Safe Lane Gaming (SLG) Q1 2025 earnings summary

Executive summary

• Q1 2025 net revenue declined 24% year-over-year to 5.3 MSEK due to lower income from existing games and no new launches.

• EBITDA dropped 84% to 0.2 MSEK compared to Q1 2024, reflecting reduced sales.

• The attempted sale of Raketspel was canceled post-quarter due to buyer financing issues, impacting strategic plans.

• New game "Tower Control Manager" launched in soft launch with Voodoo, contributing to increased active users.

Financial highlights

• Net revenue: 5.3 MSEK (Q1 2025) vs. 7.0 MSEK (Q1 2024); EBITDA: 0.2 MSEK vs. 1.1 MSEK.

• Net loss after financial items: -13.9 MSEK (Q1 2025) vs. -12.0 MSEK (Q1 2024).

• EPS: -1.67 SEK (Q1 2025) vs. -1.44 SEK (Q1 2024).

• Goodwill amortization: -10.8 MSEK in Q1 2025.

• Cash at period end: 1.6 MSEK; equity: 8.0 MSEK.

Outlook and guidance

• Management expects continued market volatility for the rest of 2025 due to global economic uncertainty and ad market instability.

• Signs of market recovery observed post-quarter, but cautious optimism remains.

• Focus remains on strengthening the balance sheet and preparing for future expansion.