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Thunderful Group - Lower profitability in Games

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Thunderful Group - Lower profitability in Games

2023-08-22 07:40:00

Redeye provides an update on Thunderful Group following its Q2 2023 report, which showed weaker profitability than expected, primarily from games. Given the challenging market for smaller AA / indie game titles, some game postponements, and continued challenging markets for NGS, we revise our estimates and valuation accordingly.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/