tiprankstipranks

East Side Games Group Reports Strong 2024 Results

East Side Games Group Reports Strong 2024 Results

Leaf Mobile Inc ( (EAGRF) ) has released its Q4 earnings. Here is a breakdown of the information Leaf Mobile Inc presented to its investors.

East Side Games Group (ESGG) is a Vancouver-based leader in the free-to-play mobile gaming industry, known for its engaging and creative game experiences that captivate players worldwide.

In its latest earnings report, East Side Games Group announced a strong financial performance for the fourth quarter and full year of 2024, with significant revenue and adjusted EBITDA figures, alongside strategic growth initiatives.

The company reported a revenue of $20.5 million in Q4 2024 and $83 million for the full year, with an adjusted EBITDA of $2.5 million in Q4 and $11.6 million for the year. ESGG also achieved an 11% increase in Average Revenue Per Daily Active User (ARPDAU) and expanded its market presence by launching on the Epic Mobile Store, which has already contributed to 21% of installs from organic traffic. Additionally, the company has diversified its revenue streams through subscriptions and new advertising placements.

Looking ahead, East Side Games Group is set to continue its growth trajectory in 2025 with the launch of new titles such as RuPaul’s Drag Race: Match Queen and Squishmallows Match. The company remains confident in its ability to leverage strategic partnerships and innovative monetization strategies to enhance its market position and drive further expansion.

With a focus on sustainable growth and efficiency, ESGG is poised to capitalize on its strong portfolio and new game launches, aiming to maintain its momentum and deliver value to shareholders in the coming year.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App