Canada · Delayed Price · Currency is CAD East Side Games Group Earnings Call Transcripts
Fiscal Year 2025
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2025 saw a strategic pivot from aggressive growth to profitability amid market headwinds, with revenue down 7% and Adjusted EBITDA down 92% year-over-year. Efficiency measures, off-platform payments, and tighter capital allocation are expected to drive margin and EBITDA recovery in 2026.
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Q3 2025 featured strong new game launches, with match titles now 22% of revenue and DAU up 12%. Heavy marketing spend led to negative EBITDA, but management expects positive returns and EBITDA by mid-2026 as user retention and monetization improve.
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Q2 2025 saw $19.2M in revenue, strong core portfolio cash flow, and the successful launch of RuPaul's Match Queen, which quickly became the top match-three title. Squishmallows Match showed promising soft launch metrics, with a global release set for September.
Fiscal Year 2024
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Reported $83M revenue and $11.6M adjusted EBITDA for 2024, with strong cash growth and a 14% margin. Diversified revenue streams, launched new features, and set up major game launches for 2025, including RuPaul's Drag Race: Match Queen, which is showing top early metrics.
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Q3 saw revenue and profit growth, driven by the Power Rangers: Mighty Force launch and increased season pass sales. Cash reserves and share buybacks strengthened the balance sheet, while new features and Epic Games Store partnerships are set to boost future growth.
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Q2 2024 delivered stable revenue of CAD 20.5 million and adjusted EBITDA of CAD 2.5 million, with strong growth in key titles and increased user acquisition spend. Cash reserves rose 171% year-over-year, and new launches like Power Rangers and upcoming RuPaul's Drag Race match-3 game are set to drive future growth.