Huddly AS - Q3 2026: Revenue of NOK 42 million, partners now expanding into new regions
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.