Remedy Entmt Oyj (RMDEF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.877 Hello, everyone, and thank you for joining this Remedy Entertainment webcast. 00:00:04.877 -- 00:00:09.183 My name is Sanna Kantelinen. I'm from the Remedy Communications team. 00:00:09.183 -- 00:00:14.988 Today, we will go through Remedy's business review for January, March 2025. 00:00:15.791 -- 00:00:21.919 With me here, I have Remedy CEO Tero Virtala and CFO Santtu Kallionpää. 00:00:21.919 -- 00:00:27.466 Tero and Santtu will present the Q1 business review, financial results and outlook, 00:00:27.466 -- 00:00:31.348 and then we will have a Q&A after the presentation. 00:00:31.773 -- 00:00:33.976 Pero, the floor is yours. 00:00:33.976 -- 00:00:38.963 Thank you. Welcome everyone, also on my behalf. 00:00:38.963 -- 00:00:42.428 So let's have a look at our first quarter highlights. 00:00:42.428 -- 00:00:47.996 Our revenue, 13.4 million euro, which increased by 24% from 00:00:47.996 -- 00:00:53.024 a year ago. The quarter overall was profitable, EBIT being 1.3 00:00:53.024 -- 00:00:58.157 million euro, EBITDA 2.6 million euro. Gas flow from 00:00:58.157 -- 00:01:03.325 operations was 6.6 million euro negative. Santtu will soon talk 00:01:03.325 -- 00:01:08.472 a bit more on that, but that was mainly due to payment timings. 00:01:08.472 -- 00:01:13.780 Then during the first quarter, the acquisition of the publishing rights to control franchise 00:01:13.780 -- 00:01:20.106 was finalized. And with that, we got back all the remaining control rights. 00:01:20.153 -- 00:01:25.180 In practice, this means that practicalities like access to different game stores 00:01:25.180 -- 00:01:30.287 where control is, were transferred to us. Due to this ongoing transfer in the 00:01:30.287 -- 00:01:35.113 first quarter, we couldn't do all the sales act...