Flexion Mobile (FLEXM) Q3 2025 earnings summary

Executive summary

• Revenue declined 7% year-over-year to GBP 16.5m in Q3 2025, mainly due to weaker influencer marketing performance, while core distribution revenue grew 2% in constant currency (USD).

• Strategic focus shifted to building a scalable technology platform, expanding the game portfolio, and improving operational efficiency.

• Management is targeting a 40%+ increase in the number of games on the platform by FY2026.

Financial highlights

• Q3 2025 total revenue: GBP 16.5m (down 7% YoY); gross profit: GBP 1.8m (down 54% YoY); adjusted EBITDA: GBP -0.6m (down from GBP 1.4m YoY).

• Operating result: GBP -0.7m; EPS: -1.60 pence; operating cash flow: GBP 0.8m.

• Cash and cash equivalents increased to GBP 13.7m.

• For the first nine months, revenue fell 6% YoY to GBP 51.5m; gross profit dropped 34% to GBP 7.4m; adjusted EBITDA down 97% to GBP 0.1m.

Outlook and guidance

• Management is focused on disciplined execution, cost structure review, and capital allocation, including potential share buybacks and dividends.

• Emphasis on expanding the addressable market and improving unit economics.