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UK's Flexion Mobile Q3 gross profit rises 

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

GBP 16.50 mln

Q3 Adjusted EBITDA

GBP 290,000

Q3 EBIT

-GBP 90,000

Q3 Gross Profit

GBP 2.10 mln


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


Reuters Recommended Reads

  • Oct 26 - Trading platform Plus500 Q3 revenue rises on customer growth

  • Oct 26 - UK's Computacenter raises profit forecast for fourth time this year, shares rise

  • Oct 26 - AudioEye Q3 revenue rises, raises FY EBITDA outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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