G5 Entertainment Group: Interim Report January – September 2019
STOCKHOLM--(BUSINESS WIRE)--Nov 5, 2019--
G5 Entertainment Group (STO:G5EN):
July – September 2019
“G5 is a growth company at heart, and we are determined to give our customers high-quality, exciting games and to build lasting relationships with them. During the third quarter we chose to give our older game portfolio a boost, while also giving our new game Jewels of Rome the best shot at even greater success. This means we spent more on marketing during the quarter to lift revenues during the last three months of the year and beyond,” said Vlad Suglobov, CEO of G5 Entertainment. “The plan is already showing progress with October seeing double-digit sequential growth compared to September. We are making these investments from a position of financial strength and are excited to see our games find continued success.”
This information is information that G5 Entertainment AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 07:30 CET on November 5, 2019.
About G5 Entertainment
G5 Entertainment Group develops and publishes high quality free-to-play games for both smartphones and tablets that are family-friendly, easy to learn, and targeted at the widest audience of both experienced and novice players. The group distributes their games through the Apple, Google, Amazon, and Windows application stores. The company’s portfolio includes popular games likeHidden City®, Jewels of Rome®, Mahjong Journey®, Homicide Squad®, Survivors: The Quest®, The Secret Society® and Pirates & Pearls (tm).
G5 Entertainment AB (Publ) is listed on Nasdaq Stockholm main market under trade symbol G5EN.ST. For the 6 th year in a row, G5 Entertainment is ranked in Deloitte’s Top 50 Fastest Growing Tech Companies of Sweden.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191104005989/en/
CONTACT: For additional information please contact:
Vlad Suglobov, CEO,firstname.lastname@example.org
Stefan Wikstrand, CFO, +46 76 00 11 11 5
KEYWORD: SWEDEN EUROPE
INDUSTRY KEYWORD: GENERAL ENTERTAINMENT ENTERTAINMENT ONLINE MOBILE ENTERTAINMENT
SOURCE: G5 Entertainment Group
Copyright Business Wire 2019.
PUB: 11/05/2019 01:30 AM/DISC: 11/05/2019 01:30 AM