Gamethrill (THRILL) Q3 2024 earnings summary

Executive summary

• Q3 2024 net revenue was 1.6 MSEK, down from 1.8 MSEK in Q3 2023, with EBITDA at -0.3 MSEK versus -0.2 MSEK last year.

• Result after financial items was -0.4 MSEK, unchanged year-over-year; net result improved slightly to -398,525 SEK from -447,374 SEK.

• Focus remained on developing Kwizit and Wurm Online, with cost control maintained despite ongoing investments.

Financial highlights

• Q3 2024 total revenue: 1.7 MSEK (Q3 2023: 1.8 MSEK); EBITDA: -0.3 MSEK (Q3 2023: -0.2 MSEK).

• Net result for Q3 2024: -398,525 SEK (Q3 2023: -447,374 SEK); EPS: -0.01 SEK (unchanged year-over-year).

• Cash and cash equivalents at period end: 3.56 MSEK (Q3 2023: 4.18 MSEK).

• Equity ratio at 77.5% (Q3 2023: 79.3%).

Outlook and guidance

• Anticipates positive impact from the Wurm Online "Guidance" expansion in Q4, historically the strongest quarter for the game.

• Plans to expand Kwizit beta to a public version to accelerate development and revenue opportunities.