Enad Global 7 (EG7) Q4 Report Shines Light On DDO And LOTRO

In its Q4 2025 Interim Report, Enad Global 7 (EG7) highlighted a resilient performance for its “Classic MMO” portfolio, specifically noting that The Lord of the Rings Online (LOTRO) and Dungeons & Dragons Online (DDO) have returned to a growth trajectory.

Despite a broader corporate revenue decline of 4.4% (FX-adjusted), the Daybreak Game Company segment—which houses Standing Stone Games (the developer of LOTRO and DDO)—emerged as a primary driver of stability for the group.

LOTRO and DDO: Key Performance Highlights

The report singles out LOTRO and DDO as “core franchises” that demonstrated significant momentum throughout 2025:

• Positive Growth Trend: Both titles, alongside DC Universe Online, were noted for “demonstrating growth” in 2025. This is a significant pivot from previous years where the titles were often described as “stable” or “mature” legacy products.
• Expansion Impact: The launch of the latest expansion for The Lord of the Rings Online in Q4 2025 was cited as a major factor in driving increased player activity and revenue during the final quarter of the year.
• Award Recognition: In a rare nod to gaming media, the report explicitly mentioned that The Lord of the Rings Online was awarded “Best Classic MMO of the Year” in 2025, a sentiment EG7 believes reflects the game’s ongoing relevance and high player engagement.
• 2026 Outlook: Management noted that both DDO and LOTRO have “begun 2026 strongly,” with momentum from the year-end expansions carrying over into the new fiscal year.

Daybreak Financial Figures (Q4 2025)

Because LOTRO and DDO are part of the Daybreak portfolio, their performance is reflected in the following segment figures:

• Net Revenue Growth: Daybreak achieved 11% year-over-year revenue growth in local currency (USD).
• Profitability: Adjusted EBITDA for the Daybreak segment increased by 26%, reaching 33.4 million SEK (approx. $3.2M USD) for the quarter.
• Revenue Predictability: EG7 highlighted that 79% of the group’s total net revenue now comes from “predictable” sources (Live Service titles like LOTRO and DDO), up from 65% the previous year.

Summary Table: EG7 Group Q4 2025

I would say that For fans of Middle-earth and Eberron, the Q4 report is a vote of confidence. By categorizing these games as “growth” titles rather than “maintenance” titles, EG7 signals continued investment and a healthy future for these long-running MMOs.