Preliminary Q1 Results Indicate 76% Revenue Growth - Trophy Games Raises Guidance

Preliminary Q1 Results Indicate 76% Revenue Growth - Trophy Games Raises Guidance

Accesswire

Published

*COPENHAGEN, DENMARK / ACCESSWIRE / April 4, 2024 /* Trophy Games Development (STO:TGAMES) Company Announcement no. 4/2024 (April 04, 2024)

**Contains inside information*

In preparation for the Q1 report, we have preliminary unaudited Q1 numbers indicating:

Q1 2024 Q1 2023 Difference
Revenue: DKK 19.9m DKK 11.3m +76%
EBITDA: DKK 4.8m DKK 1.9m +153%
EBT: DKK 3.0m DKK -0.5m + DKK 3.5m

The full Q1 report is expected to be released on April 25th, 2024.

As a consequence of the preliminary numbers, Trophy Games raises its guidance for the financial year 2024, posted back in November 2023:

*New Guidance:*

Revenue: DKK 63m-71m
EBITDA: DKK 14m-18m
EBT: DKK 5m-8m

*Old Guidance (November 2023):*

Revenue: DKK 59m-68m
EBITDA: DKK 11m-15m
EBT: DKK 2m-6m

*CEO Comment:*
We have experienced a very strong Q1 and managed to raise the profitability of the games by introducing ad monetization and increasing our marketing performance.

*Contacts*
*Trophy Games Development A/S*
Søren Gleie, CEO
Office (+45) 7172 7573
Email: soren@trophy-games.com
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark

*Certified Adviser*
Norden CEF
John Norden
Email: jn@nordencef.dk
A/S Kongevejen 365, 2840 Holte, Denmark

*About Us*
Trophy Games is a data- and business-driven game company with a no-bullshit mentality. We build games around real-world interests to immerse players in their passion online!

*Attachments*
Preliminary Q1 results indicate 76% revenue growth - Trophy Games Raises Guidance

*SOURCE:* Trophy Games Development
View the original press release on accesswire.com

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