East Side Games Group Reports Q1 2025 Financial Results

About this update from East Side Games Group Inc

[{"type":"text","content":"\n\n\n\n East Side Games Group Reports Q1 2025 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 VANCOUVER, BC\n \n\n ,\n \n\n May 13, 2025\n \n\n /CNW/ -\n \n East Side Games Group\n \n (TSX: EAGR) (OTC: EAGRF) (\"\n \n ESGG\n \n \" or the \"\n \n Company\n \n \"), today announced its financial results and operating results for the first quarter ended\n \n March 31, 2025\n \n . These results highlight the Company's ability to maintain profitability and healthy margins even amid seasonal and broader economic fluctuations, while positioning itself and reinvesting for meaningful growth in 2025.\n \n\n\n\n\n\n\n\n\n\n First Quarter 2025 Financial highlights\n \n\n\n\n Revenue of\n \n $18.5 million\n \n\n\n Adjusted EBITDA of\n \n $2 million\n \n\n\n\n DAU\n \n (Daily Active Users): 209,000.\n \n\n ARPDAU (Average Revenue Per Daily Active User):\n \n $0.99\n \n\n\n Cash Balance of\n \n $5.4 million\n \n\n\n Share Buybacks: The company repurchased 169,700 shares in the quarter under the Normal Course Issuer Bid (\"NCIB\") for a total of\n \n $83,700\n \n .\n \n\n\n\n Management Commentary:\n \n\n\n \"Despite seasonal softness in Q1, our core live game portfolio continues to perform well and we are investing in new features designed to enhance engagement and monetization. These core titles continue to be a reliable source of revenue and positive cash flow. We are actively reinvesting this cash flow in the expansion as a company, developing the next crop of profitable games to add to the portfolio with launch dates planned in 2025. One such new title, RuPaul Match Queen is showing strong metrics in soft launch and we are excited about it's world wide launch for the second half of 2025. We're confident in our strategy to scale efficiently and return to growth with this and other new titles this year.\" said\n \n Jason Bailey\n \n , CEO.\n \n\n\n Corporate Highlights:\n \n\n\n ESGG's live game portfolio continues to perform well with new features designed to enhance engagement and monetization:\n \n\n\n\n Team-based competitive...

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