everplay group plc (TSVNF) Q4 2024 Earnings Call Transcript

2025-03-31 15:31:27 ET

everplay group plc (TSVNF)

Q4 2024 Earnings Conference Call

March 26, 2025, 04:30 AM ET

Company Participants

Steve Bell - Chief Executive Officer

Rashid Varachia - Chief Financial Officer and Chief Operating Officer

Conference Call Participants

Presentation

Steve Bell

Good morning everybody, and welcome to Everplay's FY 2024 Results Presentation. This is obviously the first time that we've presented as Everplay, we rebranded the business. And I'll go on to talk about that a little bit later in the presentation. But in terms of the presentation itself, it's going to last for about 35 to 40 minutes. I'm going to be kicking the presentation off, talking about an operating review of the year, and talk about the divisions in a little bit more detail. And then I'll hand over to Rashid.

A number of you will have met Rashid. Rashid is our CFO and COO and joins us from Jagex, and was prior to that was at Codemasters. So comes with extreme experience in the world of gaming, and is adding huge value already within the business. So Rashid will talk about 2024's financial performance. I'll then talk about the strategic priorities within the business, and give everybody an update on that. And then I'll finish with the outlook for 2025 and beyond.

So 2024, a really strong financial performance for the business. Revenues were up 5%, £167 million. And that consistently shows the growth that we're generating within the business year-on-year.

Our adjusted EBITDA was at £44 million, so a 46% increase on where we were in 2023. And that shows obviously strong recovery in profits and margin, but more importantly a very quick reaction to the change in strategy that we employed within the business at the back end of 2023, when we restructured the business....

Read the full article on Seeking Alpha

For further details see: