East Side Games Group Inc. (EAGR) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.775 Hello and welcome to the Eastside Games Group Q2 2025 earnings call. 00:00:04.775 -- 00:00:09.780 Today we will be going over the performance of our core portfolio for Q2 of 2025, the 00:00:09.780 -- 00:00:14.785 launch of RuPaul Match Queen, as well as some exciting things coming up in our Q3 of 00:00:14.785 -- 00:00:20.090 2025 launches. I'd like to remind everyone that some of the statements made are forward-looking 00:00:20.090 -- 00:00:24.033 under the applicable securities laws. The details and disclaimer for which can be found 00:00:24.033 -- 00:00:27.114 at our website at www.eastsidegamesgroup.com. 00:00:28.217 -- 00:00:33.391 Thank you. Hi everyone, I'm Jason Chad, interim CFO of eSide Games, and here's our results 00:00:33.391 -- 00:00:39.374 for Q2. We ended the quarter with a top line revenue of $19.2 million, 6% 00:00:39.374 -- 00:00:41.476 down from Q2 2024, 00:00:41.476 -- 00:00:46.622 but a 4% increase from Q1. The core portfolio remains consistent and strong, 00:00:46.622 -- 00:00:50.206 contributing positive cash flows that continue to fund our investments in our new growth 00:00:50.206 -- 00:00:55.111 games. We achieved an adjusted EBITDA of $1.6 million, a margin of 8%. 00:00:55.111 -- 00:00:59.316 This is a result of our increased marketing spend budget on our new game launch, RuPaul 00:00:59.316 -- 00:01:03.984 Match. as well as a ramp up of our titles in the latter half of the quarter to take advantage 00:01:03.984 -- 00:01:08.412 of favorable payback windows, whose results we expect to see in Q3. 00:01:08.412 -- 00:01:12.860 On the balance sheet side, we ended the quarter with $4.1 million in cash with zero debt, 00:01:12.860 -- 00:01:17.268 down $1.3 million from Q1. The company also received a subsequent ...