- 01
Q4 2025 revenue reached SEK 3,123 million, representing 108% organic year-on-year growth and a 25% increase on a constant-currency basis.
- 02
Adjusted EBITDA for the quarter was SEK 717 million, maintaining a 23% margin consistent with the full-year performance.
- 03
User-acquisition spending grew 76% year-on-year, accounting for 38% of total quarterly revenue to support original studios and key franchises like RAID and racing titles.
- 04
The direct-to-consumer channel grew by 600 basis points to represent 32% of total revenue, signaling a successful strategic pivot toward higher-margin in-app purchases.
- 05
The company reported an adjusted net income of SEK 1,390 million and an adjusted EPS of SEK 11.33, exceeding financial guidance.
- 06
Unlevered free cash flow reached SEK 878 million with a 66% cash-conversion rate, supporting a leverage ratio of five times EBITDA.
- 07
The firm concluded a pre-IPO study for PlaySimple and is preparing for a new district-based organizational structure rollout in early 2026.