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EAGR East Side Games News Story

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Canada's East Side Games Q3 revenue misses expectations

Overview

East Side Games Q3 revenue decreased 6% yr/yr, missing analyst expectations

EBITDA turned negative due to investments in new game launches and marketing

Company repurchased 147,000 shares, reflecting commitment to shareholder value

Outlook

East Side Games expects Q4 to be driven by seasonal events and new features

Company plans international expansion with localized creative testing in Q4

East Side Games to launch new monetization features in Q4

Result Drivers

NEW GAME LAUNCHES - Launch of RuPauls Drag Race Match Queen and Squishmallows Match contributed to a 12% increase in core revenue quarter-over-quarter

MARKETING INVESTMENTS - Approximately 60% of marketing spend in Q3 was allocated to Match-genre portfolio, supporting new game launches

MONETIZATION STRATEGIES - RuPauls Drag Race Match Queen and Squishmallows Match showed strong early monetization and engagement, with plans for further enhancements

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueMissC$20 mlnC$21.1 mln (1 Analyst)
Press Release: ID:nCNWpmWcMa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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