G5 Entertainment has announced the launch of its new free-to-play match-3 puzzle game, Jewels of Orient, now available on the Google Play Store in Canada. This game is part of the Jewels family and invites players on an engaging adventure to renovate a fallen empire, featuring beautiful scenery and a social gaming element through the G5 Friends network. A broader rollout to additional countries and platforms is anticipated soon.
G5 Entertainment reported mixed results for Q3 2021, with revenue of SEK 327.6 million, down 1% year-over-year in SEK but up 1% in USD. A 36% rise in new generation games and a 7% increase in own games contributed to performance. EBIT increased by 16% to SEK 160 million for the first nine months. The gross margin improved to 64%, attributed to a higher share of revenue from own games and reduced store fees. However, cash flow was negative at SEK -39.2 million, impacted by share repurchases.
G5 Entertainment AB (GENTF), a leading mobile game developer based in Stockholm, Sweden, will have CEO Vlad Suglobov presenting live at VirtualInvestorConference.com on April 29 at 11:00 AM ET. This interactive online event invites investors to ask questions in real-time. For those unable to attend live, an archived webcast will be available afterward. Investors are encouraged to pre-register and perform an online system check to enhance their participation experience.