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Fragbite Group: New revenue estimates for Playdigious - Redeye

Redeye is positive to the new revenue estimates presented by Fragbite Group for its wholly-owned subsidiary, Playdigious. The range for estimated net revenue from the current pipeline increases from EUR6m-10m to EUR10m-EUR17m. We await the Q1 2024 report, due on May 16, before making any firm modelling changes, but argue that Playdigious is developing well operationally.

Redeye is positive to the new revenue estimates presented by Fragbite Group for its wholly-owned subsidiary, Playdigious. The range for estimated net revenue from the current pipeline increases from EUR6m-10m to EUR10m-EUR17m. We await the Q1 2024 report, due on May 16, before making any firm modelling changes, but argue that Playdigious is developing well operationally.
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