Thunderful Group Q3 2022: Reduced inventory levels and solid results from Games - Redeye

Redeye comments on Thunderful group’s Q3 2022 report. Overall, we are encouraged by the report and the stable performance of Games in the quarter, despite a lack of significant releases. Net sales came in in line with our estimates, while Adj. EBITA was 5% below. Most importantly inventory levels have started to decrease.

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