Nasdaq StockholmIFRS · SEK

Mavshack

Mavshack AB is a Swedish digital media and technology group built around streaming, live shopping, and related content distribution services. Its operations span consumer streaming platforms, broadcaster and telecom partnerships, and digital commerce activities through subsidiaries in Sweden, India, and other international markets.

Revenue3.4m SEK
+187.7 %y/y

Fiscal year 2025 · change from previous year

Development 2024–2025

01234m SEK2024: 1.2 m SEK20242025: 3.4 m SEK2025TTM 2026: 2.8 m SEKTTM2.8
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Streaming subscriptions45 %

Consumer streaming access to films, TV series, sports, and related video content.

Live shopping and digital commerce20 %

Interactive commerce and live shopping platforms used for digital selling experiences.

Content and channel distribution20 %

Distribution of licensed content and channel partnerships across target markets.

Technology and platform services15 %

Digital platform development, product design, and supporting IT services.

Customers

Mavshack sells primarily to consumers who pay for streaming access or use mobile-operator-billed subscriptions, especially in the Middle East and Nordic markets. It also serves business customers and partners such as telecom operators, broadcasters, and content owners that need distribution, platform access, or localized digital commerce solutions. In India, its live shopping and technology activities target e-commerce and platform use cases rather than pure consumer entertainment.

Middle East streaming consumers

Buy daily or monthly access to mavshack.com content, often via mobile operator billing, because it is convenient and localized.

Telecom partners

Provide billing, distribution, and customer access for streaming and OFW-oriented offerings.

Broadcasters and media partners

Use Mavshack for content distribution, local market access, and partnership-based programming.

Indian digital commerce users

Use live shopping and platform services tied to IPMovers and related digital commerce initiatives.

Content licensors and production partners

Supply films, series, sports, and localized content that Mavshack packages for distribution.

Strategy

Mavshack is focused on building around streaming, content distribution, and telecom/broadcaster partnerships rather than maintaining a broad legacy IT mix. Its strategy emphasizes localized content, live shopping, and market-specific launches in Southeast Asia and the Middle East, supported by partnerships and capital flexibility. The company is also using its subsidiary structure to separate content production, platform development, and commerce initiatives.

Scale Southeast Asia content and streaming initiativesShort term

The region is positioned as the main growth engine for new content and platform launches.

Relaunch the Middle East OFW offeringShort term

The company already has telecom relationships and a known consumer use case in the region.

Build recurring revenue from content and platform servicesMedium term

Recurring subscriptions and partner-led distribution are more scalable than one-off projects.

Develop digital commerce and AI-enabled productsMedium term

These capabilities broaden the platform beyond pure streaming and support new monetization paths.

Geography

Mavshack’s business is centered on the Middle East, the Nordics, India, and Southeast Asia, with the Philippines highlighted as a growth market. The company’s operating footprint is international and partnership-driven, with content, technology, and distribution activities spanning Sweden, India, and local market partners abroad. Geography matters because billing models, content localization, and telecom relationships differ materially by market.

Risks

Mavshack depends on localized consumer adoption, telecom billing partners, and content availability, so execution risk is high when launching in new markets. The business also faces typical media-platform risks such as licensing dependence, audience churn, and competition for attention, while its small scale makes it sensitive to revenue volatility and financing needs. Accounting risk is elevated by intangible assets, capitalized development costs, and goodwill that must be supported by future cash generation.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Impairment risk on intangibles1Telecom partner dependence2Content licensing and localization risk3Market execution risk in Southeast Asia4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Impairment risk on intangiblesImpact: HighLikelihood: High

    Capitalized development costs, goodwill, and other intangibles depend on future cash flows.

    Exposure: Development assets and acquired subsidiaries

  2. Telecom partner dependenceImpact: HighLikelihood: Medium

    A large part of consumer access and billing flows through mobile operators and other partners.

    Exposure: Middle East streaming subscriptions

  3. Content licensing and localization riskImpact: HighLikelihood: Medium

    The model depends on acquiring attractive content and adapting it to local audiences.

    ExposureFilmsTV seriesSportsDubbed content
  4. Market execution risk in Southeast AsiaImpact: MediumLikelihood: Medium

    Expansion requires local partnerships, audience traction, and monetization discipline.

    Exposure: Philippines and broader Southeast Asia

Accounting

Judgemental items
Capitalized development costs

Platform and product development may be capitalized, affecting EBITDA and future amortization.

Impact: Reported assets and operating profit

Goodwill impairment

Acquired businesses and subsidiaries must continue to support their carrying values.

Impact: Equity and earnings

Useful life assumptions

Intangible assets are amortized over estimated lives, which affects expense timing.

Impact: Operating profit

Foreign currency translation

Operations in India and other markets create translation effects into SEK.

Impact: Equity and reported results

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Mavshack Revenue, Earnings & Financials 2025 – Clarifo