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Thunderful Group Q3 2024: Weak quarter and new restructuring program announced - Redeye

Redeye comments on Thunderful Group’s Q3’24 report, which was weaker than expected, primarily due to lower sales in Publishing. The company announced a new restructuring program this morning, expected to result in an annual net cash flow improvement of SEK50m and a write-down of SEK220-240m. Thunderful also announced that it will shift its focus more toward third-party game publishing while reducing its investments in internal game projects.

Redeye comments on Thunderful Group’s Q3’24 report, which was weaker than expected, primarily due to lower sales in Publishing. The company announced a new restructuring program this morning, expected to result in an annual net cash flow improvement of SEK50m and a write-down of SEK220-240m. Thunderful also announced that it will shift its focus more toward third-party game publishing while reducing its investments in internal game projects.
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