G5 Entertainment AB (LTS:0QUS)
kr 92.8 2.4 (2.65%) Market Cap: 719.85 Mil Enterprise Value: 523.57 Mil PE Ratio: 7.24 PB Ratio: 1.43 GF Score: 66/100

Q3 2019 G5 Entertainment AB (publ) Earnings Call Transcript

Nov 05, 2019 / 07:00AM GMT
Release Date Price: kr106.8 (-21.35%)
Vladislav Suglobov;publ;Co;Founder
G5 Entertainment AB;CEO & Director

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Hello, and good morning. Thank you for joining us today for the third quarter earnings call in G5 Entertainment. And let's have a look at the slide that talks about our revenue in the third quarter. As you can see, revenue went up sequentially about 1% compared to the second quarter of this year. It is still a decrease of 12% year-over-year. But the revenue from our older portfolio of games has stabilized during the third quarter and then Jewels of Rome was a good additional contribution to the top line in the third quarter. And so we have a resulting growth, although not very big. But the business -- the part of our business that is generated by own games increased to 40% of total revenue. And in terms of the absolute revenue from owned games we were very close to the all-time high, if not at the all-time high, depending on the currency in which you're looking. And Jewels of Rome that we have launched in June on iOS, I believe. And then in the third quarter, we released

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