Hemnet Q1 Revenue Falls 25%

Hemnet Group Q1 2026 revenue fell 24.7% YoY to SEK 247.2 million, missing estimates by 3.4%.
Adjusted EBITDA dropped 43.3% to SEK 89.3 million, margin contracting 11.8 points to 36.1%, missing consensus by 3.9%.
New “Sell first, pay later” model shifted revenue timing; paid listings fell 38.3% while ARPL rose 12.2% to SEK 9,109.
CEO Jonas Gustafsson noted early‑April listing surge and reiterated long‑term targets of 15‑20% sales growth and >55% EBITDA margin.