Stillfront Group Interim Report: Q2 2022

Stillfront Group’s second-quarter 2022 interim report highlights a period of accelerated momentum, characterized by 31% net revenue growth and robust cash generation. The company’s performance was primarily driven by successful new game launches, strategic studio collaborations, and effective live operations. Despite a slight margin compression attributed to growth initiatives and product mix shifts, the organization maintained a strong financial position with a leverage ratio below its target and a free cash flow of 1,016 million SEK over the last twelve months, representing an 18% year-over-year increase.

The portfolio experienced significant diversification, with mobile games now accounting for 79% of total bookings. While daily and monthly active user counts remained stable, the average revenue per daily active user (ARPDAU) grew by 32% year-over-year, bolstered by the strong performance of strategy titles. Key operational successes included the scaling of Nanobit’s Winked: Episodes of Romance, the expansion of BitLife into Spanish and Portuguese markets, and continued growth in the grand strategy segment.

Geographically, the company maintains a global footprint with studios spread across Europe, North America, Asia, Africa, South America, and Oceania. The report confirms a disciplined approach to user acquisition, keeping spending within strict return targets. Looking ahead, Stillfront Group anticipates a return to typical seasonal patterns in the third quarter and has reiterated its full-year 2022 guidance, projecting mid-single-digit organic growth. The company remains focused on leveraging its expanded portfolio and ongoing studio synergies to sustain its growth trajectory through the remainder of the fiscal year.