Sequential Revenue Growth
Revenue increased 0.2% sequentially from Q2, marking a positive trend change attributed to product improvements and user acquisition expansion.
Sherlock Game Performance
Sherlock achieved 5.6% sequential growth in USD terms, and year-over-year improved from -7.3% in Q1 to +7.9% in Q3.
Record Gross Margin
Gross margin reached a record 71.2%, up from 68.8% last year, driven by the success of G5 Store.
G5 Store Growth
G5 Store accounted for 24.7% of net revenue, up from 17.1% last year, with gross revenue growth of 30% year-over-year.
Increased User Acquisition Spend
User acquisition spend increased to 21% of revenue, up from 19% in the previous quarter and last year.
New Game Pipeline Progress
14 iterations on new games; a promising new game passed early soft launch with good metrics.