by Ji Ham and Deputy CEO and CFO Fredrik Rüdén, followed by a question-and-answer session. These dates provide the next framework for tracking the company's performance after a quarter the CEO described as the strongest in 7 quarters. Third-quarter results remain shaped by a mix of revenue and cash-flow growth and the impact of impairments on reported earnings.