Nitro Games: More shots on goal - Redeye

Redeye applauds the fact that Nitro has signed yet another deal to develop and bring a new game to the Snapchat platform. Snapchat has continued its growth trajectory and now boasts 293 million daily active users. We reiterate our valuation range for Nitro games on the back of today's news. The deal is very positive and significantly adds to the optionality on the upside for Nitro, which is reflected in our Bull Case.

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