Singularity 6
Company
Documents about Singularity 6
Enad Global 7 Interim Report: Jul-Sep 2025
Enad Global 7 reported a weak third quarter of 2025, with net revenue falling 23.7% year-on-year to SEK 355.3 million from 465.7 million, equal to a 16.2% organic decline after SEK 34.8 million of negative currency effects.
- Enad Global 7 reported a 23.7% year-over-year decline in net revenue to SEK 355.3 million for Q3 2025, driven by a sparse release schedule and currency fluctuations.
- The company achieved a net profit of SEK 19.6 million, a significant turnaround from the SEK 29.2 million net loss recorded in Q3 2024.
- Operational performance showed mixed results with an adjusted EBITDA of SEK 63.2 million, while adjusted EBIT remained negative at SEK -14.0 million.
Enad Global 7 Interim Report: April–June 2025
Enad Global 7 reported a second quarter of 2025 in which net revenue rose 7.4% to SEK 378.8 million from SEK 352.7 million, equal to 6.7% growth on an FX-adjusted basis despite a SEK 36.5 million currency headwind.
- Enad Global 7 reported Q2 2025 net revenue of SEK 378.8 million, a 7.4% year-over-year increase driven by the console launch of Palia and the Elderwood expansion.
- The company recorded an operating loss of SEK 38.3 million and a net loss of SEK 50.1 million, attributed to elevated marketing spend for new releases and ongoing restructuring costs.
- Daybreak remains the group's primary revenue engine, providing stability despite a SEK 36.5 million negative impact from currency exchange rates.
Enad Global 7 Interim Report: January–March 2025
Enad Global 7 reported a first quarter of 2025 in which top-line growth and stronger adjusted profitability were offset by restructuring, heavy amortization, and a weaker reported bottom line.
- Enad Global 7 reported Q1 2025 net revenue of SEK 455.3 million, a 19.3% year-over-year increase driven by 16% organic growth.
- The Fireshine subsidiary experienced a 213.6% revenue surge, significantly contributing to the company's overall top-line expansion.
- Despite revenue growth, the company recorded a net loss of SEK 18.5 million, impacted by restructuring costs, depreciation, and market corrections at the Petrol subsidiary.
ENAD Global 7 Q4 2024 Interim Report
Enad Global 7 closed 2024 with its strongest quarter of the year, though full-year results fell short of management's targets.
- ENAD Global 7 reported full-year 2024 net revenue of 1,713 million SEK, marking a 16.2% year-over-year decline and missing internal performance targets.
- The company achieved its strongest performance in Q4 2024 with 513 million SEK in net revenue and an adjusted EBITDA margin of 25%.
- Full-year adjusted EBITDA margin reached 19%, falling short of the company's updated 20% target.
Enad Global 7 Interim Report: Jul–Sep 2024
Enad Global 7's third quarter of 2024 showed a sharp earnings decline despite growth at its largest studio.
- Enad Global 7 reported a 10% year-over-year revenue decline to SEK 465.7 million for Q3 2024, resulting in a net loss of SEK 29.2 million.
- Management initiated a restructuring program including the closure of select offices and a workforce reduction of approximately 100 employees to achieve SEK 63 million in annual cost savings.
- The company lowered its full-year adjusted EBITDA margin expectation to 20% while maintaining a full-year revenue target of SEK 1.8 billion.
ENAD Global 7 Q2 2024 Investor Presentation
EG7's second quarter of 2024 was a relatively quiet period with no major releases, producing net revenue of 353 MSEK, adjusted EBITDA of 33 MSEK (roughly a 9% margin), and a net cash position of 317 MSEK.
- ENAD Global 7 maintains its 2024 full-year revenue target of 1.8 billion SEK despite a soft Q2 performance of 353 MSEK in net revenue and 33 MSEK in adjusted EBITDA.
- The company is targeting long-term growth of 3 billion SEK in net revenue and 1 billion SEK in adjusted EBITDA by 2026, supported by a projected 3% industry CAGR.
- Operational cost-reduction initiatives, including headcount cuts at the Toadman unit, are expected to generate 103 MSEK in annual savings.
Enad Global 7 Interim Report: Apr-Jun 2024
Enad Global 7's second quarter of 2024 marked a sharp deterioration in results, with net revenue falling 27% year over year to SEK 352.7 million from SEK 482.9 million, and first-half revenue declining 30.4% to SEK 734.4 million.
- Enad Global 7 reported a 27% year-over-year revenue decline to SEK 352.7 million for Q2 2024, driven by a lack of new releases and the performance normalization of My Singing Monsters.
- The company recorded an operating loss of SEK 25.9 million and a net loss of SEK 38.8 million for the second quarter.
- Management is implementing a restructuring plan to achieve SEK 103 million in annual cost savings, with primary operational adjustments focused on the Toadman and Petrol units.
Annual Report: January – December 2024
EG7 (Enad Global 7), a Stockholm-based game developer and publisher with 11 live games, characterized 2024 as a transition year: revenue fell and the group swung to a loss, while it restructured, acquired new assets and raised its listing profile.
- EG7 reported a net loss of SEK 236.4 million in 2024, driven by a 16.2 percent revenue decline to SEK 1,713.0 million and a SEK 342.3 million goodwill impairment.
- Management initiated cost-saving measures, including the closure of Toadman and restructuring at Piranha Games, to achieve SEK 191.0 million in annual savings by the second half of 2025.
- The group’s live-service portfolio, led by Daybreak and Big Blue Bubble, generated 68.9 percent of total revenue, serving as the primary source of cash flow stability.
