G5 Entertainment AB (publ) (G5EN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Morning, everyone, and welcome to the Q1 26 earnings call for G5. Whilst we're waiting for people to log in, I just remind everyone that you will be in listen and view only mode during the presentation. And then... After the presentation, you can ask questions by raising your hand and we can allow you to speak and ask your questions verbally. You can also during the presentation post questions in the Q&A box and we will answer those in the Q&A section in the end as well. Yeah, with that said, I will hand over to Vlad Suglov, our CEO. Good morning, everyone. Welcome to our quarterly call. And let's start with addressing the change that you have seen in the report and that we informed you about in the previous quarterly report. We have from the first quarter started to report in USD currency. Previously, we reported in Swedish Krona, obviously. As you know, we are primarily a USD operation with more than 60% of our revenue coming from the US and the majority of the costs are being eliminated in the US as well. We believe that this change will provide a better understanding of our performance over time and will allow us to comment on the underlying performance of the business without using a large number of comparison numbers in different currencies. We understand that this might take some effort to get used to for some investors, but on the other hand, this better represents the business and arguably also makes it easier to understand for a wider audience of investors worldwide. And the second thing that I'd like to address before we dive into the numbers is the press release that we issued this morning. As outlined in that press release, we have stated that what we call a right sizing is going to happen, a program to reduce the staff to approximately 635 employees, mo...