G5 Entertainment AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 01:00 am EST
Share
G5 Entertainment AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 359.91 million compared to SEK 327.56 million a year ago. Net loss was SEK 26.09 million compared to net income of SEK 49.98 million a year ago. Basic loss per share from continuing operations was SEK 3.11 compared to basic earnings per share from continuing operations of SEK 5.82 a year ago. Diluted loss per share from continuing operations was SEK 3.11 compared to diluted earnings per share from continuing operations of SEK 5.82 a year ago.
For the nine months, sales was SEK 1,036.47 million compared to SEK 991.13 million a year ago. Net income was SEK 21.19 million compared to SEK 143.96 million a year ago. Basic earnings per share from continuing operations was SEK 2.52 compared to SEK 16.76 a year ago. Diluted earnings per share from continuing operations was SEK 2.52 compared to SEK 16.76 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.
G5 ENTERTAINMENT AB 
