Scout Gaming Group (SCOUT) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 2025 declined 20% year-over-year to mSEK 10.9, with full-year revenue up 1% to mSEK 44.7.

• B2B revenue fell 23% in Q4, while B2C revenue rose 17% in the same period.

• EBITDA loss widened to mSEK -2.1 in Q4 and mSEK -7.2 for the year.

• Net loss increased to mSEK -2.6 in Q4 and mSEK -10.0 for the year.

• Management is considering further cost-saving measures due to continued underperformance.

Financial highlights

• Q4 total revenues: mSEK 10.9 (down 20% YoY); full-year: mSEK 44.7 (up 1%).

• Q4 B2B revenues: mSEK 7.2 (down 23% YoY); full-year: mSEK 32.7 (flat YoY).

• Q4 B2C revenues: mSEK 3.1 (up 17% YoY); full-year: mSEK 8.0 (up 10%).

• Q4 EBITDA: mSEK -2.1; full-year EBITDA: mSEK -7.2.

• Q4 net result: mSEK -2.6; full-year net result: mSEK -10.0.

Outlook and guidance

• Further cost-saving measures are being evaluated to address ongoing losses.

• Conversion of ongoing partner discussions into signed agreements is critical for future operations.