First quarter 2026 financial highlights:
Revenue of $99 million increased by 2% year-over-year.
Selling and marketing expenses of $37 million decreased by 13% year-over-year.
Profit for the period, net of tax, of $17 million in Q1 2026 increased vs. $14 million in Q1 2025.
Adjusted EBITDA1 of $18 million in Q1 2026 increased vs. $16 million in Q1 2025.
First quarter of 2026 financial performance in comparison
US$ million
Q1 2026
Q1 2025
Change (%)
Revenue
99
97
2
%
Platform commissions
(20
)
(20
)
(2
)
%
Game operation cost
(14
)
(14
)
1
%
Selling and marketing expenses
(37
)
(42
)
(13
)
%
General and administrative expenses
(10
)
(8
)
23
%
Profit for the period, net of tax
17
14
22
%
Adjusted EBITDA
18
16
15
%
Cash flows generated from operating activities
4
6
(27
)
%
First quarter 2026 financial performance
In the first quarter of 2026, our revenue increased by $2 million (or 2%) year-over-year and amounted to $99 million. The increase was primarily driven by an increase in in-app purchases made by players.
Platform commissions remained stable at $20 million in the first quarter of 2026 vs. 2025.
Game operation costs remained stable at $14 million in the first quarter of 2026 vs. 2025.
Selling and marketing expenses in the first quarter of 2026 decreased by $5 million vs. the same period in 2025, amounting to $37 million. This decrease is driven by our continued focus on improving the efficiency of user acquisition activities. The decrease reflects a more selective approach to performance marketing, prioritizing channels that attract players with higher ...
