Enad Global 7 AB (publ) (EG7) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.637 Welcome everyone to EG7's third quarter earnings release. 00:00:04.637 -- 00:00:10.185 My name is Fredrik Rudén. I'm deputy CEO and CFO and with me 00:00:10.185 -- 00:00:15.252 in this call I have my colleague and the company CEO Yi Han. 00:00:15.252 -- 00:00:19.938 We will start with the presentation and then end with the Q&A session. 00:00:19.938 -- 00:00:22.262 I hand it over to you Yi. 00:00:22.262 -- 00:00:25.426 Thanks Fredrik. Thank you for all joining us. 00:00:25.426 -- 00:00:28.367 Let's go to the first slide. 00:00:29.005 -- 00:00:34.432 For Q3, net revenue came in at $355 million a sec, with adjusted EBITDA 00:00:34.432 -- 00:00:38.477 coming in at $63 million, representing 18% margin. 00:00:38.477 -- 00:00:41.781 Year-over-year net revenue declined by 24%. 00:00:41.781 -- 00:00:46.006 Without the adverse FX effect, year-over-year decline was lower at 16%. 00:00:46.006 -- 00:00:51.112 Currency movement has been exaggerating the decline throughout this year, unfortunately, 00:00:51.112 -- 00:00:56.379 because of the significant volatility with the exchange rate over the last 12 months. 00:00:56.379 -- 00:00:58.840 Next slide, please. 00:01:00.038 -- 00:01:03.884 Some notable business unit updates here, starting with BigBlueBubble. 00:01:03.884 -- 00:01:07.610 Results came in below expectations, a tough quarter for them. 00:01:07.610 -- 00:01:13.198 Net revenue declined by 27% in local currency and 34% in SEC. 00:01:13.198 -- 00:01:18.246 Reasons for the decline was primarily driven by anniversary content for this year performing 00:01:18.246 -- 00:01:23.834 worse than last year. Active player base declined with lower user engagement and acquisition 00:01:23.834 -- 00:01:27.680 for the quarter, with the anniversary conten...