Trophy Games Development (CPH:TGAMES) Reports Record Q3 Revenue

Copenhagen, DK — October 30, 2025 — Leads & Copy — Trophy Games Development reports a strong Q3 2025, with revenue up 62% YoY to DKK 40.2m and EBITDA up 57% YoY to DKK 7.7m.

Total installs increased by 68% YoY to 10.2m, with unique paying users (UPU) up 92% YoY to 250,764. Total payments also saw a significant increase, up 94% YoY to 643,539.

Year-to-date figures also show growth, with revenue up 22% YoY to DKK 85.5m and total installs up 94% YoY to 27.1m. The company is expanding its publishing portfolio with “The Ranchers,” with plans for a demo release, Steam Next Fest participation, and Early Access launch.

Ad revenue for Q3 2025 reached DKK 4.3m, driving an increase in the company’s 2025 guidance. Pre-production has started on a new Train Manager game.

Søren Gleie, CEO, can be reached at soren@trophy-games.com or (+45) 7172 7573.

Source: Trophy Games Development

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