Second Quarter of Fiscal Year 2026 Financial Highlights
- Total revenue was
US$26.3 million , representing a 7.8% decrease fromUS$28.5 million in the second quarter of fiscal year 2025. In-app purchases contributedUS$23.9 million , while advertising revenue reachedUS$2.4 million . - Total operating costs and expenses were
US$25.4 million , representing a 10.1% reduction fromUS$28.3 million in the second quarter of fiscal year 2025. - Net income was
US$0.9 million , representing a 151.2% increase fromUS$0.4 million in the second quarter of fiscal year 2025.
Second Quarter of Fiscal Year 2026 Operating Highlights
in thousands, except percentages | For the Three Months Ended | |||||||
2025 | 2024 | |||||||
Average MAUs[1] | 2,760 | 3,832 | ||||||
Average DAUs[2] | 499 | 716 | ||||||
ARPDAU[3] | 0.566 | 0.440 | ||||||
Average DPUs[4] | 13 | 15 | ||||||
Average Daily Payer Conversion Rate[5] | 2.5 | % | 2.1 | % | ||||
Average 7D Retention Rate[6] | 8.7 | % | 10.2 | % | ||||
[1] Average Monthly Active Users, or Average MAUs, is defined as the number of individual users who play a game during a particular month. |
[2] Average Daily Active Users, or Average DAUs, is defined as the number of individual users who play a game on a particular day. |
[3] Average Revenue Per Daily Active User, or ARPDAU, is calculated by dividing revenue generated during a specific period by the Average DAU for that period, then further dividing by the number of days in the period. |
[4] Average Daily Paying Users, or Average DPUs, is defined as the number of individuals who made a purchase in a game during a particular day. |
[5] Average Daily Payer Conversion Rate is calculated by dividing Average DPUs for a specific period by the Average DAUs for that period. |
[6] Average Day Seven Retention Rate is calculated by dividing the number of new users who continue using the app on the seventh day after installation for a specific period by the total number of new users for that period. |
Mr.
Second Quarter of Fiscal Year 2026 Unaudited Financial Results
Revenue
Total revenue was
Advertising costs decreased by 18.9% in the second quarter of fiscal year 2026 compared to the second quarter of fiscal year 2025, resulted in reduced traffic and user acquisition, which in turn affected revenue performance. In-app purchase revenue decreased 6.4% to
Additionally, the Company is actively expanding its pipeline of games, with new titles in the Puzzle and RPG genres currently in the development and testing phase. The Company strategically allocated marketing budgets to support these products and intends to launch extensive promotional campaigns upon their commercial release.
Operating Costs and Expenses
Total operating costs and expenses were
- Cost of revenue decreased by 10.2% to
US$12.2 million in the second quarter of fiscal year 2026, fromUS$13.5 million in the second quarter of fiscal year 2025. The decrease was primarily due to lower platform fees and reduced profit-sharing payments to game developers. - Research and development expenses increased 7.5% to
US$2.1 million in the second quarter of fiscal year 2026, fromUS$2.0 million in the second quarter of fiscal year 2025. The increase was mainly attributable to the Company's strategic collaborations with multiple developers throughout the development and testing phases. - Selling and marketing expenses decreased by 18.4% to
US$9.7 million in the second quarter of fiscal year 2026, fromUS$11.9 million in the second quarter of fiscal year 2025. The reduction was primarily driven by aUS$2.1 million decline in advertising costs related to player acquisition and retention, consistent with the Company's strategy to scale back promotional spending amid volatile ad performance across major platforms and to optimize efficiency for mature titles. - General and administrative expenses were
US$1.4 million in the second quarter of fiscal year 2026, representing an increase of 65.5% fromUS$0.9 million in the second quarter of fiscal year 2025. The increase was primarily attributable to higher salary expenses primarily associated with the Company's efforts to improvecorporate governance, financial reporting, and investor relations capabilities as a public company, as well as the strengthening of the management team and key functional roles as part of its strategic workforce planning to support business expansion and long-term growth.
Operating Income
Operating income was
Other Income, Net
Other income, net, which mainly included the Company's non-operating income and expenses, interest income and expenses, investment income (loss), and other income and expenses, was
Net Income
Net income was
Cash and Cash Equivalents
Cash and cash equivalents were
Business Outlook
For the third quarter of fiscal year 2026 ending
Share Repurchase Plan Update
In
As of
Conference Call Information
The management team of Gamehaus will host a conference call at
Participant Online Registration: https://dpregister.com/sreg/10207119/10368ff0a4d
A live and archived webcast of the conference call will be available on the Company's Investor Relations website at https://ir.gamehaus.com/.
About Gamehaus
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may", or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results due to various risks and uncertainties, including but not limited to those described under the "Risk Factors" section in the Company's annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.
Investor Relations Contact
Investor Relations Team
Email: IR@Gamehaus.com
Mr.
Email: Gamehaus@TheBlueshirtGroup.co
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
(Amount in USD dollars, except for number of shares or otherwise noted) | ||||||||
As of | ||||||||
2025 | 2025 | |||||||
(Unaudited) | (Audited) | |||||||
ASSETS | ||||||||
CURRENT ASSETS: | ||||||||
Cash and cash equivalents | $ | 17,355,214 | $ | 15,234,745 | ||||
Short-term investments | 2,609,549 | 1,345,154 | ||||||
Accounts receivable | 9,876,025 | 10,423,418 | ||||||
Advanced to suppliers | 9,737,823 | 9,442,382 | ||||||
Prepaid expenses and other current assets | 3,599,492 | 3,128,788 | ||||||
TOTAL CURRENT ASSETS | 43,178,103 | 39,574,487 | ||||||
NON-CURRENT ASSETS: | ||||||||
Plant and equipment, net | 142,139 | 124,503 | ||||||
Intangible assets, net | 4,619,603 | 5,001,523 | ||||||
Right-of-use assets, net | 332,610 | 512,647 | ||||||
Equity investments | 1,951,542 | 1,995,021 | ||||||
TOTAL NON-CURRENT ASSETS | 7,045,894 | 7,633,694 | ||||||
TOTAL ASSETS | $ | 50,223,997 | $ | 47,208,181 | ||||
LIABILITIES | ||||||||
CURRENT LIABILITIES: | ||||||||
Short-term borrowing | $ | 286,000 | $ | - | ||||
Accounts payable | 10,112,213 | 10,752,234 | ||||||
Contract liabilities | 1,711,540 | 1,871,120 | ||||||
Accrued expenses and other current liabilities | 1,473,620 | 903,252 | ||||||
Lease liabilities | 262,856 | 463,064 | ||||||
Taxes payable | 75,570 | 51,599 | ||||||
TOTAL CURRENT LIABILITIES | 13,921,799 | 14,041,269 | ||||||
NON-CURRENT LIABILITY: | ||||||||
Lease liabilities | 33,090 | 58,517 | ||||||
TOTAL NON-CURRENT LIABILITY | 33,090 | 58,517 | ||||||
TOTAL LIABILITIES | $ | 13,954,889 | $ | 14,099,786 | ||||
SHAREHOLDERS' EQUITY: | ||||||||
Class A ordinary shares (par value of | 4,952 | 3,797 | ||||||
Class B ordinary shares (par value of | 780 | 1,560 | ||||||
Additional paid-in capital | 10,953,826 | 10,954,201 | ||||||
Treasury Stock | (458,738) | - | ||||||
Retained earnings | 26,435,808 | 23,543,001 | ||||||
Accumulated other comprehensive loss | (423,266) | (1,276,222) | ||||||
TOTAL GAMEHAUS HOLDING INC'S SHAREHOLDERS' | 36,513,362 | 33,226,337 | ||||||
Non-controlling interests | (244,254) | (117,942) | ||||||
TOTAL SHAREHOLDERS' EQUITY | 36,269,108 | 33,108,395 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 50,223,997 | $ | 47,208,181 | ||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||||||||
AND COMPREHENSIVE INCOME | |||||||||||||||||||||
(Amount in USD dollars, except for number of shares or otherwise noted) | |||||||||||||||||||||
For the Three Months Ended | For the | ||||||||||||||||||||
2025 | 2024 | 2025 | 2024 | ||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||
REVENUE | $ | 26,295,028 | 28,518,928 | $ | 54,033,904 | $ | 58,488,446 | ||||||||||||||
OPERATING COST AND EXPENSES | |||||||||||||||||||||
Cost of revenue | (12,155,827) | (13,542,268) | (25,438,752) | (27,565,976) | |||||||||||||||||
Research and development expenses | (2,131,820) | (1,983,658) | (3,311,498) | (2,985,550) | |||||||||||||||||
Selling and marketing expenses | (9,728,443) | (11,914,898) | (20,570,983) | (24,450,883) | |||||||||||||||||
General and administrative expenses | (1,408,092) | (850,824) | (2,841,247) | (1,763,336) | |||||||||||||||||
OPERATING INCOME | $ | 870,846 | $ | 227,280 | $ | 1,871,424 | $ | 1,722,701 | |||||||||||||
OTHER INCOME (EXPENSES): | |||||||||||||||||||||
Investment income (loss), net | (122,761) | 24,668 | 557,325 | 5,225 | |||||||||||||||||
Interest income | 160,652 | 124,896 | 335,284 | 279,386 | |||||||||||||||||
Other income, net | 32,755 | 65,102 | 40,399 | 52,161 | |||||||||||||||||
Total other income, net | 70,646 | 214,666 | 933,008 | 336,772 | |||||||||||||||||
INCOME BEFORE INCOME TAXES | 941,492 | 441,946 | 2,804,432 | 2,059,473 | |||||||||||||||||
INCOME TAXES EXPENSES | (25,792) | (77,406) | (38,270) | (128,236) | |||||||||||||||||
NET INCOME | 915,700 | 364,540 | 2,766,162 | 1,931,237 | |||||||||||||||||
Less: net loss attributable to non-controlling interests | (63,206) | (38,950) | (126,645) | (29,502) | |||||||||||||||||
NET INCOME ATTRIBUTABLE TO | 978,906 | 403,490 | 2,892,807 | 1,960,739 | |||||||||||||||||
OTHER COMPREHENSIVE INCOME | |||||||||||||||||||||
Net income | 915,700 | 364,540 | 2,766,162 | 1,931,237 | |||||||||||||||||
Foreign currency translation adjustment, net of tax | 1,172,520 | 1,428,152 | 853,289 | (180,335) | |||||||||||||||||
TOTAL COMPREHENSIVE INCOME | $ | 2,088,220 | $ | 1,792,692 | $ | 3,619,451 | $ | 1,750,902 | |||||||||||||
Less: total comprehensive loss attributable to non- | (62,927) | (38,304) | (126,312) | (28,495) | |||||||||||||||||
TOTAL COMPREHENSIVE INCOME | 2,151,147 | 1,830,996 | 3,745,763 | 1,779,397 | |||||||||||||||||
BASIC AND DILUTED EARNINGS PER | |||||||||||||||||||||
Net income attributable to | |||||||||||||||||||||
Basic and diluted | $ | 0.02 | $ | 0.01 | $ | 0.05 | $ | 0.04 | |||||||||||||
Weighted average shares outstanding used in | |||||||||||||||||||||
Basic and diluted | $ | 53,310,709 | $ | 50,000,000 | $ | 53,437,778 | $ | 50,000,000 | |||||||||||||
* Presented on a retroactive basis to reflect the reverse recapitalization. |
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