Digital Bros (DIB) Q3 25/26 earnings summary

Executive summary

• Net revenue for the nine months ended March 31, 2026, rose 34.4% year-over-year to €89.3 million, driven by strong new releases and a strategic focus on proprietary IP, especially in Premium Games.

• Premium Games accounted for 91% of total revenue, with notable contributions from Assetto Corsa franchise and Wuchang: Fallen Feathers.

• EBITDA more than doubled to €43.8 million, while EBIT improved to €8.2 million despite a €10.74 million non-cash impairment from discontinuing Directorate: Novitiate.

• Net loss widened to €2.54 million, impacted by higher financial expenses and impairments.

Financial highlights

• EBITDA more than doubled to €43.76 million (49% margin), up from €20.59 million (31%) year-over-year.

• EBIT improved to €8.20 million from €2.32 million, despite the impairment charge.

• Net financial position was positive at €4.23 million, improving by €20.79 million from June 30, 2025.

• Basic loss per share was €0.18, compared to €0.16 in the prior year.

• Gross profit increased 55.6% to €68.3 million, with gross margin improving to 76.4% from 66.1% year-over-year.

Outlook and guidance

• Revenue growth is expected to continue, led by Premium Games, with a positive EBIT forecast for the fiscal year.

• Free to Play segment is expected to contract, but cost efficiencies from internalized live support and reduced minimum guaranteed royalties are anticipated.

• The group expects to end the fiscal year with net financial debt, but at a much lower level than June 2025.