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Next Games

Analyst

Atte Riikola

Atte Riikola

Analyytikko

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Net impact profile

Third party research
26.10.
2021

Next Games today finally announced the global launch of Stranger Things: Puzzle Tales and also reaffirmed its guidance for at least EUR 40m of revenue (company-collected consensus: EUR 33m) and positive EBITDA (consensus: EUR 0.6m) for 2021.

Third party research
16.8.
2021

Next Games did not benefit from Stranger Things or Blade Runner in H1 as launches on the main markets will not take place before late Q3 or Q4. Bookings for the Walking Dead franchise were down by 15% y/y in H1.

Third party research
13.7.
2021

Next Games has made progress during H1, with two new games in soft launch, and we expect those games will be important for creating positive sales growth.

Third party research
26.11.
2020

Next Games held its CMD on November 25th, releasing what in our view are very ambitious financial targets. The CMD confirmed continued commitment to publishing IP based games and a more sound and calculated approach to scaling games. The revised guidance for 2020 brought some good news for profitability expectations.

Ambitious mid-term financial targets

Third party research
25.11.
2020

Next Games will host a virtual CMD on Wednesday, 25 November to give an update on its strategy, goals and outlook. We believe the release date of the Stranger Things title could also be announced, and we expect additional colour on the management's ambitions regarding the title and how it aims to scale up the game. As Next Games has been able to limit cash burn and improve profitability during 2020, an additional funding round is unlikely.

Next Games