Nitro Games Q1: higher costs than expected
Research Note
2018-04-20
12:35
Nitro Games quarterly result was below our expectations. Net sales amounted to EUR 0.52 million in comparison to our estimate of EUR 0.54 million. EBITDA was however EUR -1 million, EUR 0.5 million below our expectations. EBITDA in the quarter was among other things affected by more aggressive spending in user acquisition.
TO
Tomas Otterbeck
Disclosures and disclaimers