Ten Square Games SA's Q2 2025 Earnings Call Highlights: New Game Launches, Revenue Growth, and Regulatory Challenges

Ten Square Games SA (FRA:1HQ) has launched new games like Wings of Heroes and Trophy Hunter, resulting in a 30% increase in revenue due to increased marketing expenses for Wings of Heroes. Trophy Hunter has had a strong debut, with early KPIs showing promising results and a 25% revenue contribution from advertisements. The company has implemented a new segmentation strategy, resulting in a 21% uplift in bookings for certain segments. Despite new game launches, the company has not yet concluded AB tests, delaying increased marketing expenditure for flagship titles.

Hewlett Packard (HPQ) reported third-quarter 2025 results on August 27, 2025, showcasing a 3% year-over-year revenue growth, a fifth consecutive positive quarter, and robust performance in personal systems and AI PC (AIPC) adoption. The company maintained profit margins within target ranges, accelerated supply chain diversification, and reaffirmed its full-year free cash flow and earnings guidance.

Key highlights include:
- Personal Systems Segment: This segment delivered a 6% year-over-year revenue gain and reached a 5.4% operating margin, returning to the guidance target range. Sequential revenue was up 10% and units climbed 13%, driven by robust commercial activity, higher average selling prices (ASPs), and strong back-to-school demand in North America and China.
- AIPC Adoption: Shipments of AI-capable PCs (AIPCs) have ramped to over 25% of HP’s PC mix, a full quarter ahead of plan, with double-digit sequential revenue growth in the segment. AIPC units command a 5%-10% ASP uplift compared to non-AIPC products.
- Supply Chain Transformation: HP completed a strategic migration of manufacturing for nearly all North American products from China to facilities in Vietnam, Thailand, Mexico, and the U.S., significantly reducing tariff exposure.

Management reiterated full-year free cash flow guidance of $2.6 billion to $3 billion and set a non-GAAP EPS target of $0.87 to $0.97 for the fiscal fourth quarter.

[1] https://www.nasdaq.com/articles/hp-reports-3-percent-revenue-growth