Nitro Games said its first-quarter revenue reached 1.50 million euros, missing the analyst consensus of 2.20 million euros and representing a decline from the comparable quarter a year earlier. Despite the top-line shortfall, the company remained in the black for the period.
For Q1 the developer reported net income of 77,000 euros. Operating profit, measured as EBIT, was 103,000 euros while EBITDA came in at 431,000 euros. The company noted that both EBITDA and operating profit were slightly above the prior-year period even though sales fell.
Management attributed the maintained profitability to improved operational efficiency and active cost control measures that counterbalanced the impact of lower sales during the quarter. Those measures, the company said, helped protect margins and allowed Nitro to report a positive bottom line despite weakened revenue.
Operationally, the company announced changes to its management team during the quarter and disclosed new partnership arrangements. The statement also noted a material financing development after the quarter closed: a 1.6 million euro loan was waived.
Looking ahead, Nitro Games confirmed plans to release new titles in partnership with Ethereal Gaming during 2026. The company did not provide additional financial guidance in the statement included with the quarter results.
Below are the key reported financials for the quarter:
- Revenue: 1.50 million euros (analyst estimate: 2.20 million euros)
- Net income: 77,000 euros
- EBIT: 103,000 euros
- EBITDA: 431,000 euros
Nitro Games highlighted that EBITDA and operating profit were modestly higher than in the year-ago quarter, even as topline receipts declined. The company emphasized that efficiency improvements and cost discipline were central to preserving profitability during this period.