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East Side Games Group Reports 2024 Financial Results
East Side Games Group Reports 2024 Financial Results Canada NewsWire Revenu...
About this update from East Side Games Group Inc
[{"type":"text","content":"\n\n\n\n East Side Games Group Reports 2024 Financial Results\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Revenue of\n \n $20.5M\n \n in Q4 2024 and\n \n $83M\n \n for the full year\n \n\n\n\n A-EBITDA of\n \n $2.5M\n \n in Q4 2024 and\n \n $11.6M\n \n for the full year\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 24, 2025\n \n\n /CNW/ -\n \n\n East Side Games Group\n \n\n (TSX: EAGR) (OTC: EAGRF) (\"\n \n ESGG\n \n \" or the \"\n \n Company\n \n \"), today reported its financial results for the fourth quarter and year ended\n \n December 31, 2024\n \n , marking another successful period with robust operational performance and continued investment in its portfolio. The Company closed out the quarter with\n \n $2.5 million\n \n in adjusted EBITDA, representing a 12% margin, ending the year with\n \n $11.6M\n \n in adjusted EBITDA, at a 14% margin. The Company has reached its stated goal of building up cash in the past 6 quarters and is executing its strategy to pivot into growth for 2025. This focus is further underlined by an 11% increase in ARPDAUs from where we ended in 2023 at\n \n $1.01\n \n . The Company continues to acquire players that are profitable within aggressive payback windows on its marketing spend.\n \n\n\n\n\n\n\n\n\n ESG will release its fourth-quarter 2024 financial results, business outlook, and an earnings call video on its investor relations website\n \n\n https://eastsidegamesgroup.com/investors/financial-information\n \n\n on\n \n Monday, March 24th, 2025\n \n , at approximately\n \n 2:00 p.m. Pacific Time\n \n .\n \n\n \"We've doubled down on our fundamentals this year, ensuring we operate with efficiency and sustainable growth in mind,\" said\n \n Jason Bailey\n \n , Chief Executive Officer. \"Looking ahead to 2025, we're confident in the new games that we are launching and the growth they will bring. Our existing library, together with these new titles, clearly reflects our ability to leverage strategic partnerships to drive expansion and stand out in the mobile marketplace.\"\n \n\n The compa...