Fantasma Games (FAGA) investor relations material

Executive summary

• Achieved record Gross Gaming Revenue (GGR) of 178 MSEK in Q2 2024, up 77% year-over-year, with total revenues of 15.2 MSEK and net sales of 12.2 MSEK, both at all-time highs.

• EBITDA reached 4.5 MSEK, a 205% increase year-over-year, with a margin of 36% versus 18% last year.

• Four new games launched, including three on the proprietary Xpand platform, which contributed 25% of GGR and saw a 300% revenue increase sequentially.

• U.S. market accounted for 30% of GGR, with further expansion planned in Europe, South America, and Africa.

Financial highlights

• GGR rose to 178 MSEK from 101 MSEK, net sales to 12.2 MSEK from 8.0 MSEK, and total revenues to 15.2 MSEK from 10.7 MSEK, all compared to Q2 2023.

• EBITDA margin improved to 36% from 18% year-over-year; period net income was 1.2 MSEK versus a loss of -1.4 MSEK.

• Longtail GGR increased 28% to 73 MSEK, and launch GGR surged 141% to 105 MSEK.

• Cash flow from operations was 4.8 MSEK, with cash and equivalents at 3.0 MSEK at quarter-end.

Outlook and guidance

• Three high-performing games are set for broader global launches in H2 2024, expected to further boost GGR and longtail performance.

• Continued focus on expanding direct integrations and increasing the share of revenues from the proprietary platform to drive margin improvement.

• Ongoing strategic push into regulated markets and social casino partnerships, especially in the U.S.