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

Huuuge Games disclosed its Q2 2026 financial results on September 17, reporting a $120 million share buyback amidst declining social casino gaming market conditions. The company revealed $50.9 million in revenue, a 13.4% year-over-year decrease. However, Huuuge maintained a strong 39% adjusted EBITDA margin. CEO Wojciech Wronowski and CFO Maciej Hebda highlighted the focus on shareholder returns and long-term growth strategies, even as the social casino market contracted at a low single-digit rate annually.

Despite a 14.5% drop in daily active users, average revenue per daily active user increased by 1.5% to $2.24, and average revenue per paying user rose by 2.3% to $52.00. The company allocated 42.5% of total revenue to direct-to-consumer (DTC) channels, up from 41% in Q1 and 44.9% by July. Management is exploring iGaming market entry through various avenues, with a target launch in early 2027.

The $120 million buyback represents 164% of the company's 2025 free cash flow and underscores Huuuge's financial flexibility and commitment to capital returns.