Solid results, strong pipeline, rising resilience and high-value acquisition:
Revenue was $18.6m, in line with expectations. H1 revenue represents 38% of our full year forecast, indicating an H2-weighted year as previously flagged. We expect tinyBuild to release seven new games in H2 compared to three in H1. Moreover, tinyBuild plans higher-profile releases in H2 (Potion Craft and Despot’s Game), which are already generating strong KPIs. EBITDA was $7.9m, slightly ahead of management’s expecta ....
15 Sep 2021
tinyBuild Inc (TBLD LN) - Building resilience
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tinyBuild Inc (TBLD LN) - Building resilience
tinyBuild Inc. (TBLD:LON) | 5.9 0 0.0% | Mkt Cap: 23.3m
- Published:
15 Sep 2021 -
Author:
Bob Liao, CFA -
Pages:
9
Solid results, strong pipeline, rising resilience and high-value acquisition:
Revenue was $18.6m, in line with expectations. H1 revenue represents 38% of our full year forecast, indicating an H2-weighted year as previously flagged. We expect tinyBuild to release seven new games in H2 compared to three in H1. Moreover, tinyBuild plans higher-profile releases in H2 (Potion Craft and Despot’s Game), which are already generating strong KPIs. EBITDA was $7.9m, slightly ahead of management’s expecta ....