5th Planet Games A/S — Earnings Release 2023

Nov 23, 2023

33-2023 5th Planet Games Q3 2023 report

33-2023 5th Planet Games Q3 2023 report

COPENHAGEN – November 23, 2023 - 5th Planet Games A/S (OAX: 5PG) is pleased to announce that the Q3 report for 2023 has been released today and is showing a profitable quarter once again, our third in succession…and our most profitable quarter ever!

EBITDA before special items for the period ending September 30, 2023, was a gain of DKK 1.6M compared to DKK 0.4M in Q3 2022, an increase of 258% compared to last year; with our costs remaining extremely low and consistent, this improvement in EBITDA has been driven directly by the increase in our top-line revenue.

Key highlights for Q3:

• Revenue for Q3 2023 amounted to DKK 3.5M, an 75% increase from DKK 2.0M in Q3 2022

• Gross profit for Q3 2023 amounted to DKK 3.4M, an 73% increase from DKK 1.9M in Q3 2022

• EBITDA for Q3 2023 of DKK 1.6M which represents an increase of 258% from Q3 2022!

From a product perspective, the key drivers of the business through this quarter have been Before Your Eyes which continues to see strong sales across multiple platforms, Escape Academy which has also performed above expectation, and our decision to continue to support our back catalogue of mobile games has been validated as the catalogue continues to deliver ahead of projections. The early sales on WrestleQuest have been a little below our projections, but we are now seeing signs of the game responding to new promotions and marketing activity and we will continue to review its performance through the end of the year.

Apart from the financial results and performance of individual games, there have been several more notable achievements in Q3:

• Closing our co-investment in Sagafilm ehf

• Receiving the final (Tranche 4) investment from Skybound in relation to the 2021 investment agreement

• The launch of the Hugo Legacy online Casino slots game, celebrating 30 years of the Hugo IP

• The announcement of our involvement in Invincible Presents: Atom Eve, the all-new RPG video game

Based on these results and our underlying financials in Q3 2023, the guidance for 2023 remains the same as announced in our annual report, revenue at a level of DKK 15-25M and EBITDA at a level of DKK 7-9M for the full year.

About 5th Planet Games

5th Planet Games is a video games publisher located in Copenhagen, active in games across all global platforms and devices. It has a long and successful history of working with established brands and strong IP. Now, in partnership with Skybound Entertainment, the company will extend access to compelling, global IP such as The Walking Dead.