Leaf Mobile experiences record Q1 FY21 with revenue hitting $25 million

East Side Games deal provides boost

Leaf Mobile experiences record Q1 FY21 with revenue hitting $25 million

Canada F2P gaming outfit Leaf Mobile (TSX: LEAF) announced its financial results for Q1 FY21.

Revenue was up 95 per cent year-on-year or 10 percent quarter-on-quarter to $25 million.

Adjusted EBITDA was $3 million compared to a loss of $1.4 million in Q4 2020. 

Leaf Mobile acquired East Side Gaming in February 2021 for $159 million, and so this quarter's financial performance is the first to reflect the acquisition, albeit partially. 

Off we go

“We are off to an excellent start in 2021 with record Q1 results for LEAF, doubling quarterly revenue over the previous year," commented CEO Darcy Taylor.

During the quarter, Leaf closed a public offering, raising $23 million.

It's also in the process of acquiring Vancouver-based Truly Social Games, and has announced publishing partnerships with Night Garden Studios, Bigfoot Gaming, Mighty Kingdom Games, TinyRex Games, and Game Masons.

Staff Writer

Grew up playing Super Mario, Contra, etcetera just like other 90s kids and now he is totally into Mobile Gaming. He has been following the gaming industry since his childhood. Tousif holds a bachelors degree in English and a masters degree in Business Administration. Other than gaming, he is interested in Photography, an ardent fan of Real Madrid, and a big follower of ColdPlay.