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Qiiwi Games (QIIWI) investor relations material
Qiiwi Games Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Revenue for Q3 2025 was 3,490 TSEK, down 21% year-over-year, but up 6% sequentially from Q2, driven by Backpacker® Go! which contributed 51% of Q3 revenue.
EBITDA for Q3 was -838 TSEK, a deterioration from -347 TSEK in Q3 2024, but the best result so far in 2025.
Net loss after tax for Q3 was -1,576 TSEK, compared to -1,074 TSEK in Q3 2024.
Strategic focus on combining board game mechanics with mobile entertainment and refining the New Games strategy.
Financial highlights
Q3 2025 revenue: 3,490 TSEK (Q3 2024: 4,426 TSEK); 9M 2025 revenue: 11,655 TSEK (9M 2024: 15,899 TSEK).
Q3 EBITDA: -838 TSEK (Q3 2024: -347 TSEK); 9M EBITDA: -4,167 TSEK (9M 2024: -5,240 TSEK).
Q3 EBIT: -1,613 TSEK (Q3 2024: -995 TSEK); 9M EBIT: -6,858 TSEK (9M 2024: -7,907 TSEK).
Q3 EPS: -0.17 SEK (Q3 2024: -0.11 SEK); 9M EPS: -0.76 SEK (9M 2024: -0.85 SEK).
Cash and short-term investments at period end: 13,484 TSEK.
Outlook and guidance
Management is optimistic about reaching break-even if current trends for Backpacker® Go! continue into Q4 and Q1 2026.
Cost savings are expected to have full effect by year-end, supporting the goal of positive cash flow.
Backpacker Go! offset older titles' decline?
New game strategy's path to market?
What drives Qiiwi's break-even target?
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Next Qiiwi Games earnings date
Q4 202520 Feb, 2026
Next Qiiwi Games earnings date
Q4 202520 Feb, 2026
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Frequently asked questions
Qiiwi Games develops, publishes and distributes games for mobile platforms. It also develops other entertainment applications for platforms on the Internet and mobile communication networks. The company's current operations started in 2012 and is based in Stockholm.
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