G5 Entertainment Q2: Below expectations, additional cost savings - SEB
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G5 Entertainment Q2: Below expectations, additional cost savings - SEB

Q2 revenue came in below expectations, as main titles had a weaker quarter. The decision has been made to place the Jewels family of games into harvest mode, prioritising profits over revenue. The initial restructuring has been expanded, taking the total savings from USD 6.2 to c. USD 11m once complete. As such, preliminary negative top-line extrapolations should be offset by cost. Main positive in the report is development on third-party games, growing 100% q/q.

Q2 revenue came in below expectations, as main titles had a weaker quarter. The decision has been made to place the Jewels family of games into harvest mode, prioritising profits over revenue. The initial restructuring has been expanded, taking the total savings from USD 6.2 to c. USD 11m once complete. As such, preliminary negative top-line extrapolations should be offset by cost. Main positive in the report is development on third-party games, growing 100% q/q.
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