UK's Flexion Mobile Q3 gross profit rises 

Overview

• UK mobile games distributor's Q3 revenue flat yr/yr at GBP 16.5 mln

• Gross profit for Q3 rose 19% to GBP 2.1 mln

• Company delivered third straight quarter of positive adjusted EBITDA, driven by lower costs

Outlook

• Company aims to accelerate sales pipeline conversion into new live titles in Q4 2026

• Flexion seeks to return Exprexion Creators to profitable growth through key accounts in Q4

• Company expects to benefit as Android ecosystem opens to competing stores and alternative payments

Result Drivers

• COST BASE REDUCTION - Co attributed improved profitability to lower staff costs and reduced general administration expenses

• HIGHER GROSS MARGIN - Core distribution business delivered its highest gross margin of the year in Q3

• AI-ASSISTED OPERATIONS - Co said operational efficiency gains from AI-assisted workflows helped reduce onboarding time and accelerate pipeline conversion

Company press release:

Key Details

Analyst Coverage

• Wall Street's median 12-month price target for Flexion Mobile PLC is SEK7.00, about 133.3% above its October 27 closing price of SEK3.00

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)