Gold Town Games (GTG) Q3 2025 earnings summary

Executive summary

• Focused on strengthening long-term growth through product optimization and cost control, resulting in improved operating results year-over-year.

• Pocket Hockey, the main revenue driver, saw strong user engagement and is being optimized for retention and monetization.

• Collaboration with SHL deepened, providing national exposure and brand strengthening.

• Other products maintained stable operations and cash flow, with ongoing development and live events.

• Entered a partnership with RISE to explore serious games, aiming to diversify revenue streams.

Financial highlights

• Net revenue for Q3 2025 was 2.77 MSEK, down 0.9% year-over-year.

• Operating income improved to 0.02 MSEK from -0.78 MSEK year-over-year, a 103% increase.

• Result after financial items was -0.01 MSEK, up from -0.94 MSEK year-over-year.

• Cash flow from operations was -0.09 MSEK (0.1 MSEK last year); liquid assets at period end were 1.6 MSEK (0.64 MSEK last year).

• Equity at period end was 21.1 MSEK (11.7 MSEK last year); equity ratio 85.8% (51%).

Outlook and guidance

• Anticipates strong engagement during the ongoing hockey season, with focus on improving retention and conversion metrics in Pocket Hockey.

• Sees growth potential in Pocket Hockey and other titles, with increased marketing planned for Baseball Franchise Manager.

• Strategy aims to deliver on targets and become a global leader in mobile sports management games.