in Mobile Gaming

#G5 Entertainment: Ranking check and look ahead

Q2 2012 is coming to an end and it is time for the last G5 Entertainment ranking check of the quarter. As we have reported over the last weeks and months, G5 games were and are selling very well and the company managed to increase the amount of games it has in the global top grossing charts gradually over the quarter.

It will be interesting to see what this will mean for Q2 revenues. As usual, management will give a mid-quarter update a few days after the end of the quarter, i.e. sometime around 2nd -4th of July. Typical seasonally suggest a slower Q2 vs Q1 for the app market overall, however, as the amount of devices continues to increase steadily, so is the overall customers base. Coupled with the increasing amount of G5 games in the global top grossing charts (supported by the steady strong flow of newly published games), we are confident that the company will report Q2 2012 revenues of somewhere in the region of SEK 18-20m (Q1 2012 revenues was SEK 17.4m).

Either way, G5 is well on the way to deliver on its 2012 guidance to achieve revenues of SEK 87m. Growth will continue even in the years ahead and we have become more and more confident that the company will achieve its target of sales around SEK 300m already by 2014. Assuming margins of around 30%, an EPS of SEK 10-11 per share is within reach.

Here is the latest ranking check:

As we have learned from a recent Appannie-study, iOS global revenue across 35 comparable countries outperforms Google Play by a factor of 71 to 29. Whilst Android wins the war in handset penetration, this has not yet translated to revenues generated for Google Play.

(As always, we are screening the app market of Australia, Canada, China, France, Germany, Italy, Japan, Netherlands, Russia, South Korea, Spain, Sweden, UK and USA)

G5 Entertainment games among the Apple top grossing games:

G5 Entertainment games among the iPad top grossing games:

G5 Entertainment games among the iPhone top grossing games:

G5 Entertainment games among the Mac top grossing games:

G5 Entertainment games among the Google Play top grossing games:

Nordic Investor

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