East Side Games Group Inc
TSX:EAGR
East Side Games Group Inc
Leaf Mobile, Inc. develops counter culture mobile games. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2019-07-15. The firm is focused on developing and publishing intellectual property (IP) games, licensing its Game Kits, and technology platforms. The company specializes in free-to-play mobile game groups and creating engaging games that produce player loyalty. The company offers a portfolio of IP lead games, developed and published inhouse or through Game Kit partnerships and acquisitions. The Company’s games include Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm, The Goldbergs: Back to the 80s, It’s Always Sunny: The Gang Goes Mobile and Trailer Park Boys Grea$y Money, RuPaul’s Drag Race Superstar and the soon to be released, The Office: Somehow We Manage. The firm's products are offered on the Apple App Store and Google Play Store.
Leaf Mobile, Inc. develops counter culture mobile games. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2019-07-15. The firm is focused on developing and publishing intellectual property (IP) games, licensing its Game Kits, and technology platforms. The company specializes in free-to-play mobile game groups and creating engaging games that produce player loyalty. The company offers a portfolio of IP lead games, developed and published inhouse or through Game Kit partnerships and acquisitions. The Company’s games include Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm, The Goldbergs: Back to the 80s, It’s Always Sunny: The Gang Goes Mobile and Trailer Park Boys Grea$y Money, RuPaul’s Drag Race Superstar and the soon to be released, The Office: Somehow We Manage. The firm's products are offered on the Apple App Store and Google Play Store.
Revenue Growth: Q3 revenue grew 4% sequentially to $20 million, though it fell 6% year-over-year due to heavy investment in new game launches.
Match Genre Expansion: Two new Match titles launched and now contribute 22% of total revenue, with strong early engagement and retention.
Heavy Marketing Spend: Marketing spend peaked in Q3 to support new launches, with about $6 million invested in user acquisition; spend will stay high in Q4 but moderate from Q3 levels.
Negative Earnings: Adjusted EBITDA was negative $3 million in Q3, attributed to upfront investments in new games, with management signaling Q3 as the trough for margins.
User Growth: Daily active users rose 12% quarter-over-quarter to 227,000, driven by new game launches.
Cash & Buybacks: The company ended Q3 with $3.2 million cash and continued share repurchases, reflecting confidence in long-term value.
Profitability Outlook: Management expects to remain EBITDA negative through early 2026, with a return to positive territory as new titles scale and mature.
