Oslo, 5 November 2026: Huddly reported revenues in Q3 2026 of NOK 42 million, a
decline of 7% from Q3 2025 and a decline of 1% in constant currency. The gross
margin was 44% in the quarter.
Strategic Partner revenue was in line with Q2 2026 and lower than expected as
the commercial rollout has taken longer than planned. Channel revenue grew 7%
year-over-year and by 13% in constant currency.
During the quarter, Strategic Partners expanded shipments to additional regions.
Barco finalized Microsoft Teams certification for all room types in October
2026. Huddly also strengthened its Channel organization with a new Global Head
of Channel Sales.
"Our focus is on realising the potential in our Strategic Partnerships. Our
Strategic Partners are already selling Huddly solutions across Europe, North
America and APAC, and our joint sales enablement with them is gaining pace. The
rollout has taken longer than we planned, but it does not change the size of the
opportunity," said Rósa Stensen, CEO of Huddly.
Rollouts of joint product offerings with Strategic Partners have started. Huddly
now supports partners at key events for large customers, distributors and
resellers, and participates in joint sales training programs to enable partners'
sales organizations to reach the required volumes.
In light of the revenue development in Q3 2026, the 2026 revenue target is
lowered to NOK 200-240 million, reflecting the timing of the rollout.
The Q3 2026 presentation will be held on Zoom by CEO Rósa Stensen and CFO
Abhijit Banik on 5 November 2026 at 08:00 CET. A Q&A will follow directly after
the presentation. Questions may be submitted to ir@huddly.com or live during the
session. Register via the following link:
https://huddly.zoom.us/webinar/register/WN_fH1pvPejTNWZg501-_rtug#/registration
A recording of the presentation and Q&A session will be published on the
company's website.
For more information, please contact:
Abhijit Banik, CFO
Mobile: +47 408 30 964
E-mail: abi.banik@huddly.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation ("MAR") and is subject to the disclosure requirements
pursuant to MAR article 17, Euronext Growth Oslo Rule Book - Part II, section
3.9 and section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Abhijit Saha Banik, CFO of the Company,
on 5 November 2026, at 07:00 CEST. This announcement may include projections and
other "forward-looking" statements within the meaning of applicable securities
laws. Any such projections or statements reflect the current views of the
Company about further events and financial performance. No assurances can be
given that such events or performance will occur as projected and actual results
may differ materially from these projections. The Company undertakes no
obligation to publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date of this announcement.
About Huddly AS
Disruptive innovation is our heartbeat at Huddly. We're committed to pushing
technology and challenging the status quo in to empower human collaboration.
Combining our industry-leading expertise in artificial intelligence, software,
hardware, and UX, we craft intelligent camera systems that enable inclusive and
productive teamwork. Huddly cameras are designed to provide high-quality,
AI-powered video meetings on major platforms, including Microsoft Teams, Zoom,
and Google Meet. With upgradable software, durable hardware, and engaging user
experiences, they are the ideal choice for organizations seeking a future-proof,
scalable, and sustainable solution. Founded in 2013, Huddly is headquartered in
Oslo, Norway, with presence in the US and EMEA and distribution globally.
uddly is headquartered in\
Oslo\, Norway\, with presence in the US and EMEA and distribution globally.\