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#G5 Entertainment: Another weekly increase

newlogo Daily revenues generated by mobile games for iPhone in the USA have on average increased by another 1% compared to our last channel check one week ago (data provided by www.thinkgaming.com). The gradual increase of the daily revenues generated ever since the beginning of December continues untiringly. Since the beginning of 2014, daily revenues generated by mobile games for iPhone in the USA have now on average increased by close to 41%.

thinkgaming

At the same time as the mobile gaming market just grows and grows, G5 Entertainment manages to keep the top grossing ranking positions for its most important game, Secret Society, steady. Furthermore, G5 is currently working on upcoming new free-to-play games with the aim to have more than 10 free-to-play games in the portfolio before the end of 2014. Given the steady growth of the underlying market, combined with the upcoming release of new F2P-games, we are optimistic that G5 will be able to increase its revenues in H2 versus H1. For Q3 and Q4, we are now assuming a sequential revenue increase of 4% and 6% respectively, which leads to a FY 2014 revenue estimate of SEK 167m. This implies a y-o-y increase of 67% and must be seen as very impressive.

Nordic Investor

Follow the latest buzz around G5 Entertainment at www.buzztrader.se. G5 Entertainment is part of the Nordic Investor BuzzTrader portfolio.

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