Enad Global 7 reports a 2024 operating loss of SEK 138.8 million as revenue falls 16.2%

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.

Enad Global 7, a games publisher, reported an operating loss of SEK 138.8 million for the year from Jan 1, 2024 to Dec 31, 2024, against operating income of SEK 252.1 million the year before. Revenue fell 16.2% to SEK 1.71 billion from SEK 2.05 billion. The figures come from the group's ESEF annual report, the machine-readable format that European listed companies use for their yearly accounts, which was added to the ESEF registry on May 8, 2025.1^,2^,3^,4^,5^,6^,7^,8

The net loss was SEK 236.4 million, against net income of SEK 156.1 million a year earlier, and the diluted loss per share was SEK 2.67, against earnings of SEK 1.76 a share. EBITDA (earnings before interest, taxes, depreciation and amortisation), as tagged in the report's machine-readable statements, was SEK 459 million, down 7.4% from SEK 495.9 million, while depreciation, amortisation and impairment together rose to SEK 597.8 million from SEK 243.8 million.9^,10^,11^,12^,13^,14^,15^,16^,17

The report's text, written in Swedish, calls 2024 a year of transformation and consolidation in which the group focused on investments in new projects to drive growth over the medium to long term. It also gives the group's adjusted EBITDA, a separate measure that the company defines itself, as SEK 325.5 million for the year, against SEK 542 million.18^,19^,4^,20

In its account of the group's companies, the report describes Daybreak Games, which sits under Enad Global 7, as having published, developed and operated 14 live games over its history, including EverQuest; it gives the company net sales of SEK 766.4 million and adjusted EBITDA of SEK 133.1 million for 2024. Big Blue Bubble, which the report calls best known for My Singing Monsters, is given net sales of SEK 309.0 million and adjusted EBITDA of SEK 166.8 million for 2024 in the same overview. Piranha Games, home of the MechWarrior series, released a new standalone game in the series during the year, MechWarrior 5: Clans, and had net sales of SEK 129.4 million in 2024. Fireshine, a British publisher and distributor of digital and physical games, had net sales of SEK 317.6 million and adjusted EBITDA of SEK 49.4 million for 2024. The art, strategy and marketing agency Petrol, which the report says had a tougher year amid continued turbulence in the industry, had net sales of SEK 146.3 million and an adjusted EBITDA loss of SEK 12.1 million for 2024.21^,22^,23^,24^,4^,25^,26^,27^,28

Our records hold the figures that the report's tagged statements give, and passages of its text on EBITDA, impairments, net bookings or an adjusted operating result; we do not hold its pictures or its tables as the company printed them. Our records hold no earlier ESEF report of Enad Global 7, so they cannot tell whether the year-earlier figures were restated.18^,29^,30