Sweden's Thunderful Q4 revenue falls, to become wholly owned by Atari

Thunderful AB

18/02/2026 06:40

Overview

Swedish gaming company's Q4 net revenue decreased SEK 12.3 mln to SEK 65.1 mln

Adjusted EBITA for Q4 missed analyst expectations

Company to become wholly owned by Atari, plans Nasdaq delisting

Outlook

Thunderful plans restructuring to cut costs by SEK 25–30 mln in 2026

Company to delist from Nasdaq following Atari's ownership increase

Thunderful's directed share issue to Atari SA raises SEK 35 mln

Result Drivers

ASSET WRITE-DOWN - Co reported a write-down of intangible fixed assets totaling SEK 45.1 mln, impacting financial results

RESTRUCTURING PROGRAM - Co announced a restructuring program in co-development segment to reduce costs, expecting redundancies of 50–60 employees

OWNERSHIP CHANGE - Co to become wholly owned by Atari, with plans for delisting from Nasdaq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
SEK 65.10 mln
SEK 64 mln (1 Analyst)
Q4 Adjusted EBITDA
-SEK 10.90 mln
Q4 Adjusted EBITA
Miss
-SEK 53.20 mln
-SEK 17.90 mln (1 Analyst)
Q4 Adjusted EBITA Margin
-81.70%
Q4 EBIT
-SEK 88.20 mln
Q4 EBIT Margin
-135.50%


Analyst Coverage

Wall Street's median 12-month price target for Thunderful Group AB is SEK0.40, about 34.2% above its February 17 closing price of SEK0.30

Press Release: ID:nMFN76clhx

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)