G5 Entertainment: Weak Q2-result but a promising new star

Research Note

2019-07-30

12:20

The quarter was very much in line with our expectation except the most important cost parameter namely User Acquisition. We expected 21% of total revenue would be spent on User Acquisition instead 26% was spent. EBIT, therefore, was SEK 18.5 million versus our estimate of SEK 32 million. However, the new game “Jewels of Rome” is the best launch in G5’s history and shareholders likely have much to look forward to.

TO

KL

Tomas Otterbeck

Kristoffer Lindström

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