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Thunderful Group Q3 2022: Reduced inventory levels and solid results from Games - Redeye

Redeye comments on Thunderful group’s Q3 2022 report. Overall, we are encouraged by the report and the stable performance of Games in the quarter, despite a lack of significant releases. Net sales came in in line with our estimates, while Adj. EBITA was 5% below. Most importantly inventory levels have started to decrease.

Redeye comments on Thunderful group’s Q3 2022 report. Overall, we are encouraged by the report and the stable performance of Games in the quarter, despite a lack of significant releases. Net sales came in in line with our estimates, while Adj. EBITA was 5% below. Most importantly inventory levels have started to decrease.
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