G5 Entertainment: Increased Valuation
Research Note
2021-02-17
13:14
Redeye has increased its base case valuation in G5 yet again due to the better than expected EBIT margin. While the EBIT margin expansion is expected to be stronger than previously estimated, we have lowered our growth projections somewhat, due to a cautious approach regarding a potential COVID19-boost and an expected less aggressive user acquisition strategy.
TO
DZ
Tomas Otterbeck
Danesh Zare
Disclosures and disclaimers