Brief: Huuuge Q1 Adjusted EBITDA Down At $10.4 Mln

Huuuge

26/05/2021 06:47

May 26 (Reuters) - Huuuge Inc  HUGEP.WA :
    * REPORTED ON TUESDAY Q1 NET LOSS OF $37.5 MILLION VERSUS
PROFIT
OF $12.8 MILLION YEAR AGO
    * THE NEGATIVE REPORTED NET RESULT FOR Q1 2021 WAS RELATED
TO THE
ACCOUNTING REVALUATION OF THE PREFERRED SHARES (A NON-CASH
FINANCIAL COST OF $39 MILLION)
    * Q1 REVENUE $95.7 MILLION VERSUS $76.0 MILLION YEAR AGO
    * Q1 ADJUSTED EBITDA $10.4 MILLION VERSUS $18.4 MILLION YEAR
AGO,
DUE MAINLY TO HIGHER INVESTMENTS IN USER ACQUISITION
    * THAN IN THE PREVIOUS YEAR
    * Q1 USER ACQUISITION MARKETING CAMPAIGNS AS PERCENT OF
REVENUE AT
40.9% VERSUS 28.1% YEAR AGO
    * Q1 REVENUE FROM HUUUGE CASINO AT $55.0 MILLION VERSUS
$46.4
MILLION YEAR AGO

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2lprKja
    
 Further company coverage:  HUGEP.WA  
   


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