Stillfront's revenue for 2024 falls 3.5% to SEK 6.74 billion, with a SEK 7.38 billion net loss

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Stillfront Group, a games publisher listed in Stockholm, reported revenue of SEK 6.74 billion for 2024, down 3.5% from SEK 6.98 billion a year earlier. The figures come from its annual report in ESEF, the European format for machine-readable annual reports, which reached the registry on May 8, 2025; the report is in Swedish. Operating income, the profit from running the business before interest and tax, was a loss of SEK 6.46 billion, against a profit of SEK 754 million a year earlier. The net loss was SEK 7.38 billion, against net income of SEK 12 million, and the diluted loss was SEK 14.40 a share against earnings of SEK 0.01 a share.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14

The report says the operating result was hit by a goodwill impairment of SEK 6,867 million related to North America; goodwill is the value booked when a company buys another business, and an impairment writes it down. It says the goodwill allocated to North America was written down in full, to zero, because revenue growth was weaker than expected, which leaves group goodwill at SEK 9,898 million against SEK 15,595 million a year earlier. Elsewhere the report says a write-down of 6.9 billion kronor was needed in North America because development was weaker than expected and because Stillfront now reports separate cash-generating units instead of a single one. The same passage calls MENA & APAC the group's growth engine, led by Jawaker and Moonfrog.15^,16^,17^,18

Depreciation, amortisation and impairment together came to SEK 8.6 billion, against SEK 1.66 billion a year earlier. The report gives EBITDA, earnings before interest, tax, depreciation and amortisation, of SEK 2,145 million for the year against SEK 2,413 million. Adjusted EBITDA, which Stillfront defines itself, was SEK 2,256 million against SEK 2,510 million.19^,20^,21^,22

Our records hold the report's text, but beyond its tagged figures this article draws only on passages that state EBITDA, an impairment, net bookings or an adjusted operating result, and we do not hold the report's tables as printed; our records hold 3 earlier ESEF reports of the company, against which this report gives the same year-earlier figures.8^,23