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TROPHY GAMES Development (TGAMES) investor relations material
TROPHY GAMES Development Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q3 revenue of DKK 40.2m, up 62% year-over-year, driven by strong performance in the Transport game series and successful new title launches.
Farm Manager, launched end of June, set a company record for single-month revenue and quickly became the largest game by daily active users.
Airline Manager and Truck Manager also delivered record revenues, each exceeding 100,000 daily active users.
Expanded marketing investments and diversified ad networks supported user acquisition and revenue growth.
Financial highlights
Q3 2025 revenue: DKK 40.2m (+62% YoY); YTD revenue: DKK 85.5m (+22% YoY).
Q3 EBITDA: DKK 7.7m (+57% YoY); YTD EBITDA: DKK 17.3m (-1% YoY).
Q3 EBT: DKK 4.9m (positive turnaround from loss in Q3 2024); YTD EBT: DKK 8.9m (+17% YoY).
Gross profit for Q3: DKK 13.2m (gross margin 33%, down from 42% YoY due to higher marketing spend).
Cash and cash equivalents at quarter-end: DKK 25.5m, with no interest-bearing debt.
Outlook and guidance
Raised 2025 guidance: revenue DKK 106–112m, EBITDA DKK 19–22m, EBT DKK 9–12m.
Q4 2025 and Q1 2026 expected to provide a clearer baseline as new features and optimizations roll out.
Pre-production started on a new Train Manager title, targeting high user engagement.
Next TROPHY GAMES Development earnings date
Next TROPHY GAMES Development earnings date
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