GENTF - G5 Entertainment AB (publ) (GENTF) Q4 2023 Earnings Call Transcript
2024-02-08 07:40:21 ET
G5 Entertainment AB (publ) (GENTF)
Q4 2023 Earnings Conference Call
February 8, 2024 2:00 am ET
Company Participants
Vlad Suglobov - Co-Founder and CEO
Stefan Wikstrand - CFO
Conference Call Participants
Hjalmar Ahlberg - Kepler Capital
Simon Jonsson - ABG Sundal Collier
Rasmus Engberg - Handelsbanken
Henrik Jernbeck - SEB
Presentation
Stefan Wikstrand
So welcome to our year-end report presentation. You will be in listen-only mode only at the beginning of the call. [Operator Instructions] And we'll also open up for verbal questions after the presentation, of course.
With those words, I will hand over to our CEO, Vlad Suglobov.
Vlad Suglobov
Good morning, everyone. Welcome to our Q4 and Financial Year 2023 Results Call. We will take around 15 minutes to run through the presentation of the results, and then as usual, we will open the line for questions -- sorry. I'm not going to be able to participate through the video today.
So starting with the results, the brief overview of this morning's report. Revenue was SEK 317 million, which is 13% lower than last year in Swedish krona and 12% lower in USD terms. Revenue in USD was also down 2% sequentially from Q3. We saw a stable performance in our active part of the portfolio, among both our own and licensed games. Active games are the ones that we are actively evolving with updates and live ops. We call other discontinued games we were cashing out of harvest games, and this part of our portfolio declined in Q4.
If we look at active games in more detail. G5's own games were down 2% sequentially in USD, but our licensed games were actually up 2% sequentially. Monthly average gross revenue per paying user was continuously strong at $63.2, with audience metrics comparable to Q3. Our highlight continues to be the G5 Store, which now stands for 13.2% of total net revenue compared to some 6% a year ago. And as you know, the G5 Store has lower processing fees than the alternatives....
G5 Entertainment AB (publ) (GENTF) Q4 2023 Earnings Call Transcript