Market (Overall)·Updated Mar 17, 2026 by Ten Square Games
Ten Square Games increased net profit to PLN 27.5 million in Q1 2025, up from PLN 17.9 million in the prior year, despite a 9.2% year-over-year decline in total bookings to PLN 90.5 million.
The proprietary 'TSG Store' reached a record 19.1% share of total bookings by bypassing platform commissions, contributing to an adjusted EBITDA of PLN 30.5 million.
The Group maintains a debt-free balance sheet with PLN 172.4 million in cash and equivalents, supporting the approval of a PLN 100 million dividend for the 2024 fiscal year.
Flagship titles Fishing Clash and Hunting Clash experienced declines in bookings due to reduced marketing spend, while the newer title Wings of Heroes grew to represent 8.1% of total bookings.
Management launched a 2025–2029 incentive program tied to a cumulative Adjusted EBITDA target of PLN 438 million to align internal goals with long-term growth.
The company is prioritizing long-term player retention and has scheduled the global launch of its new title, Trophy Hunter, for mid-2025.
Ten Square Games increased net profit to PLN 27.5 million in Q1 2025, up from PLN 17.9 million in the prior year, despite a 9.2% year-over-year decline in total bookings to PLN 90.5 million.
The proprietary 'TSG Store' reached a record 19.1% share of total bookings by bypassing platform commissions, contributing to an adjusted EBITDA of PLN 30.5 million.
The Group maintains a debt-free balance sheet with PLN 172.4 million in cash and equivalents, supporting the approval of a PLN 100 million dividend for the 2024 fiscal year.
Flagship titles Fishing Clash and Hunting Clash experienced declines in bookings due to reduced marketing spend, while the newer title Wings of Heroes grew to represent 8.1% of total bookings.
Management launched a 2025–2029 incentive program tied to a cumulative Adjusted EBITDA target of PLN 438 million to align internal goals with long-term growth.
The company is prioritizing long-term player retention and has scheduled the global launch of its new title, Trophy Hunter, for mid-2025.