Gaming Corps Posts Strong Q4 Growth Amid Wider Loss

Net sales reached SEK 15.08m in the quarter.

Full-year revenue rose to SEK 60.17m, compared with SEK 36.16m in 2024.

The topline growth reflects wider distribution and a higher game release cadence. However, profitability remains under pressure as costs continue to outpace revenue expansion.

EBITDA Improves, But Losses Deepen

Q4 EBITDA improved year-on-year but remained negative at -SEK 5.64m.

Net loss for the quarter widened to -SEK 12.58m.

For the full year, net loss reached -SEK 40.60m, compared with -SEK 23.70m in 2024.

EBIT for FY 2025 came in at -SEK 39.33m, underscoring continued operating losses despite revenue growth.

Full-year EBITDA stood at -SEK 25.47m, highlighting the absence of operating leverage at the current scale.

The company also reported negative solvency and negative return on equity. This signals balance sheet pressure and potential future capital needs.

With 145.4 million shares outstanding at year-end, earnings per share remained negative at -SEK 0.29 for FY 2025. Dilution risk remains if losses persist.

Distribution Expands to 2,100+ Casinos

Gaming Corps increased its live footprint to more than 2,100 operator integrations. A year earlier, the figure stood at over 1,570.

The company released five games in Q4 and 24 during the full year. In 2024, it launched 17 titles.

The higher release cadence supports broader portfolio visibility across regulated markets.

Revenue Growth Without Margin Conversion

Distribution expanded significantly in 2025. However, revenue per operator remains unclear.

Cost expansion continues to absorb topline gains. As a result, margin conversion has yet to materialise.

The key investor question now centres on capital efficiency. Expanded distribution and increased release frequency must translate into sustainable margin improvement.

For operators, the focus is on portfolio continuity and rising content density across more than 2,100 integrations.

For investors, attention shifts to cash discipline, margin stabilisation and the timeline to break-even.

In the previous post, bet365 has strengthened its global casino strategy through a new content partnership.

Official Source Link: Gaming Corps

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