Sweden · Delayed Price · Currency is SEK Nitro Games Oyj Earnings Call Transcripts
Fiscal Year 2026
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First quarter saw sustained profitability, a strengthened cash position, and strategic investments in growth and passive revenue streams. Key developments included a EUR 1.6 million loan cancellation, new iGaming deals, and expanded original game initiatives.
Fiscal Year 2025
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Second-best year achieved with sustained profitability and a leaner cost base, supported by new contracts, iGaming revenue, and positive industry trends. Strategic focus remains on action/shooter games, Nitro Originals, and prudent cash management.
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Q3 saw lower revenues but improved profitability and cash flow neutrality, driven by a flexible cost structure and new partnerships. The portfolio was rebalanced with reduced investment in older titles and four new MVPs in development, while B2B services expanded and debt was minimized.
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H1 marked a transitional period with lower revenues but operational progress, improved cash position, and debt repayment. New partnerships, platform expansions, and a refreshed game portfolio set the stage for stronger results in H2.
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Q1 saw continued profitability and revenue despite a major project cancellation, with a strategic focus on expanding the game portfolio, entering new platforms, and maintaining financial stability. Flexible cost management and new launches like Pistolo support future growth.
Fiscal Year 2024
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Record 2023 results with revenue and EBITDA growth, first profitability in years, and continued expansion into web and PC platforms. Strong partnerships, improved financial health, and a scalable business model position the company for further growth in 2025.
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Profitable growth continues with a strong cash position and four consecutive profitable quarters. Focus remains on action/shooter games, expanding IPs, and deepening B2B partnerships, while maintaining cost control and adapting to a dynamic market.
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Record revenues and stable growth marked H1 2024, with a strong cash position and reduced debt. Focus remains on scalable game development, B2B partnerships, and controlled investments amid a recovering gaming market.