Slide 1: Interim Report January – March 2025
Interim Report January – March 2025 30th April 2025 CEO, Martin Carlesund CFO, Joakim Andersson
Slide 2: Highlights in the quarter
Highlights in the quarter Financial • Net revenues increased by 3.9% to EUR 520.9 million (501.5) • Live growth +4.0% to EUR 448.7 million (431.3) • RNG growth +3.1% to EUR 72.3 million (70.1) • EBITDA decreased by 1.1% to EUR 342.0 million (345.8), corresponding to a margin of 65.6% (69.0) Operatio
Slide 3: Operational KPIs
Operational KPIs Headcount end of period Game Rounds index – all games 25 000 500 22 223 450 20 537 21 141 20 772 21 252 20 000 19 221 400 376 369 376 357 17 331 17 447 17 823 339 350 301 15 000 300 275 277 254 250 10 000 200 150 5 000 100 50 0 0 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 23Q1 23Q
Slide 4: Live game show and casino game logos
Slide 5: Revenue breakdown
Revenue breakdown Comments • Europe impacted by ring-fencing measures • Asia on stable levels • Good momentum in North America in partular in Live • New regulation in Brazil settling in 5
Slide 6: Financial development
Financial development 70,3% 70,7% 70,4% 70,9% 69,3% 69,0% 69,9% 69,0% 68,6% 68,0% 68,5% 68,1% 65,6% 533,8 508,4 519,4 520,9 501,5 EUR 475,3 million 441,1 452,6 429,6 407,5 378,5 355,6 363,6 344,0 337,0 345,8 345,8 342,0 326,8 318,6 300,2 311,7 279,5 261,0 229,7 238,2 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23
Slide 7: Profit & Loss details
Profit & Loss details Jan-Mar Jan-Mar Apr 2024- Jan-Dec Comments Group, EUR thousands 2025 2024 Mar 2025 2024 Revenues - Live 448,655 431,338 1,793,051 1,775,734 • Net revenues of EUR 520.9m corresponding to a Revenues - RNG 72,289 70,113 289,527 287,351 growth of 3.9% yoy Net revenues 520,944 501,4
Slide 8: Cash flow
Cash flow Operating cash flow Capital expenditure EUR m 100% 50 8% 350 90% 45 7% 300 80% 40 6% 250 70% 35 60% 30 5% 200 50% 25 4% 150 40% 20 3% 100 30% 15 2% 20% 10 50 10% 5 1% 0 0% 0 0% 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q
Slide 9: Financial Position
Financial Position Balance sheet summary (EUR m) 31/3/2025 31/12/2024 Comments Goodwill 2,366.2 2,276.5 • Strong financial position remains Other non-current assets 984.4 963.5 Financial assets measured at amortised cost 101.6 100.8 • Total of EUR 1.1bn of cash and financial investments Total non-cu
Slide 10: Outlook & Capital allocation
Outlook & Capital allocation Outlook • Margin estimate of 66-68% remains; full speed ahead • Product leap years continue; 110+ new games in 2025 • State-of-the art studios to be opened in Brazil and Philippines Capital allocation • Capex 2025 forecast: EUR 140m • Dividend policy: • Minimum 50% of ne
Slide 11: Q&A
Q&A