Hacksaw Q3 Revenue Rises 12% to €58.1 Million as Growth Slows
Hacksaw’s adjusted EBIT margin increased to 83%, while management attributed slower revenue growth to weaker performance from changes in its game and operator mix.
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Stake ranked first in India’s September IGR Index with 75.82 points, while Parimatch recorded the highest Ahrefs monthly search volume among the listed brands.

Stake topped India’s September 2026 IGR Index ranking with a score of 75.82, followed by Parimatch at 64.53. WinMatch placed third with 35.17, narrowly ahead of Dafabet at 34.13.
The accompanying Ahrefs figures show a different order for monthly search volume. Parimatch recorded 3.4 million searches, compared with 1.8 million for WinMatch, 1.5 million for Dafabet and 1 million for Stake.
The two measures should be read separately. iGamRadar describes its proprietary IGR Index as a score from zero to 100 based on processed search-demand signals. It is an indicator of relative brand demand, rather than a measure of website traffic, revenue or market share.
Stake led with 75.82 points and an Ahrefs monthly search volume of 1,000,000. Parimatch followed with 64.53 points and 3,400,000 searches. WinMatch scored 35.17 with 1,800,000 searches, while Dafabet recorded 34.13 and 1,500,000.
Fifth-placed 1win scored 31.38 with 673,000 searches. Next came 4RABET at 26.30 and 1,000,000 searches, followed by 1xBet at 22.08 and 550,000.
Pin-Up ranked eighth with 16.39 points despite a comparatively low reported search volume of 18,100. IPLwin placed ninth at 14.91 with 673,000 searches, and Khelo24Bet completed the top ten at 11.59 with 550,000.
WinExch ranked eleventh with 8.57 points and 368,000 monthly searches. Tez888 followed at 6.23 and 201,000, ahead of RoyalJeet at 5.58 and 301,000.
Play In Exchange scored 5.28 with 165,000 searches, followed by Gullybet at 5.11 and 301,000. The next four brands each recorded 201,000 searches: 99exch scored 4.82, Fun88 4.76, KheloStar 4.55.
Rajabets ranked nineteenth with 3.52 points and 110,000 searches. Indibet completed the ranking with 3.45 points and 246,000 searches.
The supplied September snapshot contains no previous-month scores, so it does not establish which brands gained or lost ground during the month.
Hacksaw’s adjusted EBIT margin increased to 83%, while management attributed slower revenue growth to weaker performance from changes in its game and operator mix.
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