G5 Entertainment

video game developer

G5 Entertainment Group (also known as G5 Games) is a developer and publisher of free-to-play adventure and puzzle games such as hidden objects,[7] mahjong[7] and match 3 games.[8][9][10][11] It was founded in 2001 by Vlad Suglobov, Alexander Tabunov and Sergey Shultz. The company headquarters is located in Stockholm, Sweden.[12][13]

G5 Entertainment Group
Company typePublic company
Nasdaq Nordic: G5EN
ISINSE 0001824004
IndustryMobile games
Founded2001; 23 years ago (2001)
Key people
Vlad Suglobov[1][2]
(CEO and co-founder)
Stefan Wikstrand[3]
Alexander Tabunov[4]
(COO and co-founder)
Petter Nylander
(Chairman of the Board)
RevenueSEK 1,316 million[5] (2021)
Number of employees
961[6] (2022)

As of the end of 2022, the group had 961 employees in Sweden,[9] Malta,[9] United States,[14] Ukraine, Armenia, Bulgaria, Cyprus, Georgia, Montenegro and Kazakhstan.[13][15][16][17][18]



G5 Entertainment was founded in 2001.[9][12]

In 2006, the group started developing PC games and then went on to release mobile games such as Supermarket Mania[16] and Virtual City.[16] The games were later launched on the Apple App Store.[1] Developed by the company, Mahjong Artifacts, was eventually adapted into a free game called Mahjong Journey.[19]

In 2011, G5 released its first free mobile game, Virtual City Playground.[16] And in 2013, after the release of Virtual City Playground, the group decided to focus only on free games.[16]

G5 Entertainment became the first developer of games for mobile phones in the CIS, as well as the first gaming company from the CIS to conduct an IPO.[20]

In 2022, G5 Entertainment opened its offices in Armenia, Bulgaria, Cyprus, Georgia, Montenegro and Kazakhstan.[13][15][17]

Games published by G5 Entertainment include: Hidden City:[1][9][21] Hidden Object & Mystery Games, Sherlock: Hidden Match-3 Cases,[13] Jewels of Rome,[22][13] Jewels of the Wild West,[18] Mahjong Journey[18] and The Secret Society.[1][9]

IPO and trading history


In October 2006, G5 Entertainment AB listed its shares on the Nordic MTF in Stockholm under the trading symbol G5EN.[16]

In 2008, trading in G5 shares was moved from NGM Nordic MTF to Aktietorget (now renamed Spotlight Stock Market) in Stockholm. In 2013, the company listed the company's shares on the Nasdaq Stockholm Main Market. G5 Entertainment shares have been listed on Nasdaq Stockholm's Main Market under the symbol G5EN.ST since 2014.[23][24] In August 2019, the company started trading on OTCQX Market in New York under the symbol GENTF.[25] In 2020, G5 had the second largest gain among the 365 members of the OMX Stockholm Index.[10]


  1. 1.0 1.1 1.2 1.3 Levander, Margaretha (12 November 2021). "Kodaren från Sovjet". Affärsvärlden (in Swedish). Retrieved 21 April 2023.
  2. Lundberg, Madeleine (16 February 2018). "G5:s vd: "Vi måste vara aggressiva"". Affärsvärlden (in Swedish). Retrieved 21 April 2023.
  3. "Stefan Wikstrand, G5 Entertainment AB: Profile and Biography". Bloomberg News. Retrieved 22 April 2023.
  4. "Alexander Tabunov G5 Entertainment AB: Profile and Biography". Bloomberg News. Retrieved 22 April 2023.
  5. Zetterberg, Daniel (22 November 2021). "Bra fart i mobilspelbolaget G5". Svenska Dagbladet (in Swedish). Retrieved 21 April 2023.
  6. "Interim Report Q1 2023" (PDF). Retrieved 10 May 2023.
  7. 7.0 7.1 Benson, Peter (4 January 2017). "Spekulativt läge i G5 Entertainment". Svenska Dagbladet (in Swedish). Retrieved 21 April 2023.
  8. "About G5 Entertainment". Reuters. Retrieved 21 April 2023.
  9. 9.0 9.1 9.2 9.3 9.4 9.5 Zetterberg, Daniel (21 February 2018). "G5 lägger i sjätte växeln". Svenska Dagbladet (in Swedish). Retrieved 21 April 2023.
  10. 10.0 10.1 Hoikkala, Hanna; Wilen, Anton (21 December 2020). "Sweden Gaming Stocks Crowned Lockdown Winners, With More to Come". Bloomberg News. Retrieved 22 April 2023.
  11. Kaser, Rachel (24 February 2022). "Ukraine's gaming community responds to outbreak of conflict". VentureBeat. Retrieved 22 April 2023.
  12. 12.0 12.1 Levander, Margaretha (2021-11-12). "Kodaren från Sovjet - G5 Entertainments VD Vlad Suglobov om framtiden". Affärsvärlden (in Swedish). Retrieved 2023-10-16.
  13. 13.0 13.1 13.2 13.3 13.4 Ekblom, Jonas (22 June 2022). "Swedish Gaming Firm Upended by War Opens New Hubs in Europe". Bloomberg News. Retrieved 21 April 2023.
  14. "Vlad Suglobov: "Instead of banning our games in Russia, I'd rather use the money to help Ukraine"". Affärsvärlden. 7 March 2022. Retrieved 21 April 2023.
  15. 15.0 15.1 "G5 Entertainments resultat belastas av ökade Ryssland-kostnader". Dagens industri (in Swedish). 5 May 2022. Retrieved 24 April 2023.
  16. 16.0 16.1 16.2 16.3 16.4 16.5 Babaev, Sergey (11 July 2016). "«Если есть что-то постоянное в игровой индустрии, то это непрерывное изменение условий работы»". The Daily Telefrag (in Russian). Retrieved 21 April 2023.
  17. 17.0 17.1 "G5 Games Opened an Office in Georgia". Forbes (Georgia). 9 February 2023. Retrieved 22 April 2023.
  18. 18.0 18.1 18.2 "G5 Entertainment Group: Interim Report January – June 2021". Business Wire. 11 August 2021. Retrieved 21 April 2023.
  19. "G5 Entertainment AB (publ)". Yahoo! Finance. Retrieved 22 April 2023.
  20. "Мы раздали сотрудникам акции геймдев-компании G5 Entertainment AB на $5 млн". MC.today (in Russian). 7 July 2021. Retrieved 21 April 2023.
  21. Zetterberg, Daniel (6 November 2018). "G5 Entertainment: Göm och glöm". Affärsvärlden (in Swedish). Retrieved 21 April 2023.
  22. Zetterberg, Daniel (30 July 2019). "G5 Entertainment: Ett spelbart bottenfiske?". Svenska Dagbladet (in Swedish). Retrieved 21 April 2023.
  23. "G5 Entertainment Releases Jewels of Egypt: Match Game". Bloomberg News. 5 June 2020. Retrieved 21 April 2023. ...G5 Entertainment Group is publicly listed on Nasdaq Stockholm's main market mid cap segment under trade symbol G5EN.ST
  24. "G5 Entertainment AB (G5EN.ST) Preliminary revenue April – June 2017". Bloomberg News. 4 July 2017. Retrieved 22 April 2023.
  25. "GENTF - G5 Entertainment AB | Overview | OTC Markets". OTC Markets Group. Archived from the original on 31 October 2020. Retrieved 22 April 2023.

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