Slides
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Q3 Report January - September 2026 23rd October 2026 MONOPOLY TM, ® & © 1935, 2026 Hasbro CEO, Martin Carlesund CFO, Joakim Andersson
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Highlights in the quarter 2 Financial • Net revenues increased 3.7% to EUR 526.1 million (507.1) • Live growth +2.6% to EUR 443.0 million (431.7) • RNG growth +10.1% to EUR 83.1 million (75.5) • Adjusted EBITDA increased 2.7% to EUR 345.9 million (336.9) corresponding to a margin of 65.8% (66.4) Operational • Launched Monopoly Roll’em and Disco Balls • Opened second studio in Lithuania • Introduced US-focused slots brand Spinning Whale
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Quarterly Operational KPIs 3 275 277 301 339 376 357 369 376 386 355 349 368 391 435 0 50 100 150 200 250 300 350 400 450 500 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 25Q2 25Q3 25Q4 26Q1 26Q2 26Q3 17 447 17 823 19 221 20 537 21 141 20 772 21 252 22 223 22 248 21 652 22 475 22 867 22 880 23 408 10 000 15 000 20 000 25 000 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 25Q2 25Q3 25Q4 26Q1 26Q2 26Q3 Increase in staff • YoY growth 8.1% • QoQ growth 2.3% • Expansion in existing locations and new studios Activity in the network • YoY growth 22.5% • QoQ growth 11.3% Headcount end of period Game Rounds index – all games
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Customer & Player IP split by Region 64% 4% 15% 15% 2% Net revenues by Customers’ location Q3 2026, % Revenue by Customer based on where the customers are located: • 64% Europe • 15% North America • 15% Latin America • 4% Asia • 2% Africa & Other 100% of Evolution’s revenues come from licensed operators in regulated jurisdictions. 33% 37% 16% 9% 5% Net revenues by Customers’ players’ IP addresses Q3 2026, % Revenue by Player based on registered IP address at the time of playing: • 37% Asia • 33% Europe • 16% North America • 9% Latin America • 5% Africa & Other The IP address provides an approximation of the location of the operators’ customers at time of playing. Regulated vs Unregulated based on registered IP address at the time of playing: • 49% Regulated in Q3 2026 The IP address provides an approximation of the location of the operators’ customers at time of playing. 39% 39% 40% 39% 39% 39% 41% 45% 44% 46% 47% 48% 49% 49% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% Unregulated Regulated % Regulated Regulated vs Unregulated by Customers’ players’ IP addresses
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Regional Update – Europe & Asia 5 Comments • Revenue of EUR 173.7 million (182.2) corresponding to a negative growth of 4.7% YoY and positive growth of 0.4% QoQ • Second studio in Lithuania opened Europe Comments • Revenue of EUR 192.1 million (189.1) corresponding to a positive growth of 1.6% YoY and 0.8% QoQ • Continued work to solve cybercrime issues Asia 191,0 191,3 194,9 201,8 189,7 180,2 182,2 177,6 167,1 173,0 173,7 100,0 120,0 140,0 160,0 180,0 200,0 220,0 240,0 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 197,6 200,7 202,2 202,2 201,9 209,1 189,1 193,6 197,8 190,5 192,1 100,0 120,0 140,0 160,0 180,0 200,0 220,0 240,0 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Net revenues by Customers’ players’ IP addresses . The IP address provides an approximation of the location of the operators’ customers at time of playing.
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Regional Update – North, Latin America & Africa 6 Comments • Revenue of EUR 84.3 million (74.2) corresponding to a growth of 13.6% YoY and 4.1% QoQ • Strong performance in RNG North America Comments • Revenue of EUR 49.0 million (39.8) corresponding to a growth of 23.1% YoY and 3.2% QoQ • Solid development across the region Latin America 62,1 60,2 64,8 70,6 71,5 74,0 74,2 77,1 78,7 81,0 84,3 50,0 55,0 60,0 65,0 70,0 75,0 80,0 85,0 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 33,0 36,6 37,4 38,5 36,2 37,6 39,8 43,2 46,8 47,5 49,0 25,0 30,0 35,0 40,0 45,0 50,0 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Net revenues by Customers’ players’ IP addresses . The IP address provides an approximation of the location of the operators’ customers at time of playing. Comments • Revenue of EUR 27.1 million (21.9) corresponding to a growth of 23.7% YoY and 4.9% QoQ • Solid development across the region Africa & Other 17,8 19,6 20,2 20,7 21,6 23,4 21,9 22,6 22,6 25,8 27,1 10,0 15,0 20,0 25,0 30,0 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26
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©2026 Hasbro. All Rights Reserved
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378,5 407,5 429,6 441,1 452,6 475,3 501,5 508,4 519,4 533,8 520,9 524,3 507,1 514,2 513,0 517,8 526,1 261,0 279,5 300,2 311,7 318,6 337,0 345,8 345,8 355,6 363,6 342,0 345,3 336,9 341,5 335,3 341,0 345,9 69,0% 68,6% 69,9% 70,7% 70,4% 70,9% 69,0% 68,0% 68,5% 68,1% 65,6% 65,9% 66,4% 66,4% 65,4% 65,9% 65,8% 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 25Q2 25Q3 25Q4 26Q1 26Q2 26Q3 Net revenues Adj. EBITDA Adj. EBITDA, % Financial development 8
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Profit & Loss Comments • Net revenues of EUR 526.1m corresponding to a growth of 3.7% YoY and 1.6% QoQ • Total operating expenses of EUR 235.9m, includes settlement fee to UK Gambling Commission and termination and legal fees for Galaxy Gaming acquisition of EUR 12.1m. Excluding one-offs, growing by 2.8% YoY and 1.7% QoQ o Personnel expenses 5.7% YoY and 2.0% QoQ o Other operating expenses excl. one-offs 0.7% YoY and 1.7% QoQ • Operating profit of EUR 290.3 million • Profit for the period of EUR 243.3 million • EPS of EUR 1.29 9*Other operating revenues was reduction of earn-out liability. P&L Statement Jul-Sep Jul-Sep Jan-Sep Jan-Sep Group, EUR thousands 2026 2025 2026 2025 Revenues - Live 443,038 431,666 1,315,203 1,334,026 Revenues - RNG 83,087 75,457 241,752 218,310 Net revenues 526,125 507,123 1,556,955 1,552,336 Personnel expenses -124,261 -117,546 -366,354 -361,055 Depreciation, amortisation and impairments -43,571 -40,272 -129,484 -117,697 Other operating expenses -68,029 -52,690 -180,459 -167,151 Total operating expenses -235,861 -210,508 -676,297 -645,903 Operating profit 290,264 296,615 880,658 906,433 Financial items -1,887 776 8,679 -12,349 Profit before tax 288,377 297,391 889,337 894,084 Tax on profit for the period -45,078 -45,062 -142,669 -138,769 Profit for the period 243,299 252,329 746,668 755,315 Average number of shares, diluted 189,082,752 202,468,281 195,184,006 204,005,144 Earnings per share, diluted, EUR 1.29 1.25 3.83 3.70 1 2 3
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Cash Flow 10 Capital expenditureOperating cash flow 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0 50 100 150 200 250 300 350 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 25Q2 25Q3 25Q4 26Q1 26Q2 26Q3 Op. Cash flow Cash conversion Note: Op. Cash flow defined as Cash flow from operating activities less capital expenditures (excl M&A and financial investments) Cash conversion = LTM Op.Cash flow / LTM Adj EBITDA 0% 1% 2% 3% 4% 5% 6% 7% 8% 0 5 10 15 20 25 30 35 40 45 50 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 25Q2 25Q3 25Q4 26Q1 26Q2 26Q3 Intangibles Tangibles % of net revenue, LTM Comments • Total investments of EUR 32.0m in intangible and tangibIe assets. • Corresponding LTM investments of EUR 139.8m Comments • Operating Cash Flow after Investments of EUR 334.1m o Working capital contributing with EUR 32.5m • Cash conversion of 85%
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Financial Position 11 EURm 30/09/2026 30/09/2025 31/12/2025 Goodwill 2,298.1 2,336.2 2,370.2 Other non-current assets 963.2 954.0 972.0 Bond portfolio - 103.2 104.1 Total non-current assets 3,261.3 3,393.4 3,446.2 Current assets 1,073.5 1,123.8 1,257.7 Cash and cash equivalents 656.4 656.4 818.0 Total current assets 1,729.9 1,780.1 2,075.6 TOTAL ASSETS 4,991.2 5,173.6 5,521.8 Total equity 3,606.4 3,819.6 4,076.4 Total non-current liabilities 184.0 151.0 194.0 Total current liabilities 1,200.8 1,203.1 1,251.4 TOTAL EQUITY AND LIABILITIES 4,991.2 5,173.6 5,521.8 Comments • Strong financial position remains • Total of EUR 656.4m in cash • Total equity of EUR 3.6bn Balance Sheet Summary 2 1
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T argets & Capital Allocation • Growth: Long-term ambition is to grow at least in line with the market in our regions for both Live and RNG • Profitability: FY 2026 EBITDA Margin targeted to be in line with the outcome of FY 2025 • Games: In 2026 we expect to release 110+ new games • The Board of Directors has resolved on a EUR 2 billion Share Buyback Programme, under which 11,784,056 shares were acquired during the quarter. Capital allocation T argets 2026 12
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Q&A