Scout Gaming Group’s revenue was down by more than 10 per cent in the firat quarter of 2022, but continues to be outstripped by expenses.

Revenues from the gaming operation amounted to mSEK 6.7 (8.4), corresponding to a decrease of 20%, due to effects from the war between Russia and Ukraine.

B2B revenues amounted to mSEK 2.4 (1.9), increase of 23%. B2C revenues amounted to mSEK 4.3 (6.5), decrease of 34%. EBITDA decreased to mSEK -18.2 (-15.0) Net result decreased to mSEK -19.6 (-9.3).

During the first quarter we focused on restructure the company with decreasing the expenses and to
strengthen our B2B operations.Our B2B operation has increased with 23 percent compared the same
period last year.

We have also been strengthened by the fact that our B2B customers now clearly see the value of our product, in terms of low acquisition costs for end customers and the high loyalty that our products deliver, which strengthens our business model.