Interim Report January – June 2022
“The second quarter remained busy as the company and its employees continued to adapt to the war in Ukraine and the difficult global economic environment. We have made great progress in the relocation of employees and the pace of relocation has increased month by month in the second quarter,” said Vlad Suglobov, CEO of G5 Entertainment. “As we flagged previously, we boosted our investment in user acquisition (UA) to stimulate faster revenue growth of Sherlock. The company’s UA expenses as a percent of revenue rose to 35 percent as we targeted growth in Sherlock's audience. The boost for