Huuuge Q2 2026 slides: $120m buyback announced despite revenue decline

Huuuge Games announced a $120 million share buyback program for Q2 2026, despite reporting a $50.9 million revenue decline for the quarter, which barely missed analyst forecasts by $60,000. The Polish-based mobile gaming company, listed on the Warsaw Stock Exchange, saw its shares rise 0.43% to $23.20 following the release. The modest market reaction indicated investors were more focused on the company's commitment to shareholder returns and maintaining profitability margins.

Huuuge's revenue fell 13.4% year-over-year and 9.9% quarter-over-quarter, with adjusted EBITDA down 17.5% and margins contracting 2.0 percentage points. Despite these declines, the company's first-half adjusted EBITDA margin remained stable at 41%. The social casino gaming market continues to contract, as evidenced by a 14.5% year-over-year decline in daily active users for the company's core franchises.

However, monetization metrics showed resilience, with ARPDAU and ARPPU both increasing year-over-year. The company shifted its focus towards capital allocation and business model evolution, achieving a record 42.5% direct-to-consumer (DTC) revenue share in Q2 2026. CEO Wojciech Wronowski highlighted early traction from a recent product release and the company's flexibility in entering the real-money iGaming market through various pathways, including building internally, partnering, licensing a platform, or acquiring.