Scout Gaming Group (SCOUT) Q1 2025 earnings summary

Executive summary

• Total revenues for Q1 2025 reached SEK 12.4 million, up 56% year-over-year, with B2B revenues at SEK 8.8 million (+17%) and B2C at SEK 1.9 million (+56%).

• EBITDA improved to SEK -1.2 million from SEK -2.8 million year-over-year, and net result was SEK -2.4 million versus SEK -2.9 million.

• CEO highlights a stable EBITDA compared to Q4 2024 despite lower revenues, with cost reductions and a positive outlook for B2B pipeline.

Financial highlights

• Operating profit for the quarter was SEK -1.2 million, an improvement from SEK -2.8 million year-over-year.

• Cash and cash equivalents at period end were SEK 30.4 million, down from SEK 41.8 million year-over-year.

• Cash flow from operating activities was SEK -5.2 million, slightly improved from SEK -5.4 million year-over-year.

• Earnings per share remained at SEK -0.01 year-over-year.

Outlook and guidance

• CEO expects further cost reductions as reliance on external development resources ends, aiming for positive operational cash flows.

• B2B pipeline is strong, with new partners expected to move from development to billing phase and additional integrations anticipated.

• Integration of a third-party sportsbook in Q3 2025 is expected to free up resources for core Fantasy product development.