Scout Gaming Group Reports Strong Q4 Performance and Positive Full-Year Results for 2023

Fourth Quarter Highlights (October – December 2023)

• Revenues from the gaming operation demonstrated a solid 9 percent increase, totaling mSEK 8.7 (compared to 8.0).B2B revenues surged significantly, reaching mSEK 7.5, reflecting a notable 47 percent increase.
• Strategic focus on the B2B segment is evident, as B2C revenues decreased by 59 percent to mSEK 1.2.EBITDA showed a remarkable improvement, recording mSEK -3.6 (compared to -15.1), marking an impressive 76 percent increase.
• The net result amounted to mSEK -5.0, a slight increase from the previous quarter’s mSEK -4.4.
• Earnings per share improved to SEK -0.02, showcasing positive progress from SEK -0.09 in the previous quarter.

Full-Year 2023 Performance Overview

• Revenues from the gaming operation for the entire year reached mSEK 31.0, signaling a substantial 21 percent increase from the previous year.
• B2B revenues experienced robust growth, totaling mSEK 25.3, representing an impressive 81 percent increase.
• B2C revenues, strategically reduced to mSEK 5.7, align with the company’s evolving focus.
• EBITDA for the full year showed significant improvement, standing at mSEK -25.4 (compared to -55.6), marking a notable 54 percent positive change.
• The net result for the full year amounted to mSEK -40.7, showcasing improvement from the previous year’s mSEK -64.5.
• Earnings per share for the full year stood at SEK -0.18, indicating progress from SEK -0.27 in the previous year.

Conclusion

Scout Gaming Group concludes 2023 on a high note, with a strong fourth quarter driving positive full-year results.

The substantial growth in B2B revenues and improved financial indicators highlight the company’s resilience and strategic adaptability in the dynamic gaming industry landscape.