Based on the information available for the period January - March 2018, G5 forecasts quarterly revenue of approximately SEK 372 M, which corresponds to achieving 59 per cent revenue growth compared to the same period of 2017.
Vlad Suglobov, CEO, comments: "As planned and communicated previously, we have reduced the marketing spend, which in the first quarter is expected to be around 25-27% of gross sales. As we expected, thanks to the retention and longevity of our games, and despite lower marketing spend in absolute and relative terms, our monthly revenue continued increasing and sequentially first quarter revenues are 4% higher than Q4'17. More detailed information will be available in the first quarter report to be released on May 3rd, 2018."
More information about the Company can be found on www.g5e.se/corporate.
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