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