Full Year 2024 Ten Square Games SA Earnings Call (Polish) Transcript
Key Points
- Ten Square Games SA (FRA:1HQ) demonstrated financial resilience in 2024, maintaining stable cash flow and generating cash quarter to quarter.
- The company successfully implemented cost-cutting initiatives, which helped maintain solid financial results despite decreasing bookings.
- The introduction of new monetization strategies for their games is planned, aiming to improve revenue and engagement KPIs.
- Wings of Heroes showed a triple increase in monetization, indicating successful product development and potential for further growth.
- The company plans to pay a dividend of 100 million Polish zlotys, reflecting a commitment to sharing profits with stakeholders.
- The global gaming market remains uncertain, with mixed signals affecting player behavior and bookings, particularly in North America.
- There was a decrease in net profit quarter on quarter, attributed to a focus on player engagement rather than immediate monetization.
- The company faces challenges in increasing marketing expenditure for user acquisition due to fluctuating effectiveness of marketing strategies.
- The number of new game releases in 2024 was the lowest in over a decade, indicating potential stagnation in product innovation.
- There is uncertainty regarding the completion and outcome of a delayed tax audit, which could impact financial planning.
Good afternoon ladies and gentlemen, and welcome to a conference summarizing Q4 2024 in Times Square Games. My name is Andrei Yhuuk. I'm CEO.
I'm joined today by Magdala Yovic. I'm a CFO, Jimmydovi, CTO. Good afternoon, and Nina Gras responsible for contacting the market.
We'll begin by financial results. Of our company allow me to take the floor.
A key summary on our of our business. 2024 wasn't an easy year, neither for us nor for other businesses.
What we wish to highlight is that we are resilient. We are able to generate cash flow. We've had some bad years, we've had some better, but 2024.
It was a year where we continued on our path to financial resilience. We've been able to generate cash quarter to quarter. It was a very stable year result wise as far as a bid is concerned.
The quarters were similar to one another, and as you remember, in February 2024, we shared our cash with you in the form of a buyback which is. The record breaking payback consisting in 14.6 million
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