Cherry – Preview Q2, marketing push

Research Note

2018-08-09

08:15

We believe we saw a definite sign of the turn-around within Online Gaming during the previous quarter. Now the market can start to put focus on the growing gems Yggdrasil and Game Lounge. For Q2 we expect to see a growth of around 32% with healthy profitability. Just like most iGaming companies, the World Cup will most likely have led to a marketing push. Cherry’s report will be released on the 16th of August. We continue to view the share as attractively valued, and today it feels like a discount offering; Buy 3 for the price of 2.

KL

Kristoffer Lindström

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