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Nitro Games: Q4’21 Initial take - Redeye

Nitro Games delivered a solid report, revenue was 1% ahead of our expectations, while EBIT was 45% ahead of our estimates. The deviation largely stems from the improved gross margin, which is likely to be explained by a lower level of third-party game production.

Nitro Games delivered a solid report, revenue was 1% ahead of our expectations, while EBIT was 45% ahead of our estimates. The deviation largely stems from the improved gross margin, which is likely to be explained by a lower level of third-party game production.
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