East Side Games Group (EAGR) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached $18.5 million, with adjusted EBITDA of $2 million, maintaining profitability and healthy margins despite seasonal softness.

• Core live game portfolio performed well, supporting reinvestment into new game development and features.

• RuPaul's Drag Race: Match Queen showed over 500% growth in active users and revenue during soft launch, with a global launch set for June 2025.

Financial highlights

• Revenue for Q1 2025 was $18.5 million; adjusted EBITDA totaled $2 million.

• Daily Active Users (DAU) averaged 209,000; ARPDAU was $0.99.

• Cash balance stood at $5.4 million at quarter end.

• 169,700 shares repurchased under NCIB for $83,700.

Outlook and guidance

• Focus remains on profitable growth, reinvestment in core business, and leveraging IP for new title launches.

• Plans to diversify revenue streams and pursue sustainable, profitable acquired growth.

• Confident in strategy to scale efficiently and return to growth with new titles in 2025.