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Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
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Gaming Corps (GCOR) investor relations material
Gaming Corps Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Net sales grew by 29% and total revenue increased by 44% year-over-year for Q3 2025, with both metrics also rising sequentially from the previous quarter.
Focus remains on scaling operations, aligning commercial strategies, and expanding into new markets such as Ontario and the UK.
Recruitment intensified to support higher game quality and release frequency, resulting in increased expenses.
Financial highlights
Q3 2025 total revenue was SEK 14.1 million, up from SEK 9.8 million in Q3 2024.
Net sales reached SEK 12.7 million, compared to SEK 9.8 million in the same quarter last year.
EBITDA was negative SEK 7.6 million, compared to negative SEK 2.3 million year-over-year.
Net loss widened to SEK 9.1 million from SEK 3.8 million in Q3 2024.
Six new game releases in Q3 2025, up from two in Q3 2024.
Outlook and guidance
Target of reaching profitability during 2025 remains in place, with final outcome to be reported next quarter.
Expectation to achieve two game releases per month for DEGEN Studios by early 2026.
Anticipation of increased game releases and intense activity in the upcoming winter period.
DEGEN Studios marketing campaign timing
Update on Marbles engine certification process
Ontario exclusivity period duration
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Next Gaming Corps earnings date
Q4 202520 Feb, 2026
Next Gaming Corps earnings date
Q4 202520 Feb, 2026
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Frequently asked questions
Gaming Corps is a game development company that creates original content for both the gaming and iGaming industries. The company's gaming sector produces video games for computers, consoles, and mobile platforms, while its iGaming sector focuses on online gambling games, including various casino games. Gaming Corps operates development studios in Malta and Ukraine. The company is headquartered in Uppsala, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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