Profil:
Ten Square Games SATen Square Games posts adj. EBITDA of PLN 30.5 mln in Q1 2025, above market expectations
Listed mobile games producer and developer Ten Square Games posted an adjusted EBITDA of PLN 30.5 million (EUR 7.13 mln) in the first quarter of 2025, up by 11 percent year on year and by 7.5 percent quarter on quarter, against the PAP Biznes consensus of PLN 25.6 million (EUR 6 mln), the group's financial report showed.
| 1Q2025 | results | consensus | difference | y/y | q/q |
| PLN mln | PLN mln | % | % | % | |
| Revenues | 90.5 | 90.7 | -0.3% | -9.3% | -4.2% |
| Adj. EBITDA | 30.5 | 25.6 | 19.3% | 10.9% | 7.4% |
| EBIT | 30.6 | 21.6 | 41.9% | 60.3% | 68.2% |
| Attrib. net profit | 27.5 | 18.9 | 45.2% | 53.6% | 87% |
"This is primarily the result of the decision to reduce marketing expenditure. While this decision will have a short-term negative impact on the group's payment levels, in the long term it should increase the effectiveness of future marketing investments in acquiring new users," TSG sain the press release.
Ten Square Games group ended the first quarter of 2025 with financial resources of PLN 172.4 million (EUR 40.3 mln).
"The first quarter of 2025 delivered mixed results for our business. On the one hand, we recorded weaker results in our two main titles, which was due to a slower-than-anticipated pace of change implementation. On the other hand, we achieved strong financial results, a record share of TSG Store in group's revenue, continued growth in Wings of Heroes and Real Flight Simulator, and worked hard on new projects," said the CEO Andrzej Ilczuk, quoted in the press release.
"Our goal in the near future is to improve the efficiency of our teams and consistently build the foundations for the long-term growth of the group's value," he added.
seb/ ao/