Overview
* East Side Games ( EAGRF ) Q3 revenue decreased 6% yr/yr, missing analyst expectations
* EBITDA turned negative due to investments in new game launches and marketing
* Company repurchased 147,000 shares, reflecting commitment to shareholder value
Outlook
* East Side Games ( EAGRF ) expects Q4 to be driven by seasonal events and new features
* Company plans international expansion with localized creative testing in Q4
* East Side Games ( EAGRF ) to launch new monetization features in Q4
Result Drivers
* NEW GAME LAUNCHES - Launch of RuPauls Drag Race Match Queen and Squishmallows Match contributed to a 12% increase in core revenue quarter-over-quarter
* MARKETING INVESTMENTS - Approximately 60% of marketing spend in Q3 was allocated to Match-genre portfolio, supporting new game launches
* MONETIZATION STRATEGIES - RuPauls Drag Race Match Queen and Squishmallows Match showed strong early monetization and engagement, with plans for further enhancements
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Miss C$20 mln C$21.1
Revenue mln (1
Analyst)
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)