Interim Report January – September 2023
“During the third quarter, G5’s financial performance continued to generate significant cash flow from our stable portfolio of games while we prepared for the global launch of a new game before the end of the year. Financially, we delivered another strong quarter as the G5 Store continued to grow, helping boost our gross margin,” said Vlad Suglobov, CEO of G5 Entertainment. “Considering a tough market climate, third quarter revenue slipped 9% in SEK and decreased 11% in USD terms in absence of new game releases. EBIT increased to SEK 22.3 M (-22.8) as we maintained our commitment to keeping