Interactive Home Entertainment / Video Game Publishing
Strategic Profile
The company maintains successful IP franchises including The Surge, Vampyr, and A Plague Tale: Innocence. Q1 2025 showed 132% YoY revenue growth to €79 million with strong guidance projecting 2026 revenue exceeding €253 million.
Cyborg Score Rationale
Strong revenue growth momentum with 132% YoY expansion in Q1 2025 and conservative multi-year guidance. However, recent quarterly volatility and stock price weakness from 52-week highs suggest execution risks warrant caution.
Top Insights
Q1 FY2025 revenue surged 132% YoY to €79M with back catalog revenue growing 91% to €58M, indicating strong catalog monetization
Dividend yield of 5.77% with €1 per share proposed dividend shows capital returns discipline
Americas represents 53% of revenue, providing significant exposure to largest gaming market
Company reaffirmed full-year guidance despite Q3 sales decline, signaling confidence in Q4 pipeline
Named Competitors
PlayWay — Polish indie game publisher and distributor
Creepy Jar — Czech developer and publisher of survival games
GungHo Online Entertainment — Japanese online games developer and publisher