EMB Mission Bound (EMB) Q1 2025 earnings summary

Executive summary

• Achieved record quarterly revenue in Q1 2025, up 135% year-over-year, driven by increased royalties and service fees from new operators and projects.

• EBITDA turned positive at SEK 5,323k versus a loss of SEK 448k in Q1 2024, reflecting improved scale and cost efficiency.

• Operating loss narrowed by 83% to SEK 787k, and net loss reduced by 87% to SEK 946k compared to Q1 2024.

• Major milestones included the launch of a next-gen Remote Gaming Server (RGS) platform and the acquisition of Confetti Group assets.

• Appointment of a new COO to accelerate the vision for connected entertainment and digital ecosystems.

Financial highlights

• Revenue: SEK 37,745k in Q1 2025, up from SEK 16,073k in Q1 2024 (+135%).

• EBITDA: SEK 5,323k (Q1 2025) vs. SEK -448k (Q1 2024), a 1288% improvement.

• Operating loss: SEK -787k (Q1 2025) vs. SEK -4,762k (Q1 2024), an 83% reduction.

• Net loss: SEK -946k (Q1 2025) vs. SEK -7,425k (Q1 2024), an 87% reduction.

• Cash flow from operations: SEK 7,264k inflow (Q1 2025) vs. SEK -2,677k outflow (Q1 2024).

Outlook and guidance

• Management remains focused on executing its transformation strategy, enhancing shareholder value, and delivering seamless digital experiences.

• Integration of Confetti Group and new RGS platform expected to strengthen the gaming ecosystem and competitive position.