G5 Entertainment AB (publ) (G5EN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

The Q22026 earnings call. We wait a few seconds for the attendee list to load properly. In the meantime, I just want to remind you that you're in listener view only during the presentation. And then afterwards, we'll open up for a Q&A session. where you can raise your hand and we will allow you to ask your questions verbally. You can also type questions in the Q&A box during the call or after, and we'll answer them when we get to the Q&A part. With that said, I will hand over to our CEO, Vlad Suglubov. Thank you, Stefan. Welcome everyone to the earnings call for the second quarter. We obviously have Stefan Bikstrand our CFO with us today and as usual we'll go through the presentation in about 15 minutes and then we'll open the line for the questions and I'll start by giving you a brief overview of this morning's report. And first, I'll tell you about the current optimization of the workforce. As we disclosed in the first quarter report, the plan was to reduce our staff by approximately 180 employees with the aim to have a total of around 635 employees. And this first wave of redundancies was completed during the second quarter. And since then, we have continued to review the workforce and the active projects, and we have identified further redundancies. So the second wave of optimizations took the total number of employees down to now approximately 550, and it was completed in early August. So this is the number of employees as of today. and the total yearly savings from both these waves of redundancies combined is approximately 11 million USD. So let's continue with the numbers from the report. Revenue was 20.1 million USD and this was a decrease of 16% year-over-year and 7% sequentially. We unfortunately continue to see a sequential decline across all three main pi...