G5 Entertainment AB (publ) (G5EN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

in the Q&A box that you have in Zoom, or you can raise your hand and ask your questions verbally. If you type in your questions during the call, we'll see them when we get to the Q&A session. So please do ahead of us getting there if you want to ask a question. I think the attendee list is done and everyone's connected. So with that, I will then hand over to our CEO, Vlad Suglubov. Good morning, everyone, and welcome to our third quarter results call. And we obviously have also Stefan, our CFO with us today. And let's begin by giving you a brief overview of this morning's report. We are pleased with the quarter's overall performance. In USD, revenue increased 0.2% sequentially in comparison to Q2. It's been a while since it happened when we had sequential revenue growth. The change of the trend is attributed to product improvements that we made in Q1 and Q2 and the gradual expansion of user acquisition spend, which was made possible thanks to these improvements in our products, namely in Sherlock. And Sherlock was the highlight of the quarter, achieving 5.6% growth sequentially in USD terms. Year over year, over the last three quarters, it went from minus 7.3% in Q1 to minus 3.5% in Q2, and then to plus 7.9, almost 8% in Q3 in USD terms. So with the positive changes that we've made to the game in Q1 and Q2, we were able to increase profitable user acquisition spend and our new management and marketing helped bring energy to this process. And now the game seems to be on the trajectory for at least moderate growth. And the game accounts for about 29% of our net revenue. It's one of our three pillars of our revenue generation. So this is a welcome change that should help our top line dynamic. And if we look at the other two pillars of our portfolio and revenue generatio...