Nitro Games: Shaky start to the new year - Redeye

Redeye provides an update following Nitro Games’ Q1 2025 report, which was in line with expectations in terms of profitability. However, although the quarter was solid, all eyes are already on the upcoming quarters due to the cancellation of the Netflix agreement, which creates uncertainty for 2025. With low contribution from the Games business, the company is increasingly dependent on finding new projects to offset the contract loss. We have made minor estimate revisions on the back of the report.

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