G5 Entertainment Q3 Revenue Falls 20% as Earnings Per Share Rises 70%

G5 Entertainment AB's third-quarter revenue fell 20% year over year to $19.3 million, while earnings per share before and after dilution increased 70% to $0.31. Net result rose to $2.3 million from $1.4 million, and earnings before interest and taxes increased to $1.9 million from $1.3 million. Gross margin reached 74.1%, compared with 71.2% a year earlier. Direct-to-consumer channels accounted for a larger share of revenue. G5 Store revenue increased 15.7% year over year and 6.8% from the second quarter. The store generated 41% more revenue from third-party game distribution than it did in the second quarter.

Source: TokenPost