Scout Gaming Group records 69 Q2 revenue drop amid existential decisions

Scout Gaming’s revenue fell by 69% for Q2, a widening year-on-year decrease when compared to the first quarter

Scout Gaming’s revenue strike down past 69% for Q2, a broadening year-on-year reduction when compared to the number 1 quarter.

In total, the companionship generated SEK 4.3m ($407,856) inwards indorse billet revenue, to a lesser extent than half of what Scout produced for both the prior-year period and previous quarter, when it recorded SEK 13.9m and SEK 12m respectively.

This in turn farther wedged the company’s profitability. While Scout recorded a deprivation of almost SEK 17m for Q2 of 2021, this has since widened to SEK 27m.

These results amount amid a major restructuring programme. In belatedly June, the companion said it would guarantee an “extensive change,” including a “significant reduction inward the list of employees and consultants.”

More specifically, Scout is sounding to repose turned to a greater extent than half of its full-time workforce as part of a broader elbow grease to wee cost savings.

However, the company’s playacting CEO, Niklas Jönsson, who was announced as Andreas Ternström’s temporary replacing inward betimes June, said the total personal effects of Scout’s reorganisation testament not be realised until Q4.

“The restructuring programme which was launched during the s quarter to handle the challenges supra has already presumption gist and good realisation of the effects testament live seen inward the fourth quarter,” he said,

On a half-year basis, Scout produced a number revenue of SEK 16.3m, down pat(p) year-on-year from SEK 27.3m. Meanwhile, the company’s loss for H1 widened, going from SEK 26m to SEK 47m.

Nevertheless, Jönsson remained optimistic, though he acknowledged on that point is often work on required to return Scout to growth. He concluded: “I seem send on to the hereafter of Scout with several promising projects and integrations aimed at increased growth.

“However, it testament regard a lot of work, continued streamlining and razor-sharp focal point from all of us inward the organisation to realise our plan.”