Key Highlights

● Berkshire Hathaway will buy 10 million new shares at $33 each, a $330 million placement.

● Second-quarter Revenue was $704.2 million, up 126%, but organic growth was only 3%.

● Adjusted Operating Income reached $381.1 million, a 54% Margin on a company-defined basis.

● Full-year 2026 guidance is revenue of $2.78 billion to $2.82 billion.

Latest development: Berkshire adds to its stake

Bending Spoons S.p.A. (NASDAQ:BSP), an Italian company listed on Nasdaq since its initial public offering on 1 July 2026, will issue 10 million ordinary shares to Berkshire Hathaway (NYSE:BRK.B) at $33 each through a private placement, according to reports on 14 October 2026. The further $330 million Investment takes Berkshire's total commitment to $930 million, after $600 million at the July IPO. Berkshire's stake is about 4%, which would make it the sixth-largest investor according to LSEG data.

The company said the funds would strengthen its financial flexibility and support its Acquisition strategy.

Background: the IPO and acquisitions

Bending Spoons listed on 1 July 2026, selling 58 million shares at $29 in an offering of about $1.7 billion, of which the company received about $1 billion.

Acquisitions are central to the model. In September it agreed to buy Miro in a cash deal worth about $1.36 billion, and a release on 25 September said it had syndicated upsized term Loan B add-ons. Chief executive Luca Ferrari said on 15 October that the company would buy any company it thinks it can make better.

Second-quarter results

In the second quarter, reported on 13 August, revenue was $704.2 million, up 126% from a year earlier, but organic growth was only 3%, which implies that most of the increase came from acquisitions. Subscription revenue was $540.8 million, about 77% of the total. Net Income was $177.0 million, up 171%, or $0.28 per diluted share.

Adjusted Operating Income, a company-defined measure, was $381.1 million, up 150%, a 54% margin. For the third quarter the company is guiding to revenue of $733 million to $745 million and Adjusted Operating Income of $380 million to $400 million, and the revenue midpoint of $739 million is about 5% above the second quarter. For 2026 the outlook is revenue of $2.78 billion to $2.82 billion and Adjusted Operating Income of $1.46 billion to $1.51 billion.

Organic growth behind the acquisitions

The central question is how much growth the group can produce without acquisitions. The Miro integration, further use of Debt and the completion of the Berkshire Placement will all shape the answer.

Against 126% reported growth, the 3% organic figure is the number that frames every acquisition the company announces next.