Company Announcement No. 1-2023
Highlights
- Growth in every parameter:
-
Group revenue 2022 was
DKK 50.6m (+22% YoY). -
EBITDA 2022 was
DKK 8.9m (+314% YoY). - Unique paying users total 2022 was 150,779 (+42% YoY).
- Total installs 2022 was 7.3m (+20% YoY)
-
Group revenue 2022 was
Management Commentary
As mentioned in the half-year report 2022, Trophy Games did a paradigm shift in 2022, changing focus from top-line to bottom-line growth. The macroeconomic environment caused us to scale with caution. The most significant impact in that regard was a reduction of our advertising spend. We now aim for a shorter period for breakeven than we did a year ago. This paradigm shift caused us to change our guidance, reducing revenue estimates and increasing EBITDA estimates. We are pleased to report we have managed to hit the updated guidance.
Our entire Sports and Arcade Series are in the retaining phase. That means they have very few employees maintaining them, and they will generate a solid cash flow for that reason. In 2022 these games generated
The end year cash position is
Significant events for the year were Airline Manager scaling, signing the publisher deal with the much-anticipated PC Premium game The Ranchers (read my CEO letter #1 about publishing and The Ranchers here), and building and releasing Shipping Manager. We are starting to scale Shipping Manager and have already begun producing Train Manager and soon Truck Manager. The KPIs for Shipping Manager indicate the same potential as Airline Manager, but it is too early to say.
Most things went well in 2022 but we have decided to take impairment on Warhammer AoS:
2023 will be the most exciting year in Trophy Games history. The scaling of the Transport Series (Airline, Shipping, and Train) and at least the Early Access release of the Ranchers are all significant events, and we are very excited about the outcome.
Starting with the 2023 guidance, we have decided not to include potential acquisitions. We are still looking for good acquisition opportunities. Still, we are not happy with the current valuations, which have yet to adapt to our new financial reality, so we are patient. On that note, by the end of
Keep an eye out for our investor day and CEO letters that will give valuable insights into the company.
Guidance 2023
- Trophy Games maintains guidance of:
DKK 56-65m in revenue.DKK 8-14m in EBITDA.DKK 3-8m in EBT.
Contact Information
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,
About Trophy Games
Trophy Games is an innovative,
https://news.cision.com/trophy-games/r/trophy-games-increases-2022-yoy-revenue-by-22--and-ebitda-by-314-,c3720585
https://mb.cision.com/Main/20400/3720585/1866048.pdf
https://mb.cision.com/Public/20400/3720585/a5daad3b137ae01d.pdf
(c) 2023 Cision. All rights reserved., source