G5 Entertainment AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 01:00 am EST
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G5 Entertainment AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 326.64 million compared to SEK 359.91 million a year ago. Net income was SEK 30.78 million compared to net loss of SEK 26.09 million a year ago. Basic earnings per share from continuing operations was SEK 3.83 compared to basic loss per share from continuing operations of SEK 3.11 a year ago. Diluted earnings per share from continuing operations was SEK 3.83 compared to diluted loss per share from continuing operations of SEK 3.11 a year ago.
For the nine months, sales was SEK 1,003.25 million compared to SEK 1,036.47 million a year ago. Net income was SEK 118.65 million compared to SEK 21.19 million a year ago. Basic earnings per share from continuing operations was SEK 14.66 compared to SEK 2.52 a year ago. Diluted earnings per share from continuing operations was SEK 14.66 compared to SEK 2.52 a year ago.
G5 Entertainment publ AB is a Sweden-based developer and publisher of downloadable casual and free-to-play games for smartphones and tablets. The Company offers a range of game genres, such as Adventure & Hidden object and Strategy & Time management. Its product portfolio comprises two types of games: Free-to-play, providing The Secret Society, Virtual City, and Doomsday Preppers, among others, that are games based on a pay as you go model; and Unlockable, which supplies a try before you buy game model, included in Special Enquiry Detail, Supermarket Mania, as well as Stand OâFood. The Companyâs games are available on Appleâs iPhone and iPad, Mac, devices powered by Google Android and Windows 8, tablets and e-readers, such as Kindle Fire from Amazon. Furthermore, the Company is a parent of G5 Holdings Limited, G5 Holding RUS LLC, G5 Entertainment Inc and G5 Holding UKR LLC.