Fourth Quarter of Fiscal Year 2026 Financial Highlights
- Total revenue was
US$24.3 million , representing a 20.8% decrease fromUS$30.7 million in the fourth quarter of fiscal year 2025. In-app purchases contributedUS$21.7 million , while advertising revenue reachedUS$2.6 million . - Total operating costs and expenses were
US$25.1 million , representing a 14.4% reduction fromUS$29.3 million in the fourth quarter of fiscal year 2025. - Net income was
US$0.9 million , representing a 38.2% decrease fromUS$1.5 million in the fourth quarter of fiscal year 2025.
Fourth Quarter of Fiscal Year 2026 Operating Highlights
in thousands, except percentages | For the Three Months Ended | |||||||
2026 | 2025 | |||||||
Average MAUs[1] | 2,710 | 3,404 | ||||||
Average DAUs[2] | 446 | 613 | ||||||
ARPDAU[3] | 0.577 | 0.517 | ||||||
Average DPUs[4] | 11 | 14 | ||||||
Average Daily Payer Conversion Rate[5] | 2.5 | % | 2.3 | % | ||||
Average 7D Retention Rate[6] | 8.4 | % | 9.7 | % | ||||
Fiscal Year 2026 Financial Highlights
- Total revenue was
US$104.7 million , representing an 11.4% decrease fromUS$118.0 million in fiscal year 2025. In-app purchases contributedUS$94.5 million , while advertising revenue reachedUS$10.2 million . - Total operating costs and expenses were
US$103.3 million , representing a 9.9% reduction fromUS$114.7 million in fiscal year 2025. - Net income was
US$3.9 million , representing a 0.8% increase fromUS$3.8 million in fiscal year 2025.
Fiscal Year 2026 Operating Highlights
in thousands, except percentages | For the Fiscal Years Ended | |||||||
2026 | 2025 | |||||||
Average MAUs[1] | 3,008 | 3,771 | ||||||
Average DAUs[2] | 509 | 693 | ||||||
ARPDAU[3] | 0.547 | 0.463 | ||||||
Average DPUs[4] | 12 | 15 | ||||||
Average Daily Payer Conversion Rate[5] | 2.4 | % | 2.2 | % | ||||
Average 7D Retention Rate[6] | 8.7 | % | 10.1 | % | ||||
[1] Average Monthly Active Users, or Average MAUs, is defined as the number of individual users who play a game during a particular month. |
Mr.
Fourth Quarter of Fiscal Year 2026 Unaudited Financial Results
Revenue
Total revenue was
Advertising costs decreased by 13.5% in the fourth quarter of fiscal year 2026 compared to the fourth quarter of fiscal year 2025, contributing to lower traffic volumes and new player acquisition, which weighed on top-line performance. In-app purchase revenue decreased 22.2% to
Operating Costs and Expenses
Total operating costs and expenses were
- Cost of revenue decreased by 17.4% to
US$12.0 million in the fourth quarter of fiscal year 2026, fromUS$14.5 million in the fourth quarter of fiscal year 2025. The decline was primarily driven by lower platform commission costs, as well as adjustments to developer profit-sharing arrangements as certain titles progress through their lifecycle. - Research and development expenses remained stable, increasing 0.8% to
US$1.5 million in the fourth quarter of fiscal year 2026, fromUS$1.4 million in the fourth quarter of fiscal year 2025. The modest increase reflects the Company's continued investment in previously initiated game development and related research and development initiatives. - Selling and marketing expenses decreased by 13.6% to
US$10.2 million in the fourth quarter of fiscal year 2026, fromUS$11.8 million in the fourth quarter of fiscal year 2025. The decrease was largely attributable to aUS$1.5 million reduction in advertising spend on player acquisition and retention, as the Company maintained a structured approach to reduce marketing investment amid uneven ad performance across major platforms, includingApple App Store and Google Play, through which the Company distributes games to game players or users, while continuing to optimize spend efficiency on mature titles. - General and administrative expenses were
US$1.4 million in the fourth quarter of fiscal year 2026, representing a decrease of 6.6% fromUS$1.5 million in the fourth quarter of fiscal year 2025. The decrease was primarily attributable to lower personnel costs resulting from a reduction in headcount, as well as enhanced operational efficiency driven by the increased adoption of artificial intelligence ("AI")-enabled tools across the Company's administrative functions.
Operating Income
Operating loss was
Other Income, Net
Other income, net, which mainly included the Company's investment income, interest income and expenses, non-operating income and expenses, and other income and expenses, was
Net Income
Net income was
Fiscal Year 2026 Unaudited Financial Results
Revenue
Total revenue was
Advertising costs decreased 15.8% year-over-year, including a significant reduction in advertising costs, which led to lower traffic and user acquisition volumes and impacted both revenue streams. In-app purchase revenue decreased 11.2% to
Operating Costs and Expenses
Total operating costs and expenses were
- Cost of revenue decreased by 11.4% to
US$49.5 million in the fiscal year 2026, fromUS$55.9 million in the prior fiscal year, reflecting lower platform commission costs, as well as adjustments to developer profit-sharing arrangements as certain titles progress through their lifecycle. - Research and development expenses increased 11.4% to
US$6.3 million in the fiscal year 2026, fromUS$5.7 million in the prior fiscal year, primarily reflecting the Company's continued investment in game development and related research and development initiatives. - Selling and marketing expenses decreased by 15.2% to
US$41.0 million in the fiscal year 2026, fromUS$48.4 million in the prior fiscal year. The decrease was largely attributable to aUS$7.3 million reduction in advertising spend on player acquisition and retention, as the Company maintained a structured approach to reduce marketing investment amid uneven ad performance across major platforms, includingApple App Store and Google Play, through which the Company distributes games to game players or users, while continuing to optimize spend efficiency on mature titles. - General and administrative expenses were
US$6.4 million in the fiscal year 2026, representing an increase of 36.5% fromUS$4.7 million in the prior fiscal year. The increase was primarily due to higher personnel costs associated with the continued build-out of the Company's public company infrastructure, including corporate governance and investor relations functions, as well as selective hiring to strengthen management capacity and key operational roles in support of the Company's expanding business. This increase was partially offset in the fourth quarter of the year by headcount reductions and enhanced operating efficiency resulting from the increased adoption of AI-enabled tools across the Company's administrative functions.
Operating Income
Operating income was
Other Income, Net
Other income, net, which mainly included the Company's investment income, interest income and expenses, non-operating income and expenses, and other income and expenses, was
Net Income
Net income was
Cash and Cash Equivalents
Cash and cash equivalents were
Business Outlook
For the first quarter of fiscal year 2027 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/10211296/104ac9496c0
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
Gamehaus Holdings Inc. is a technology-driven global mobile game publisher dedicated to bridging creative studios and players worldwide. With a portfolio spanning mid-core and casual games, Gamehaus delivers full-stack publishing support across market insights, user growth, live-ops, data analytics and monetization optimization. With a vision to be the go-to partner for creative teams, the Company specializes in combining global publishing reach with AI- and data-powered solutions to help partners build lasting success. As part of its strategic evolution, the Company intends to increasingly focus on AI-generated content to enable scalable content production across a broad ecosystem of creators and game developers. For more information, please visit https://ir.gamehaus.com.
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
Gamehaus Holdings Inc.
Investor Relations Team
Email: IR@Gamehaus.com
The Blueshirt Group
Mr. Jack Wang
Email: Gamehaus@TheBlueshirtGroup.co
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
(Amount in USD dollars, except for number of shares or otherwise noted) | ||||||||
As of | ||||||||
(Unaudited) | (Audited) | |||||||
ASSETS | ||||||||
CURRENT ASSETS: | ||||||||
Cash and cash equivalents | $ | 17,566,879 | $ | 15,234,745 | ||||
Restricted cash | 3,512 | - | ||||||
Short-term investments | 5,102,400 | 1,345,154 | ||||||
Accounts receivable | 8,042,595 | 10,423,418 | ||||||
Advanced to suppliers, current | 7,426,261 | 9,442,382 | ||||||
Prepaid expenses and other current assets | 4,287,243 | 3,128,788 | ||||||
TOTAL CURRENT ASSETS | 42,428,890 | 39,574,487 | ||||||
NON-CURRENT ASSETS: | ||||||||
Plant and equipment, net | 879,345 | 124,503 | ||||||
Intangible assets, net | 3,518,876 | 5,001,523 | ||||||
Right-of-use assets, net | 1,699,352 | 512,647 | ||||||
Long-term investments | 2,266,420 | 1,995,021 | ||||||
Other non-current assets | 4,347,772 | - | ||||||
TOTAL NON-CURRENT ASSETS | 12,711,765 | 7,633,694 | ||||||
TOTAL ASSETS | $ | 55,140,655 | $ | 47,208,181 | ||||
LIABILITIES | ||||||||
CURRENT LIABILITIES: | ||||||||
Short-term loans | $ | 764,281 | $ | - | ||||
Accounts payable | 11,435,530 | 10,752,234 | ||||||
Contract liabilities | 1,471,074 | 1,871,120 | ||||||
Accrued expenses and other current liabilities | 957,955 | 903,252 | ||||||
Lease liabilities | 279,825 | 463,064 | ||||||
Taxes payable | 44,920 | 51,599 | ||||||
TOTAL CURRENT LIABILITIES | 14,953,585 | 14,041,269 | ||||||
NON-CURRENT LIABILITY: | ||||||||
Lease liabilities | 1,532,181 | 58,517 | ||||||
TOTAL NON-CURRENT LIABILITY | 1,532,181 | 58,517 | ||||||
TOTAL LIABILITIES | $ | 16,485,766 | $ | 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 | 11,287,138 | 10,954,201 | ||||||
(599,999) | - | |||||||
Retained earnings | 27,825,836 | 23,543,001 | ||||||
Accumulated other comprehensive income (loss) | 683,791 | (1,276,222) | ||||||
TOTAL | 39,202,498 | 33,226,337 | ||||||
Non-controlling interests | (547,609) | (117,942) | ||||||
TOTAL SHAREHOLDERS' EQUITY | 38,654,889 | 33,108,395 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 55,140,655 | $ | 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 Fiscal Years Ended | ||||||||||||||||||||
2026 | 2025 | 2026 | 2025 | ||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||||||||||||||||||
REVENUE | $ | 24,334,525 | 30,717,232 | $ | 104,651,590 | $ | 118,048,882 | ||||||||||||||
OPERATING COST AND EXPENSES | |||||||||||||||||||||
Cost of revenue | (12,003,338) | (14,530,125) | (49,480,191) | (55,860,712) | |||||||||||||||||
Research and development expenses | (1,457,706) | (1,446,021) | (6,343,012) | (5,694,010) | |||||||||||||||||
Selling and marketing expenses | (10,186,038) | (11,791,798) | (41,020,636) | (48,393,515) | |||||||||||||||||
General and administrative expenses | (1,442,905) | (1,544,058) | (6,431,723) | (4,710,537) | |||||||||||||||||
OPERATING (LOSS) INCOME | $ | (755,462) | $ | 1,405,230 | $ | 1,376,028 | $ | 3,390,108 | |||||||||||||
OTHER INCOME (EXPENSES): | |||||||||||||||||||||
Investment income, net | 1,482,523 | 33,469 | 1,921,032 | 25,752 | |||||||||||||||||
Interest income | 97,165 | 102,109 | 543,365 | 529,773 | |||||||||||||||||
Other (expenses) income, net | (7,881) | (9,042) | 30,160 | 39,770 | |||||||||||||||||
Total other income, net | 1,571,807 | 126,536 | 2,494,557 | 595,295 | |||||||||||||||||
INCOME BEFORE INCOME TAXES | 816,345 | 1,531,766 | 3,870,585 | 3,985,403 | |||||||||||||||||
INCOME TAXES BENEFIT (EXPENSES) | 131,691 | 3,330 | (18,540) | (165,590) | |||||||||||||||||
NET INCOME | 948,036 | 1,535,096 | 3,852,045 | 3,819,813 | |||||||||||||||||
Less: net loss attributable to non-controlling interests | (244,155) | (79,226) | (430,790) | (141,718) | |||||||||||||||||
NET INCOME ATTRIBUTABLE TO | 1,192,191 | 1,614,322 | 4,282,835 | 3,961,531 | |||||||||||||||||
OTHER COMPREHENSIVE INCOME | |||||||||||||||||||||
Net income | 948,036 | 1,535,096 | 3,852,045 | 3,819,813 | |||||||||||||||||
Foreign currency translation adjustment, net of tax | 1,169,711 | 280,529 | 1,961,136 | 492,187 | |||||||||||||||||
TOTAL COMPREHENSIVE INCOME | $ | 2,117,747 | $ | 1,815,625 | $ | 5,813,181 | $ | 4,312,000 | |||||||||||||
Less: total comprehensive loss attributable to non-controlling interests | (296,943) | (79,094) | (429,667) | (145,978) | |||||||||||||||||
TOTAL COMPREHENSIVE INCOME | 2,414,690 | 1,894,719 | 6,242,848 | 4,457,978 | |||||||||||||||||
BASIC AND DILUTED EARNINGS PER SHARE: | |||||||||||||||||||||
Net income attributable to | |||||||||||||||||||||
Basic and diluted | $ | 0.02 | $ | 0.03 | $ | 0.08 | $ | 0.08 | |||||||||||||
Weighted average shares outstanding used in | |||||||||||||||||||||
Basic and diluted | 53,493,892 | 52,646,954 | 53,389,642 | 51,539,531 | |||||||||||||||||
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