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Next Games published its H2 report in line with the preliminary financials released on 2 March in conjunction with the announcement regarding the tender offer by Netflix. Game-specific details of the report (not included in the pre-announcement) were broadly in line with our expectations, providing no meaningful surprises. Given the pre-released H2 outcome and 2022 outlook, we see no need for estimate revisions. We continue to believe that the deal with Netflix will likely go through in Q2 2022 as expected and reiterate our fair value range of EUR 1.8-2.5 per share, with the midpoint aligned with the tender offer price. The offer period is expected to commence today and expire on or about 8 April unless further extended.

Source: Finwire News.

Next Games is a developer and publisher of licensed mobile games. We are a trendsetter in service-based mobile games based on mass entertainment products such as movies, TV series or books. We develop games in close cooperation with the license owners of the entertainment products to ensure a tight connection between the game and the original entertainment product – for instance a TV-series. So far, we have published two games that have received praise from the critics, both in 2015. Our game The Walking Dead: No Man’s Land has been downloaded approximately 16 million times.