Global Gaming 555: First comment Q3, a new reality
Global Gaming´s Q3 revenues were in-line with our expectations. However, despite the major revenues decline, the company maintained its high marketing spend in the third quarter due to marketing commitments. As a result, the loss increased and came in far above our estimates. Nevertheless, the company´s financial position is still strong, with a cash position of SEK 162m, and we have not changed our view of the case.