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Huuuge Inc
WSE:HUG

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Huuuge Inc
WSE:HUG
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Price: 24.9 PLN -0.8%
Market Cap: zł1.1B

Huuuge Inc
Investor Relations

Huuuge, Inc. engages in the provision of mobile free-to-play social casino services. The company is headquartered in Palo Alto, California and currently employs 638 full-time employees. The company went IPO on 2021-02-10. The firm is also engaged in holding activities. The Company’s products include Huuuge Casino, Billionaire Casino, and Traffic Puzzle. Huuuge Casino offers players over 100 casino slot machines, as well as card games and roulette. Billionaire Casino offers players casino slot machines, as well as card games and roulette. Traffic Puzzle offers different levels in which players assist vehicles such as the police, fire trucks and ambulances to reach their destinations. The Company’s has its operations in United States, Germany, United Kingdom, Canada, Japan, France, Netherlands, Australia, Poland, Switzerland, Taiwan, Italy, South Africa, Spain and Austria. The Company’s subsidiaries include Huuuge Games Sp. z o.o., Huuuge Global Ltd, Huuuge Publishing Ltd, Huuuge Block Ltd, Billionaire Games Limited and Huuuge Digital Ltd.

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Last Earnings Call
Fiscal Period
Q3 2022
Call Date
Nov 23, 2022
AI Summary
Q3 2022

Record Margins: Huuuge delivered its second consecutive quarter of record sales and EBITDA margins, with a sales margin of 51% and adjusted EBITDA margin of 32%.

Profitability Focus: Despite a 15.7% year-on-year revenue decline in Q3, the company improved cash flow and profitability through cost discipline and a focus on high-margin revenue channels.

Strong Cash Position: The company ended September 2022 with $193 million in cash, even after a $20.1 million share buyback and $29.4 million payment for Traffic Puzzle.

Industry Outperformance: Huuuge's monetization metrics and conversion to payer rates reached industry highs, with a 10.7% monthly payer rate.

Web Shop Success: The new direct-to-consumer web shop exceeded internal expectations by 20%, contributing positively to margins.

Strategic Review: The ongoing strategic options review limits forward-looking statements and strategy discussion.

Cost Cuts: Significant reductions in user acquisition and operating expenses helped offset market headwinds.

Key Financials
Revenue
$241M
Sales Margin
51%
Adjusted EBITDA
$24.5M in Q3; $52.6M for the first 9 months
Adjusted EBITDA Margin
32% in Q3; 21.9% for first 9 months
Net Result
$15.3M in Q3
Operating Cash Flow
$42.1M for first 9 months
Cash Balance
$193M at end of September 2022
Share Buyback
5M shares at PLN 17.8 average price; $20.1M spend in 9 months, $4M in Q3
User Acquisition Marketing Expense
Down 52.4% in Q3; down 38.7% for 9 months
Gross Profit Margin
69.6% for first 9 months
Monthly Payer Conversion Rate
10.7%
Number of Employees
592 at end of September 2022
Traffic Puzzle Revenue Share
7% of total revenue in Q3
Other Earnings Calls
2022

Management

Mr. Anton Gauffin
Executive Chairman of the Board
No Bio Available
Mr. Wojciech Wronowski
Chief Executive Officer
No Bio Available
Mr. Erik Duindam
President & COO
No Bio Available
Mr. Marek Chwalek
Executive VP of Finance & Treasurer
No Bio Available
Ms. Monika Kierepa
General Counsel & Secretary
No Bio Available
Mr. Maciej Hebda C.F.A.
Senior Vice President of Strategy & Planning
No Bio Available

Contacts

Address
CALIFORNIA
Palo Alto
2600 El Camino Real, Suite 601
Contacts
+16503208856
huuugegames.com