High Roller Reports Q3 2025 Results Las Vegas, Nevada, November 11, 2025 High Roller Technologies ("High Roller" and the "Company") (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller, Fruta and Kassuuu, today reported its financial results for the third quarter ended September 30, 2025. High Roller currently offers more than 6,000 games from over 90 game providers, representing one of the widest online casino game portfolios in the world, including video slots, blackjack, ...

Core Insights - High Roller Technologies has appointed Jake Francis as the new Chief Operating Officer, effective immediately, replacing Emily Micallef who will transition to an advisory role [1][2] - Jake Francis brings nearly two decades of experience in technical, regulatory, and operational roles within the gaming industry, having previously worked at BlueBet, Penn Entertainment, and Hard Rock [2][3] - The company operates premium online casino brands including High Roller, Fruta, and Kassuuu, and is recognized for its innovative approach in the rapidly expanding multi-billion dollar iGaming industry [4][5] Company Overview - High Roller Technologies is a leading global online gaming operator, listed on the NYSE under the ticker ROLR, offering a user-friendly real-money online casino platform [4] - The company features a diverse portfolio of over 6,000 premium games from more than 90 leading game providers, enhancing the gaming experience for a global customer base [4] - High Roller Technologies emphasizes innovation, performance, and a commitment to excellence, aiming to redefine the future of online gaming [5]

Financial Performance - For the three months ended September 30, 2025, the company reported revenues of $6.281 million, a decrease from $7.516 million in the same period of 2024, representing a decline of approximately 16.5%[142] - The net income for the three months ended September 30, 2025, was $3.667 million, compared to a net loss of $501,000 in the same period of 2024, indicating a significant turnaround[144] - The average revenue per user for the three months ended September 30, 2025, was $242, down from $279 in the same period of 2024, reflecting a decrease of about 13.3%[138] - The company had 21,800 active users during the three months ended September 30, 2025, compared to 25,326 active users in the same period of 2024, a decline of approximately 13.9%[138] - Adjusted EBITDA for the three months ended September 30, 2025, was $622,000, a significant increase from $40,000 in the same period of 2024[144] - Revenue for the nine months ended September 30, 2025, increased by $162 thousand or 0.8% to approximately $20.0 million, compared to $19.8 million for the same period in 2024[152] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(1,539) thousand, compared to $(1,675) thousand for the same period in 2024, reflecting a slight improvement[150] - Net gaming revenue decreased by $2.6 million or 14.3% to $15.8 million during the nine months ended September 30, 2025, primarily due to exits from multiple markets, including Norway[153] - Non-core services revenue increased by $2.8 million or 210.2% to $4.1 million during the nine months ended September 30, 2025, driven by optimized marketing efforts[154] - Adjusted earnings per share for the nine months ended September 30, 2025, was $(0.18), compared to $(0.24) for the same period in 2024[150] Expenses and Costs - The total operating expenses for the three months ended September 30, 2025, were $6.201 million, down from $7.990 million in the same period of 2024, a reduction of approximately 22.3%[143] - Direct operating costs decreased by $710 thousand or 27.6% to $1.9 million for the nine months ended September 30, 2025, due to a shift in marketing strategy[159] - General and administrative expenses increased to $7.6 million for the nine months ended September 30, 2025, compared to $7.3 million for the same period in 2024, mainly due to higher stock-based compensation[165] - Total advertising and promotion expenses increased to $6.6 million for the nine months ended September 30, 2025, compared to $5.2 million for the same period in 2024, reflecting increased marketing spend[172] - Product and software development expenses increased by $532 thousand or 98.3% to $1.1 million for the nine months ended September 30, 2025, as the company utilized its internal software development team[178] Cash Flow and Financial Position - Net cash used in operating activities increased to $4.5 million for the nine months ended September 30, 2025, from net cash provided by operations of $1.4 million in the same period of 2024, primarily due to increased marketing spend[197] - As of September 30, 2025, the company had $2.7 million in cash and cash equivalents, down from $6.9 million as of December 31, 2024[193][194] - The accumulated deficit as of September 30, 2025, was $27.3 million, compared to $27.1 million as of December 31, 2024[193][194] - Interest expense for the nine months ended September 30, 2025, was $154 thousand, up from $77 thousand for the same period in 2024, primarily due to non-cash interest related to domain purchase liability[183] - The company reported negative working capital of $4.8 million as of September 30, 2025, compared to negative working capital of $1.4 million as of December 31, 2024[193][194] Strategic Initiatives - The company soft launched its second active brand, Fruta.com, in December 2023, with plans for a full launch in February 2024[132] - The company expects to enter regulated North American markets by the end of 2026, aiming to expand its geographical presence[131] - The company operates a multi-brand strategy, leveraging existing resources to launch new brands and access new target demographics[132] Auditor and Compliance - The independent auditor expressed substantial doubt about the company's ability to continue as a going concern, highlighting the need for additional financing to meet obligations[195] - The company is classified as an "emerging growth company" under the JOBS Act and has elected to take advantage of the extended transition period for compliance with new accounting standards[218] - Management does not anticipate that recently issued accounting guidance will materially impact financial statement presentation or disclosures[217] - The company is not required to provide quantitative and qualitative disclosures about market risk as a smaller reporting company[219] - ASC 740 clarifies the accounting for uncertainty in income taxes and prescribes a recognition threshold for tax positions[215]

●Q3 2025 revenue of $6.3 million, revenue of approximately $20.0 million the nine months ended September 30, 2025, a slight increase YoY ●Company increased gross margins, lowered operating expenses, and positive Adjusted EBITDA of $622 thousand ●High Roller achieved its first ever quarterly profit as a public company Las Vegas, Nevada, Nov. 11, 2025 (GLOBE NEWSWIRE) -- High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands Hig ...

Company Overview - High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, including High Roller, Fruta, and Kassuuu, listed under the ticker ROLR on the NYSE [3] - The company offers a cutting-edge real-money online casino platform with over 6,000 premium games from more than 90 leading game providers, serving a global customer base [3] - High Roller Technologies emphasizes enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability in its offerings [3] Upcoming Events - Management will participate in the Spartan Capital Investor Conference 2025 on November 3rd, 2025, at the Marriott Marquis Hotel, New York, NY [1] - CEO Seth Young will deliver a company overview during the presentation, highlighting recent milestones, strategic achievements, and key upcoming developments [2] - One-on-one meetings will be available throughout the conference to discuss the company's growth initiatives and outlook in greater detail [2]

Core Viewpoint - High Roller Technologies will host a conference call on November 11, 2025, to discuss its third quarter 2025 financial results and business updates [1][3]. Company Overview - High Roller Technologies, Inc. is a leading global online gaming operator, known for its premium online casino brands: High Roller, Fruta, and Kassuuu, listed under the ticker ROLR on the NYSE [4]. - The company offers a real-money online casino platform featuring over 6,000 premium games from more than 90 game providers, catering to a global customer base [4]. - High Roller Technologies emphasizes innovation, performance, and a commitment to excellence in the rapidly expanding multi-billion iGaming industry [5]. Conference Call Details - The conference call will be led by Seth Young, CEO, and Adam Felman, CFO, who will review the financial results for the third quarter ended September 30, 2025, and discuss key corporate developments and strategic initiatives [3]. - A Q&A session will follow the prepared remarks to address participant questions [3]. Contact Information - For further inquiries, the company can be contacted via email at ir@highroller.com or by phone at 800-460-1039 [7].

Core Insights - High Roller Technologies will participate in the 2025 ThinkEquity conference on October 30, 2025, in New York City, where CEO Seth Young will present the company's vision and strategic direction [1][2] Company Overview - High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, including High Roller, Fruta, and Kassuuu, and is listed on the NYSE under the ticker ROLR [3] - The company offers a real-money online casino platform featuring over 6,000 premium games from more than 90 leading game providers, catering to a global customer base in the rapidly expanding multi-billion iGaming industry [3] - High Roller Technologies emphasizes enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability in its offerings [3] Recognition and Leadership - CEO Seth Young was recently recognized as one of the Top 100 Most Influential Figures in the U.S. iGaming Industry by Game Masters 2025 [2]

Core Insights - High Roller Technologies has launched a new online casino brand named Kassuuu, specifically targeting the Finnish market [1][4] - The brand name Kassuuu is derived from Finnish slang, with "Kassu" meaning casino and "KASSUUU!" representing a celebratory cheer for winning [2][3] - Kassuuu aims to provide a player-first entertainment experience by emphasizing responsible gaming, clear communication, and localized cultural elements [3][4] Company Overview - High Roller Technologies operates multiple online casino brands, including High Roller, Fruta, and Kassuuu, and is listed on the NYSE under the ticker ROLR [4] - The company offers a comprehensive online gaming platform featuring over 6,000 premium games from more than 90 providers, catering to a global audience [4] - High Roller Technologies is recognized for its innovative approach and commitment to excellence in the rapidly growing multi-billion iGaming industry [5] Unique Features of Kassuuu - Kassuuu incorporates Finnish language and humor into its branding, enhancing local engagement [7] - The platform features a story-driven promotional strategy with recurring characters to create a rhythm for offers [7] - Kassuuu emphasizes trusted payment solutions that are fast, secure, and familiar to local users [7] - The brand promotes a premium positioning strategy, focusing on "everyday luxury" for VIP and player rewards [7] - Responsible gaming is a core principle, with transparent terms, visible limits, and accessible support [7]

Leadership Transition - High Roller Technologies has announced the appointment of Seth Young as the new CEO, effective September 1st, succeeding Ben Clemes [1][2] - Ben Clemes, who has been CEO since 2024, is stepping down to spend more time with his family, leaving the company well-positioned for future growth [2][3] - Seth Young, previously the Chief Strategy Officer, has over 20 years of experience in the gaming industry and is recognized for his vision and leadership [3][5] Company Performance and Future Outlook - Under Clemes' leadership, High Roller achieved significant accomplishments and is positioned for continued growth [2][4] - Young expressed gratitude for Clemes' contributions and aims to build on the foundation established during his tenure to drive future growth and value for stakeholders [4][5] Company Overview - High Roller Technologies operates premium online casino brands, including High Roller and Fruta, and is listed on the NYSE under the ticker ROLR [7] - The company offers a user-friendly online casino platform with over 6,000 games from more than 90 providers, catering to a global customer base in the expanding iGaming industry [7] - High Roller is recognized for its innovative approach and commitment to excellence in online gaming [8]

Core Points - High Roller Technologies has had its plan to regain compliance with NYSE American's continued listing standards accepted, allowing it to remain listed during the plan period until December 4, 2026 [1][4][5] - The company was previously notified of non-compliance due to stockholders' equity of approximately $2.8 million and reported losses in three of the last four fiscal years [2][3] - The company submitted a compliance plan by the required deadline, which has been accepted by NYSE American, and it will be subject to periodic monitoring during the plan period [3][4] Company Overview - High Roller Technologies operates premium online casino brands, including High Roller and Fruta, and is recognized for its innovative gaming platform [1][7] - The company offers over 5,600 premium games from more than 90 leading game providers, catering to a global customer base in the multi-billion iGaming industry [7] - High Roller Technologies emphasizes enhanced user experience through advanced technology, including machine learning and superior scalability [7][8]