G5 Entertainment AB (OSTO:G5EN)
kr 117.8 1.8 (1.55%) Market Cap: 918.72 Mil Enterprise Value: 673.17 Mil PE Ratio: 9.69 PB Ratio: 1.78 GF Score: 83/100
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Q3 2024 G5 Entertainment AB (publ) Earnings Call Transcript

Nov 06, 2024 / 07:00AM GMT
Release Date Price: kr99.9 (+8.47%)

Key Points

Positve
  • G5 Store continues to show strong growth, now making up 17.1% of total net revenue, up from 12.1% a year ago.
  • Gross margin reached an all-time high of 68.8%, driven by the growth of G5 Store and lower processing fees.
  • The company maintains a strong cash position with a record high of SEK246 million and zero debt.
  • Monthly average gross revenue per paying user increased to USD64.9 from USD63.2 a year ago.
  • The company has a robust pipeline with 30 game ideas in preproduction and early development stages.
Negative
  • Revenue decreased by 17% in Swedish Krona and 14% in USD terms compared to last year.
  • Active games revenue fell by about 14% in USD terms.
  • Earnings per share dropped to SEK3.14 from SEK3.83 last year.
  • The company stopped the development of one game during the quarter.
  • The overall audience has been declining, impacting the company's revenue.
Stefan Wikstrand;publ;Deputy Chief Executive Officer
G5 Entertainment AB;Chief Financial Officer

()- -

Hi, it seems to have stabilized. Well, then, welcome everyone. As usual, you will be in listen-only mode in the beginning, during the presentation. And then when we get to the Q&A, you can either raise your hand and ask a question verbally or you can post a question in the Q&A box and we'll read them up and answer them accordingly. With that, I will hand over to Vlad Suglobov.

Vlad Suglobov;publ;Chief Executive Officer
G5 Entertainment AB;Co-Founder, Director

()- -

Thank you, Stefan. Very good morning, everyone, and welcome to G5's Q3 Call. We will take about 10-15 minutes to run through the presentation of the results and then we'll open the line for questions, and you can type your questions into the Q&A box if you can find one.

So I'll start a brief overview of this morning's report. Revenue was SEK270 million, which was 17% lower than last year in

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