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

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