Gamehaus Holdings Inc. Announces Unaudited Financial Results for the First Quarter of Fiscal 2026 Ended September 30, 2025

Rhea-AI Summary

Gamehaus (Nasdaq: GMHS) reported unaudited results for Q1 FY2026 ended September 30, 2025. Total revenue was US$27.7M (down 7.5% YoY) with in-app purchases at US$25.3M and advertising revenue at US$2.4M. Net income was US$1.8M (+17.6% YoY) and operating income was US$1.0M (3.6% margin). Key metrics: Average MAUs 3,066; Average DAUs 550; ARPDAU US$0.536. Cash and equivalents were US$15.3M as of Sept 30, 2025. The company expects Q2 revenue of US$24M–US$27M and maintains a US$5M authorized share repurchase plan through Aug 28, 2026.

Positive

• Net income +17.6% to US$1.8M
• ARPDAU increased ~24% to US$0.536
• Authorized buyback up to US$5M through Aug 28, 2026

Negative

• Total revenue declined 7.5% to US$27.7M
• Average DAUs fell ~27.6% to 550
• Advertising revenue down ~20% to US$2.4M
• Operating income decreased from US$1.5M to US$1.0M

Insights

Equity analyst

Mixed quarter: revenue slipped while profitability improved; cost cuts and other income offset softer user metrics.

Gamehaus reported total revenue of $27.7 million, down 7.5% year-over-year, driven by lower user-acquisition spending and reduced advertising revenue, while in-app purchases were $25.3 million. Operationally, selling and marketing expenses fell and R&D rose to support new Puzzle and RPG titles; operating income declined to $1.0 million and operating margin compressed to 3.6%, but $0.9 million of other income helped lift net income to $1.8 million.

The update shows dependencies and risks: user engagement metrics declined (Average MAUs from 3,968 to 3,066 and Average DAUs from 759 to 550) even as ARPDAU improved to $0.536, so revenue resilience rests on monetization per active user rather than audience growth. Cash of $15.3 million is unchanged quarter-to-quarter and the company believes it covers 12 months of needs; management reiterated a share repurchase authorization up to $5 million through August 28, 2026. Watch near-term revenue guidance of $24 million to $27 million for the quarter ending December 31, 2025, progress on the new Puzzle and RPG launches, and whether user acquisition spend scaling materially restores MAUs/DAUs over the next few quarters.

SHANGHAI, Nov. 25, 2025 /PRNewswire/ -- Gamehaus Holdings Inc. ("Gamehaus" or the "Company") (Nasdaq: GMHS), a technology-driven mobile game publisher, today announced its unaudited financial results for the first quarter of fiscal year 2026 ended September 30, 2025.

First Quarter of Fiscal Year 2026 Financial Highlights

• Total revenue was US$27.7 million, representing a 7.5% decrease from US$30.0 million in the first quarter of fiscal year 2025. In-app purchases contributed US$25.3 million, while advertising revenue reached US$2.4 million.
• Total operating costs and expenses were US$26.7 million, representing a 6.2% reduction from US$28.5 million in the first quarter of fiscal year 2025.
• Net income was US$1.8 million, representing a 17.6% increase from US$1.6 million in the first quarter of fiscal year 2025.

First Quarter of Fiscal Year 2026 Operating Highlights

in thousands, except percentages		For the Three Months Ended September 30,
		2025				2024
Average MAUs[1]			3,066				3,968
Average DAUs[2]			550				759
ARPDAU[3]			0.536				0.431
Average DPUs[4]			13				16
Average Daily Payer Conversion Rate[5]			2.4	%			2.1	%
Average 7D Retention Rate[6]			9.1	%			10.4	%

[1] Average Monthly Active Users, or Average MAUs, is defined as the number of individual users who play a game during a particular month. [2] Average Daily Active Users, or Average DAUs, is defined as the number of individual users who play a game on a particular day. [3] Average Revenue Per Daily Active User, or ARPDAU, is calculated by dividing revenue generated during a specific period by the Average DAU for that period, then further dividing by the number of days in the period. [4] Average Daily Paying Users, or Average DPUs, is defined as the number of individuals who made a purchase in a game during a particular day. [5] Average Daily Payer Conversion Rate is calculated by dividing Average DPUs for a specific period by the Average DAUs for that period. [6] Average Day Seven Retention Rate is calculated by dividing the number of new users who continue using the app on the seventh day after installation for a specific period by the total number of new users for that period.

Mr. Feng Xie, founder and chairman of Gamehaus, commented: "This quarter reflects the steady progress we are making as we transition Gamehaus toward a more disciplined, efficient, and scalable operating model. Our profitability and underlying efficiency continued to improve, demonstrating the resilience of our portfolio and the early impact of our strategic upgrade. As we advance the key pillars of our Gamehaus 2.0 strategy and deepen the integration of AI across our publishing stack, we are further enhancing operational predictability and the long-term economics of our business. Looking ahead, the combination of our AI-powered publishing platform and our disciplined approach to new content positions us well to drive sustainable growth. We will remain focused on execution and confident in our ability to create long-term value for our players, partners, and shareholders."

First Quarter of Fiscal Year 2026 Unaudited Financial Results

Revenue

Total revenue was US$27.7 million in the first quarter of fiscal year 2026, decreasing 7.5% from US$30.0 million in the first quarter of fiscal year 2025. The decline primarily resulted from the Company's reduction in user acquisition spending, which was a strategic move to optimize resource allocation and redirect investment toward the development of new game categories and upcoming projects, as well as their subsequent launch and promotion, aiming to strengthen the Company's game portfolio and support sustainable long-term growth.

Advertising costs decreased by 13.5% in the first quarter of fiscal year 2026 compared to the first quarter of fiscal year 2025, resulted in reduced traffic and user acquisition, which in turn affected revenue performance. In-app purchase revenue decreased 6.1% to US$25.3 million in the first quarter of fiscal year 2026 from US$26.9 million in the first quarter of fiscal year 2025, while advertising revenue was US$2.4 million in the first quarter of fiscal year 2026, compared to US$3.0 million in the first quarter of fiscal year 2025. These headwinds were partially offset by enhanced in-game content and live-ops features, which continued to drive engagement and monetization among the Company's existing player base.

Additionally, the Company is actively expanding its pipeline of games, with new titles in the Puzzle and RPG genres currently in the development and testing phase. The Company allocated meaningful marketing budgets to support these products and intends to launch extensive promotional campaigns upon their commercial release.

Operating Costs and Expenses

Total operating costs and expenses were US$26.7 million in the first quarter of fiscal year 2026, representing a 6.2% reduction from US$28.5 million in the first quarter of fiscal year 2025.

• Cost of revenue decreased by 5.4% to US$13.3 million in the first quarter of fiscal year 2026, from US$14.0 million in the first quarter of fiscal year 2025. The decrease was primarily due to lower platform fees and reduced profit-sharing payments to game developers.
• Research and development expenses increased 18.3% to US$1.2 million in the first quarter of fiscal year 2026, from US$1.0 million in the first quarter of fiscal year 2025. The increase was mainly attributable to the Company's strategic collaborations with multiple developers throughout the development and testing phases.
• Selling and marketing expenses decreased by 13.6% to US$10.8 million in the first quarter of fiscal year 2026, from US$12.5 million in the first quarter of fiscal year 2025. The reduction was primarily driven by a US$1.6 million decline in advertising costs related to player acquisition and retention, consistent with the Company's strategy to scale back promotional spending amid volatile ad performance across major platforms and to optimize efficiency for mature titles.
• General and administrative expenses were US$1.4 million in the first quarter of fiscal year 2026, representing an increase of 56.9% from US$0.9 million in the first quarter of fiscal year 2025. The increase was mainly attributable to higher salary expenses and professional service fees, largely associated with activities related to the Company's enhancements to corporate governance, financial reporting, and investor relations functions in relation to its status as a publicly-listed company.

Operating Income

Operating income was US$1.0 million in the first quarter of fiscal year 2026, compared to US$1.5 million in the first quarter of fiscal year 2025. Operating margin was 3.6% in the first quarter of fiscal year 2026, compared to 5.0% in the first quarter of fiscal year 2025.

Other Income, Net

Other income, net, which mainly included the Company's non-operating income and expenses, interest income and expenses, investment income (loss), and other income and expenses, was US$0.9 million in the first quarter of fiscal year 2026, compared to US$0.1 million in the first quarter of fiscal year 2025.

Net Income

Net income was US$1.8 million for the first quarter of fiscal year 2026, compared to US$1.6 million in the first quarter of fiscal year 2025. Net income attributable to Gamehaus Holdings Inc.'s shareholders per ordinary share was US$0.04 for the first quarter of fiscal year 2026, compared to US$0.03 in the first quarter of fiscal year 2025.

Cash and Cash Equivalents

Cash and cash equivalents were US$15.3 million as of September 30, 2025, compared to US$15.2 million as of June 30, 2025, which the Company believes is sufficient to meet its current liquidity and working capital needs for the next 12 months.

Business Outlook

For the second quarter of fiscal year 2026 ending December 31, 2025, the Company expects its total revenue to be in the range of approximately US$24 million to US$27 million. This forecast reflects the Company's current and preliminary view of its expected financial performance, business situation and market condition, which is subject to change.

Recent Development

Share Repurchase Plan Update

In August 2025, the board of directors of the Company approved a share repurchase plan, pursuant to which the aggregate value of Class A ordinary shares authorized for repurchase under the plan through August 28, 2026 shall not exceed US$5 million. Repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, including through the use of trading plans, intended to qualify under Rule 10b-18 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions and subject to market conditions and in accordance with applicable federal securities laws. The timing and actual amount of repurchases will be determined at the discretion of the Company's management, based on factors including share price, trading volume, market conditions, business outlook, and capital allocation priorities. 

As of October 31, 2025, the Company had repurchased approximately 200,000 of its Class A ordinary shares for approximately US$285,000.

Conference Call Information

The management team of Gamehaus will host a conference call at 07:00 A.M. Eastern Time on Tuesday, November 25, 2025 (08:00 P.M. Beijing/Hong Kong time on the same day) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including a conference passcode, a unique PIN number (personal access code), dial-in numbers, and an e-mail with detailed instructions to join the conference call.

Participant Online Registration: https://dpregister.com/sreg/10204494/10054ace2d2

A live and archived webcast of the conference call will be available on the Company's Investor Relations website at https://ir.gamehaus.com/.

About Gamehaus

Gamehaus Holdings Inc. is a technology-driven global mobile game publisher dedicated to bridging creative studios and players worldwide. With a portfolio spanning mid-core and casual games, Gamehaus delivers full-stack publishing support across market insights, user growth, live-ops, data analytics and monetization optimization. With a vision to be the go-to partner for creative teams, the company specializes in combining global publishing reach with AI- and data-powered solutions to help partners build lasting success. For more information, please visit https://ir.gamehaus.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may", or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results due to various risks and uncertainties, including but not limited to those described under the "Risk Factors" section in the Company's annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.

Investor Relations Contact

Gamehaus Holdings Inc.
Investor Relations Team
Email: IR@Gamehaus.com 

The Blueshirt Group
Mr. Jack Wang
Email: Gamehaus@TheBlueshirtGroup.co

 

GAMEHAUS HOLDINGS INC. AND ITS SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amount in USD dollars, except for number of shares or otherwise noted)
		As of
		September 30, 2025				June 30, 2025
		(Unaudited)				(Audited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$	15,328,252			$	15,234,745
Short-term investments			2,871,567				1,345,154
Accounts receivable			9,201,948				10,423,418
Advanced to suppliers, net			9,083,183				9,442,382
Prepaid expenses and other current assets			4,370,647				3,128,788
TOTAL CURRENT ASSETS			40,855,597				39,574,487
NON-CURRENT ASSETS:
Plant and equipment, net			124,833				124,503
Intangible assets, net			4,779,917				5,001,523
Operating lease right-of-use assets, net			373,845				512,647
Equity investments			1,921,422				1,995,021
TOTAL NON-CURRENT ASSETS			7,200,017				7,633,694
TOTAL ASSETS		$	48,055,614			$	47,208,181
LIABILITIES
CURRENT LIABILITIES:
Accounts payable		$	10,231,925			$	10,752,234
Contract liabilities			1,636,975				1,871,120
Accrued expenses and other current liabilities			682,123				903,252
Operating lease liabilities			332,878				463,064
Taxes payable			76,895				51,599
TOTAL CURRENT LIABILITIES			12,960,796				14,041,269
NON-CURRENT LIABILITY:
Operating lease liabilities			28,437				58,517
TOTAL NON-CURRENT LIABILITY			28,437				58,517
TOTAL LIABILITIES		$	12,989,233			$	14,099,786
SHAREHOLDERS' EQUITY:
Class A ordinary shares (par value of $0.0001 per share; 900,000,000     shares authorized, 37,971,245 and 37,971,245 shares issued and     outstanding as of September 30, 2025 and June 30, 2025,     respectively)			3,797				3,797
Class B ordinary shares (par value of $0.0001 per share; 100,000,000     shares authorized, 37,971,245 and 15,598,113 shares issued and     outstanding as of September 30, 2025 and June 30, 2025,     respectively)			1,560				1,560
Additional paid-in capital			10,954,201				10,954,201
Treasury stock			(112,428)				-
Retained earnings			25,452,190				23,543,001
Accumulated other comprehensive loss			(1,051,616)				(1,276,222)
TOTAL GAMEHAUS HOLDINGS INC'S SHAREHOLDERS' EQUITY			35,247,704				33,226,337
Non-controlling interests			(181,323)				(117,942)
TOTAL SHAREHOLDERS' EQUITY			35,066,381				33,108,395
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$	48,055,614			$	47,208,181

 

 

GAMEHAUS HOLDINGS INC. AND ITS SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME
(Amount in USD dollars, except for number of shares or otherwise noted)
							For the Three Months Ended September 30,
							2025				2024
							(Unaudited)				(Unaudited)
REVENUE							$	27,730,376			$	29,992,967
OPERATING COST AND EXPENSES
Cost of revenue								(13,276,705)				(14,034,397)
Research and development expenses								(1,184,320)				(1,001,192)
Selling and marketing expenses								(10,836,504)				(12,545,814)
General and administrative expenses								(1,432,961)				(913,251)
OPERATING INCOME							$	999,886			$	1,498,313
OTHER INCOME (EXPENSES):
Investment income (loss), net								676,089				(19,520)
Interest income								174,554				154,642
Other income (expenses), net								7,768				(13,063)
Total other income, net								858,411				122,059
INCOME BEFORE INCOME TAXES								1,858,297				1,620,372
INCOME TAXES EXPENSES								12,543				50,828
NET INCOME								1,845,754				1,569,544
Less: net (loss) income attributable to non-controlling     interests								(63,435)				9,521
NET INCOME ATTRIBUTABLE TO     GAMEHAUS HOLDINGS INC'S     SHAREHOLDERS								1,909,189				1,560,023
OTHER COMPREHENSIVE INCOME
Net income								1,845,754				1,569,544
Foreign currency translation adjustment, net of tax								220,346				1,245,027
TOTAL COMPREHENSIVE INCOME							$	2,066,100			$	2,814,571
Less: total comprehensive (loss) income attributable     to non-controlling interests								(63,381)				9,808
TOTAL COMPREHENSIVE INCOME     ATTRIBUTABLE TO GAMEHAUS     HOLDINGS INC'S SHAREHOLDERS								2,129,481				2,804,763
BASIC AND DILUTED EARNINGS PER     SHARE:
Net income attributable to Gamehaus Holdings Inc's      shareholders per share
Basic and diluted							$	0.04			$	0.03
Weighted average shares outstanding used in      calculating basic and diluted income per share
Basic and diluted*								53,569,358				50,000,000
* Presented on a retroactive basis to reflect the reverse recapitalization.

 

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SOURCE Gamehaus Holdings Inc.

FAQ

What were Gamehaus (GMHS) Q1 FY2026 total revenue and net income on Nov 25, 2025?

Total revenue was US$27.7M and net income was US$1.8M for Q1 FY2026.

How did Gamehaus (GMHS) user metrics change in Q1 FY2026?

Average MAUs were 3,066, Average DAUs were 550, and ARPDAU rose to US$0.536.

What guidance did Gamehaus (GMHS) give for Q2 ending Dec 31, 2025?

Gamehaus expects Q2 FY2026 revenue in the range of US$24M to US$27M.

How large is Gamehaus (GMHS) share repurchase authorization and what has been repurchased?

The board authorized up to US$5M through Aug 28, 2026; approximately 200,000 shares were repurchased for about US$285,000 as of Oct 31, 2025.

Why did Gamehaus (GMHS) revenue decline in Q1 FY2026?

Revenue declined primarily due to the company's reduction in user acquisition spending, which lowered traffic and ad-driven revenue.

What expense and investment trends did Gamehaus (GMHS) report for Q1 FY2026?

Selling and marketing expenses fell 13.6%, while research and development increased 18.3% to support new game development.