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COPENHAGEN, DENMARK / ACCESS Newswire / May 5, 2025 / Trophy Games Development (CPH:TGAMES)
Company Announcement no. 22/2025 (May 05, 2025)
Q1-2025 Update
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Revenue was DKK 21.7m, a 9% YoY increase.
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EBITDA was DKK 6.1m, a 25% YoY increase.
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EBT was DKK 4.0m, a 31% YoY increase.
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Total installs were 9.1m, a 201% YoY increase.
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Unique paying users were 119,211, a 34% YoY increase.
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Total payments were 291,302, a 24% YoY increase.
Another Record-Breaking First Quarter for Trophy Games
Another best Q1 in Trophy Games history. We have incredible strength in installs with an increase of 201% and EBT up 31% compared to Q1 2024. Installs are driven by organic traffic on Truck Manager and the Tivola portfolio, and EBT by a 13% increase in gross profit. Our revenue mix has changed a bit to consist of a higher amount of ad revenue, for which we do not pay the average 27% in payment fees. This, together with a higher revenue, leads to the strong EBT growth. In Q1, Truck Manager, while still in early access and with no marketing spend, was very close to becoming our second-largest game by revenue; it already is by daily active users, and it will pass Shipping Manager and Energy Manager in Q2, if the trends continue. In Q2, we will also start the marketing of Truck Manager, and it will be very exciting to follow its potential.
We are looking at a first half of the 2025 roadmap on which we have delivered to perfection and managed to complete several key milestones that will set the foundation for a strong second half of the year. Our primary focus remains on finalising Truck Manager, which will allow us to initiate its marketing campaign, and on preparing for the highly anticipated release of Farm Manager in July 2025.
Truck Manager: A Strong Performer with an Exciting Roadmap Ahead
Truck Manager continues to show impressive performance and remains a central focus in our portfolio. The game is still achieving more than two times the number of installs compared to our second biggest title, highlighting both the market potential and the strong player interest in the concept.
We are very excited about the features pipeline planned for the coming months. These upcoming updates are designed not only to enhance the player experience by introducing meaningful end-game content but also to unlock key monetization opportunities that will strengthen the game's long-term revenue potential. Alongside these new features, we are also addressing quality of life technical improvements and polish, ensuring the game is well-optimized and stable as we scale up.