G5 Entertainment AB (publ) (G5EN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

while we wait for the attendee list to fill up and people connecting, I'll give you the basics of it. So we'll start out with the presentation from Vlad. Your mics will be disabled, so you can't speak during that period of time. And then we'll go into a Q&A session where you can either raise your hand and you can ask your questions verbally. Or you can also type the questions in the Q&A box and we'll answer those at the end of the call as well. And with that said, I think we can start. And I will hand over to our CEO, Vlad Suglovov. Hello, everyone. Thank you for joining our call today or this morning. I don't have a lot of voice today, so I apologize in advance if it's painful to listen, but I'll try to do my best. So we'll start with a brief overview of this morning's report. Revenue in the quarter was 200 million Swedish kronor, which was 12% lower than last year in Swedish kronor and 13% lower in USD terms. Year-over-year, our actively managed portfolio of games fell about 10% in USD terms, and sequentially it showed a slight decrease of 5% in USD terms. The Juggles family of games now makes up 31% of total net revenue. ShareLook is also showing strong performance and accounts for 27% of total net revenue. And together with Juggles family of games, it continues to be a core of our game portfolio. Monthly average gross revenue per paying user was a new record of 65.4 USD, which was up 3% compared to previous year. User acquisition in the quarter was 15% of revenue, down from 17% last year and slightly lower than our communicated long-term range. As I mentioned in the report, we intend to go back to our indicated range of 17% to 22% in the coming quarters. G5 Store continues to show strong growth and now makes up 21% of our revenue versus 13% a year ago. And thanks...