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Qiiwi Games (QIIWI) investor relations material
Qiiwi Games Investor update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Financial performance and operational highlights
Achieved SEK 3.6m in Q4 2025 revenue, with best EBITDA of the year at SEK -0.6m.
Ended Q4 2025 with SEK 13.2m in cash, maintaining a stable live operations base.
Full cost-saving measures to be realized from Q1 2026, positioning for near break-even.
Strategic focus and growth drivers
Emphasizes board game principles and hybrid-casual loops for engaging mobile experiences.
Targets 35+ board game enthusiasts in North America and Europe.
Focuses on building scalable, proprietary IP mobile games for long-term value.
Product and market performance
Backpacker® Go! posted 25% sequential and 95% YoY revenue growth in Q4 2025.
Conversion rate for Backpacker® Go! increased to 1.50%, up 87% YoY.
- Sequential revenue growth and cost savings drive improved EBITDA as break-even nears.QIIWI
Q4 202523 Feb 2026 - Backpacker® Go! drove sequential revenue growth and record conversion rates, offsetting declines.QIIWI
Q3 202519 Nov 2025 - Revenue fell but EBITDA and ARPDAU improved as cost cuts and AI integration target profitability.QIIWI
Q2 202521 Aug 2025 - Qiiwi Games saw sharply lower revenue but improved margins, with Backpacker® Go! set for global launch.QIIWI
Q3 202413 Jun 2025 - Qiiwi Games grew Q2 revenue 8% year-over-year and improved operating losses.QIIWI
Q2 202413 Jun 2025 - Losses narrowed and ARPDAU hit a record as revenue rose sequentially but scaling hurdles remain.QIIWI
Q1 20256 Jun 2025 - Positive EBITDA and net profit in Q4 2024, led by Backpacker® Go! and cost optimization.QIIWI
Q4 20245 Jun 2025
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