Gaming Corps (GCOR) Q3 2025 earnings summary

Executive summary

• Net sales grew by 29% and total revenue increased by 44% year-over-year for Q3 2025, with both metrics also rising sequentially from the previous quarter.

• Focus remains on scaling operations, aligning commercial strategies, and expanding into new markets such as Ontario and the UK.

• Recruitment intensified to support higher game quality and release frequency, resulting in increased expenses.

Financial highlights

• Q3 2025 total revenue was SEK 14.1 million, up from SEK 9.8 million in Q3 2024.

• Net sales reached SEK 12.7 million, compared to SEK 9.8 million in the same quarter last year.

• EBITDA was negative SEK 7.6 million, compared to negative SEK 2.3 million year-over-year.

• Net loss widened to SEK 9.1 million from SEK 3.8 million in Q3 2024.

• Six new game releases in Q3 2025, up from two in Q3 2024.

Outlook and guidance

• Target of reaching profitability during 2025 remains in place, with final outcome to be reported next quarter.

• Expectation to achieve two game releases per month for DEGEN Studios by early 2026.

• Anticipation of increased game releases and intense activity in the upcoming winter period.