Scout Gaming Group (SCOUT) Q4 2024 earnings summary

Executive summary

• Total revenues for Q4 2024 rose 55% year-over-year to MSEK 13.5; full-year revenues up 43% to MSEK 44.4.

• B2B and B2C segments both posted strong growth, with B2C Q4 revenues up 129% year-over-year.

• EBITDA and net result improved significantly, though both remain negative.

• CEO highlights organizational investments, product development efficiency, and a positive outlook for 2025.

Financial highlights

• Q4 EBITDA improved to MSEK -1.2 from -3.6; full-year EBITDA at MSEK -4.8 vs. -25.4 last year.

• Net result for Q4 at MSEK -1.4 (vs. -5.0); full-year net result at MSEK -6.4 (vs. -41.1).

• Earnings per share for Q4 at SEK -0.01 (vs. -0.02); full-year at SEK -0.03 (vs. -0.18).

• Cash and cash equivalents at year-end were MSEK 35.9, down from MSEK 47.3.

• Operating cash flow for the year was MSEK -11.3, improved from MSEK -25.4.

Outlook and guidance

• Management expects continued revenue and earnings improvement in 2025, supported by new partner launches and cost efficiencies.

• Cash flow positive remains a key priority, with current forecasts providing confidence.