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Qiiwi Games (QIIWI) investor relations material
Qiiwi Games Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for Q2 2025 was 3,266 TSEK, down from 5,413 TSEK year-over-year, mainly due to lower performance from key game titles.
EBITDA improved to -1,761 TSEK from -1,976 TSEK year-over-year, with further improvement expected as cost savings take effect.
Strategic reorganization included a 50% staff reduction, closure of the Cyprus subsidiary, and full integration of AI into operations.
Positive month-over-month revenue trends within the quarter, led by Backpacker® Go! and Wordington.
CFO resignation and increased ownership by the chairman were announced after the period.
Financial highlights
Revenue: 3,266 TSEK (down from 5,413 TSEK year-over-year).
EBITDA: -1,761 TSEK (improved from -1,976 TSEK year-over-year).
EBIT: -2,706 TSEK (improved from -2,966 TSEK year-over-year).
Net result after tax: -2,733 TSEK (improved from -2,908 TSEK year-over-year).
Cash and short-term investments at period end totaled 14,773 TSEK.
Outlook and guidance
Further EBITDA improvement anticipated in coming quarters as cost-saving measures take full effect, targeting break-even on a monthly basis by year-end.
Focus remains on achieving positive cash flow and leveraging AI for operational scaling.
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