COPENHAGEN, March 30th, 2023: 5th Planet Games A/S (OAX: 5PG) is pleased to
announce that the annual report for 2022 has been released today. The full
report can be viewed by clicking the link at the end of this document.
It is with great pleasure we can confirm that 5th Planet Games is now a
profitable business.
Through the hard work of the executive team and the 5th Planet Games Board we
have been able to turnaround an EBITDA loss in 2021 of over DKK 9m, to an EBITDA
profit in 2022 of over DKK 1.6m, and in doing so, have fully delivered on the
updated guidance that was issued in August of 2022 in terms of both revenue and
profit (EBITDA).
Clearly our partnership with Skybound is now having a profound and positive
impact on the financial performance of our business, the access to high quality
content, world-class IP and the best game developments talent in the industry