G5 Entertainment AB (publ) (G5EN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

for the attendee list to fill up. You will see on the screen here that you will be in listening view mode only for the start of the call and the presentation. After we finish up the presentation, we're going to a Q&A session. where you can either raise your hand and ask your questions or you can also type them into the Q&A box that is available in Zoom. As you open up that, you can type in your questions and we'll answer those as we get to them. All right. It seems like everyone has come on the call. So welcome, everyone, to our second quarter results. My name is Stefan Wikstant. I'm the CFO of G5 Entertainment. With me, I have Vlad Suglibo, our CEO as well. Unfortunately, Vlad is traveling today, so he has a bit of a poor connection. So I will walk through the presentation. and go through that part, and he will be available for the Q&A that we'll get to afterwards. We expect the presentation to take roughly 10 to 15 minutes before we get into the Q&A. So we'll start with some of the highlights from this report. And we are rather happy with the sequential dynamic. In USD, revenue declined by only 1.7%. in what normally is a seasonally slower quarter, Q2. If we look at the USD performance, which is more relevant to us, we are primarily a USD business. We saw a decline of 11% in USD terms year over year, much better than the corresponding figure in the first quarter. If we compare it to the Q1 USD dynamic, this is quite important. And if we look at the portfolio in more detail, our actively managed portfolio of games only shrank 0.2% sequentially in USD terms. And Sherlock revenue was actually up 2.4% from Q1 to Q2. This performance was driven by the improvements that were made in the game and the increased UA spending that we did in the quarter. The Jules family of ga...