"The fourth quarter was weaker than we had hoped for, but it was another financially strong quarter for G5 despite the turbulent times facing the industry. The company continued to generate stable cash flow during the period, while our
October -
- Revenue for the period was
SEK 316.7 M (363.6), a decrease of 13 percent compared to the same period in 2022 in SEK terms. In USD terms revenue decreased 12 percent year-over-year. - Gross margin increased to 67.6 percent (67.1 percent), as larger share of revenue is coming from G5's direct-to-consumer platform.
-
EBIT for the period was
SEK 10.5 M (47.6), a decrease of 78%. EBIT was negatively impacted by revaluations related to the weakening USD recorded in other income and expense amounting toSEK -14.1 M (0.9). In previous quarters during the year the effect was positive. Adjusting for the negative impact from other income and expense the EBIT margin would be 7.8 percent. -
Net result for the period was
SEK 8.9 M (45.8). -
Earnings per share for the period, before dilution, was
SEK 1.12 (5.56). -
Cash flow amounted to
SEK 4.3 M (1.0), affected by share repurchases of own shares ofSEK -11.4 M (-19.9). -
Average Monthly Active Users (MAU) was 4.8 million, a decrease of 19 percent compared to the same period in 2022. Average Daily Active Users (DAU) was 1.5 million, a decrease of 13 percent compared to the same period in 2022. Average Monthly Unique Payers (MUP) was 152.4 thousand, a decrease of 13 percent while Average Monthly Average Gross Revenue Per Paying User (MAGRPPU) was
USD 63.2 , an increase of 2 percent compared to the same period last year. Audience metrics for 2022 were heavily inflated by increased user acquisition.
Full year 2023
- Revenue for the year was
SEK 1,319.9 M (1,400.1), a decrease of 6 percent compared to the same period in 2022 in SEK terms. In USD terms revenue decreased 10 percent year-over-year. - Gross margin increased to 67.6 percent (66.9 percent), as a larger share of revenue is coming from G5's direct-to-consumer platform.
-
EBIT for the period was
SEK 111.4 M (79.5), an increase of 40%. -
Earnings per share for the year was
15.84 SEK (8.00), an increase of 98%. -
The Board proposes a dividend of
8.0 SEK /share (8.0) equal to approximatelySEK 63.2 M (65.4).
This disclosure contains information that
For additional information, please contact:
Vlad Suglobov, CEO, investor@g5.com
About
Through its head entity
More information about
https://news.cision.com/g5-entertainment-ab/r/year-end-report-2023,c3924506
https://mb.cision.com/Main/10169/3924506/2590365.pdf
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