Year-end Report 2022
“The fourth quarter is the starting point for a ‘new normal’ and even though the relocation efforts are ongoing we are beginning to see a representative quarter of the sustainable situation we expect for 2023 with regards to cost structure, level of UA spend, and profitability,” said Vlad Suglobov, CEO of G5 Entertainment. “Year-over-year, fourth quarter revenue grew 12% in SEK and declined 7% in USD, in line with the overall market performance. Sequentially, revenue grew 1% in SEK from the third quarter. G5’s gross margin was a strong 67.1%, slightly lower than the record in the previous