Fable Media Group AB FABLE

Spotlight | Technology | IGaming affiliate marketing
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Updated: 27 Sep 2026 Base analysis: 4 Aug 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Existing position can be maintained pending the Q2 report.

Stable profitability and high margins offset short-term volume swings and support the HOLD signal.

Market sentiment Neutral ↑
Trend: Improving

Market sentiment remains predominantly positive due to high dividend yield, confirmed guidance and sequential improvement in player acquisition.

Risk assessment Medium
Dilution: Low Profitable operations without equity financing need
Jurisdiction: Medium Brazil regulation negatively impacts revenue
Execution: Medium Profitability track record but traffic volume dependent

HOLD is the call. Neutral is the market mood. Medium risk means some things can go wrong.

Latest change
  • 12 Sep 2026 — The report was published on 27 August and confirms growth plus dividend proposal, strengthening cash-flow outlook.

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About the company

Fable Media Group AB operates performance-based affiliate marketing and lead generation targeting online gaming and betting operators globally. The company owns several subsidiaries that drive traffic through digital channels and technical platforms. Operations feature a high share of recurring revenue and strong margins.

Sector: IGaming affiliate marketing
Type: Tech
Next report (Q3)
12 Nov 2026
Catalysts
●
12 Nov 2026
Q3 report High
Bull case

Q2 growth, confirmed full-year guidance and dividend proposal strengthen the investment case.

Bear case

Brazilian regulation continues to weigh on volumes and margins have edged slightly lower.

Sensitivity analysis
Factor If it weakens If it strengthens
Brazil regulation Tighter rules → lower FTD volumes and reduced revenue contribution from the market. More stable framework → recovery in volumes and higher revenue contribution from Brazil.
FTD volumes ex-Brazil Lower first-time depositors → weaker growth and margin pressure. Higher FTD volumes → increased revenue and stronger cash flow.
Why this signal

Stable profitability and high margins offset short-term volume swings and support the HOLD signal.

Recent news
  • EGM on 24 September approved the SEK 0.20 per share dividend. The stock traded ex-dividend on 25 September closing at 6.14 SEK. Finansinspektionen announced a sanction fee for market manipulation in the stock on 16 September. Elevated trading volume was recorded on 22 September.

Key figures

Revenue
Q2 2026
SEK 20.2M
Revenue TTM
TTM
SEK 64.0M
EBITDA
Q2 2026
SEK 13.0M
Net income
Q2 2026
SEK 8.6M
Cash
Q1 2026
SEK 5.7M
Total debt
Q1 2026
SEK 60.0M
Gross margin
Q2 2026
64.0%
Shares outstanding
FY 2026
33,970,630
EPS
Q2 2026
SEK 0.25
Exchange
Spotlight
Type
Technology
Sector
IGaming affiliate marketing
Fable Media Group AB FABLE
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.