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MindArk (MNDRK) investor relations material
MindArk Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary28 Aug, 2025
Executive summary
Revenue and operating profit declined year-over-year in Q2 2025 due to reduced activity in Entropia Universe and negative currency effects, but both improved significantly compared to Q1 2025, with revenue up 33% sequentially and a return to positive operating profit.
Major product launches included the new planet ARIS and the release of Entropia Universe on Steam after the quarter, expected to drive future growth.
Strategic focus on technological innovation, including AI-driven localization (49 languages), onboarding improvements, and interplanetary teleportation, aims to enhance user acquisition and retention.
Financial highlights
Q2 2025 turnover was 22.1 MSEK, down from 26.8 MSEK year-over-year, but up 33% from Q1 2025.
Operating profit for Q2 was 2.4 MSEK (5.4 MSEK in Q2 2024); profit before tax was 5.9 MSEK (5.7 MSEK in Q2 2024).
H1 2025 turnover was 38.7 MSEK (47.5 MSEK in H1 2024); operating profit for H1 was -2.5 MSEK (6.6 MSEK in H1 2024).
Cash and cash equivalents including short-term investments stood at 25.6 MSEK at quarter-end.
No interest-bearing liabilities reported.
Outlook and guidance
Launch on Steam and improved onboarding are expected to accelerate user growth and revenue recovery in H2 2025.
Continued investment in AI and global localization to support long-term profitability and market expansion.
Expected user growth from recent initiatives?
How is RCE stability maintained long-term?
Quantify AI's impact on development productivity.
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Q3 202528 Nov, 2025
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Frequently asked questions
MindArk is a Swedish software company known for creating and managing Entropia Universe, a popular MMORPG-style online virtual universe. This platform is distinguished by its Real Cash Economy system, allowing players to engage in a virtual economy with real financial implications. Entropia Universe is composed of several virtual planets, each managed by different planet partners, offering a wide array of experiences and adventures. The company is headquartered in Gothenburg, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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