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Analyytikko
Bactiguard 's Q4 was impacted by the continued mobile gaming market decline. However, 2% q/q growth in the US market points to some light at the end of the tunnel.
Rovio reported Q4 2% below Modular Finance consensus. Adjusted EBIT of EUR 5.9m missed by 18% relative to consensus of EUR 7.2m.
This morning Rovio announced that its Board of Directors has decided to commence strategic review following expressions of interest and indicative non-binding proposals to acquire Rovio.
Israeli-based mobile gaming company Playtika has today announced a proposal to Rovio board of directors to acquire Rovio for EUR 9.05 (55% premium to Wednesday’s close) per share in cash.
We expect Rovio's Games gross bookings to decline by 9% y/y organically in Q4, broadly in line with the mobile gaming market's growth.
We attended Rovio’s Q4 mid-quarter meeting on Friday hosted by IR Timo Rahkonen. The message conveyed by the company provided no real surprises relative to our estimates and daily app store ranking data from data.ai.
Rovio reported 2% higher Q3 revenue than Infront consensus expected and adjusted EBIT exceeded consensus by 17%. ABDB was the star of Q3 with 18% y/y and 25% q/q growth.
Rovio reported Q3 revenue 2% ahead of Infront consensus while adjusted EBIT exceeded consensus by 17%. Games gross bookings grew -7.2% y/y organically (-6.5% in Q2).
We expect a sequential decline in Rovio's Games revenue for Q3 in the midst of mobile gaming market headwinds (reopening, inflation, Apple's ATT policy).
We attended Rovio’s Q3 mid-quarter meeting for sell-side analysts today, which was hosted by IR Timo Rahkonen. The message conveyed by the company was broadly in line with our estimates and daily app store ranking data from data.ai.
