High Roller Reports Q2 2025 Results

Core Viewpoint - High Roller Technologies reported a solid second quarter in 2025, achieving positive adjusted EBITDA and increased revenue due to strategic realignment and cost efficiencies [2][5]. Financial Performance - The company reported total revenue of $6.9 million for Q2 2025, a 20% increase year-over-year from $5.8 million in Q2 2024 [4][7]. - For the first half of 2025, revenue reached $13.7 million, an 11% increase from $12.3 million in the same period of 2024 [5]. - Adjusted EBITDA for Q2 2025 was $362 thousand, a significant turnaround from an adjusted EBITDA loss of $931 thousand in Q2 2024 and a loss of approximately $2.5 million in Q1 2025 [12][21]. - The average revenue per user (ARPU) increased approximately 80% quarter-over-quarter [6]. Strategic Initiatives - The company is preparing to launch in Ontario, which is expected to be transformative, supported by a partnership with SpikeUp Media [3]. - High Roller Technologies has strengthened its leadership team with key hires, including a new Chief Legal & Compliance Officer and Chief Financial Officer [3][6]. - A strategic technology partnership with Playtech has been announced to facilitate entry into Ontario's regulated online casino market, with a launch anticipated in H2 2025 [6]. Market Position and Growth - High Roller Technologies offers over 5,600 games from more than 90 providers, positioning itself as a leading global online gaming operator [9]. - The company has initiated a brand refresh for its casino brands, High Roller and Fruta, in anticipation of market expansion [6]. - The company reported a 65% year-over-year increase in net gaming revenue in Finland, indicating strong market performance [6].