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Gaming Corps (GCOR) investor relations material
Gaming Corps Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales grew by over 55% year-over-year, reaching 15.1 MSEK for the period, marking the strongest year to date.
Operating profit improved by 1 MSEK (11%) to -8.7 MSEK, but profitability was not achieved due to increased costs and delayed revenue share from new agreements.
Workforce expanded by more than 55% to support new agreements and product development, ending the year with 81 employees.
Entered a significant agreement with Denwena/DEGEN Studios and expanded RGS agreements, positioning for long-term growth.
Launched in Ontario, Canada, with BetMGM and rolled out games in several new markets.
Financial highlights
Total revenue for Q4 2025 was 20.2 MSEK, up from 10.4 MSEK in Q4 2024; full-year revenue reached 60.2 MSEK, up from 36.2 MSEK.
Net sales for Q4 2025 were 15.1 MSEK, compared to 9.7 MSEK in Q4 2024; full-year net sales were 48.7 MSEK, up from 35.4 MSEK.
EBITDA for Q4 2025 was -5.6 MSEK, an improvement from -9.3 MSEK in Q4 2024; full-year EBITDA was -25.5 MSEK, compared to -23.3 MSEK in 2024.
Net loss for Q4 2025 was -12.6 MSEK, compared to -8.6 MSEK in Q4 2024; full-year net loss was -40.6 MSEK, compared to -23.7 MSEK in 2024.
Earnings per share before dilution for the year was -0.29 SEK, compared to -0.32 SEK in 2024.
Outlook and guidance
Investments in workforce and product development are expected to drive sustainable long-term growth.
Revenue share from new agreements is anticipated to become a more significant contributor to profitability as collaborations mature.
Strong expectations for growth in the Ontario market and further international expansion.
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