5th Planet Games (5PG) Q4 2024 earnings summary

Executive summary

• Achieved profitability for 2024, with revenue rising to DKK 12.5m from DKK 10.5m in 2023, and EBITDA up to DKK 2.5m from DKK 0.7m year-over-year.

• Expanded into console and physical distribution, launching key titles and new partnerships.

• Made significant investments in new games based on Invincible and The Walking Dead IPs, supporting future growth.

• Maintained a lean organization, completed an internal group merger to simplify structure.

• Navigated a challenging global games market, outperforming sector growth rates.

Financial highlights

• Revenue increased 19% year-over-year to DKK 12.6m; gross margin at 77.1%.

• EBITDA rose to DKK 2.5m from DKK 0.7m in 2023; EBIT was DKK -6.9m due to higher amortization and impairment.

• Net loss for the year was DKK -4.9m, compared to a net profit of DKK 24.5m in 2023 (2023 included a one-time derivative gain).

• Cash position decreased to DKK 9.7m from DKK 49.3m, reflecting major investments.

• Equity at year-end was DKK 80.7m, with an equity ratio of 98%.

Outlook and guidance

• Forecasts c.70% revenue growth in 2025, with EBITDA guidance of DKK 0.5m–2m.

• Expects further significant growth in 2026 as new IP-based games launch.

• Plans to expand physical distribution and explore new catalogue opportunities.

• Ongoing strategic partnership with Skybound remains central to business development.