EG7: Estimate changes and game pipeline comments
As Redeye communicated after the Q1-report, we have lowered our estimates for Q2 due to some delayed game releases. We have also lowered our full-year estimate for 2020. The reason for this is that the major game "EvilVEvil" will have a free-to-play business model. Successful free-to-play games normally have a longer life cycle but less revenue during the initial months in comparison to “premium games”.
No changes have been made in Redeye's fair value range or base-case valuation.