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Kvix (KVIX) investor relations material
Kvix Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary21 Nov, 2025
Executive summary
Q3 2025 saw net sales rise to 3.0 MSEK from 0.4 MSEK year-over-year, driven by increased player activity in Modern Command Mayhem.
Operating result for Q3 was -1.0 MSEK, down from -0.5 MSEK last year, mainly due to higher marketing and user acquisition costs.
For the nine months, net sales reached 9.2 MSEK, up from 1.0 MSEK, with a positive operating result of 1.5 MSEK compared to -1.0 MSEK.
A periodization error in marketing costs affected quarterly results but not the nine-month total.
Financial highlights
Q3 net sales: 3.0 MSEK (0.4 MSEK last year); nine months: 9.2 MSEK (1.0 MSEK).
Q3 operating result: -1.0 MSEK (-0.5 MSEK); nine months: 1.5 MSEK (-1.0 MSEK).
Q3 EPS: -0.04 SEK (-0.02 SEK); nine months: 0.07 SEK (-0.04 SEK).
Cash flow from operations Q3: 0.3 MSEK (-0.3 MSEK); cash at period end: 0.5 MSEK (0.4 MSEK).
ARPDAU Q3: 5.79 SEK; CAC: 39.90 SEK; DAU: 6,712.
Outlook and guidance
Marketing investments are expected to continue increasing to drive revenue growth.
Retention and monetization metrics are stable and comparable to established games in the genre.
The game is approaching the point where it can cover group costs, with growth limited by working capital.
Given working capital limits, how to scale user acquisition
What steps prevent future reporting errors?
Future strategy for Kvix.tv and Vahlery.com
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Frequently asked questions
Kvix is a technology company specializing in the development of digital platforms and solutions that enhance user experiences and connectivity. The company provides a range of software products and services designed to support businesses and individuals in leveraging technology for communication, collaboration, and engagement. The company is headquartered in Umeå, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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