VANCOUVER, BC, Aug. 14, 2025 /CNW/ – East Side Games Group (TSX:EAGR) (OTC:EAGRF) (“ESGG” or the “Company“), today announced its financial results for the second quarter ended June 30, 2025. These results demonstrate ESGG’s continued ability to sustain profitability while effectively executing its growth strategy. With encouraging early indicators from the global launch of RuPaul’s Drag Race Match Queen, ongoing strength in its core portfolio, and the upcoming launch of Squishmallows Match, ESGG is well-positioned to drive growth throughout the second half of 2025.
Second Quarter 2025 Financial Highlights
- Revenue: $19.2 million, a 4% increase compared to Q1 2025 and a 6% decrease from Q2 2024.
- Adjusted EBITDA: $1.55 million (8% margin), reflecting consistent margin strength in the core portfolio offset by a $1.1 million increase in marketing spend compared to Q1 to support new game launches.
- Cash Balance: $4.1 million with zero debt, down $1.3 million from Q1 due primarily to increased marketing spend for new game launches. Subsequent to the quarter, the company received $1.4 million of cash from revenue recognized in Q2.
- NCIB Share Buyback: During the second quarter, the company continued to be active on the NCIB, repurchasing 517,000 shares. Since its inception, the company has repurchased and canceled 4.4 million shares under the NCIB program.
Management Commentary
“Q2 2025 was a strong quarter across the board. Our core portfolio continues to deliver reliable revenue and profitability, while our newest title, RuPaul’s Drag Race Match Queen, launched with strong initial performance,” said Jason Bailey, CEO of East Side Games Group. “With a robust pipeline, a disciplined marketing approach, and a solid balance sheet, we’re well-positioned to deliver growth through the second half of the year.”
“We’re especially encouraged by the traction RuPaul’s Drag Race Match Queen gained both financially and culturally, and we look forward to building on this momentum with the upcoming global launch of Squishmallows Match in September.”
Core Portfolio Performance
ESGG’s core portfolio of narrative …