Enad Global 7 Annual Report 2023

Enad Global 7 achieved a significant financial turnaround in 2023, reporting net revenue of SEK 2,045 million and a net profit of SEK 199.6 million, a marked improvement over the substantial losses recorded in 2022. This performance was anchored by the success of established live-service franchises, most notably My Singing Monsters, Marvel Snap, and the MechWarrior series. While service-oriented business units faced headwinds, the company’s strategic focus on high-return investments and the divestment of non-profitable studios, such as AntiMatter Games, stabilized the group’s bottom line.

The company’s long-term strategy centers on reaching SEK 3 billion in revenue and SEK 1 billion in adjusted EBITDA by 2026. To achieve these targets, management is prioritizing middle-market publishing and the development of new growth vectors, supported by a planned SEK 360 million investment. Operationally, the group maintains a decentralized structure across six business units, with North America serving as the primary revenue driver. Financial health is bolstered by a robust liquidity position, with cash and cash equivalents totaling approximately SEK 480 million and a reduction in external debt liabilities to zero.

Corporate governance and sustainability remain central to the group’s operational framework. The company adheres to a rigorous risk management protocol, particularly regarding the valuation of goodwill and intangible assets, which are subject to annual impairment testing. Environmental and social initiatives are integrated into the business model, with a focus on data center energy efficiency and workforce development. The board continues to oversee these efforts alongside strict compliance with ethical business standards, ensuring that the company remains positioned for sustainable, long-term growth within the global gaming industry.