Thunderful Group: The worst is behind Thunderful - Redeye

Redeye provides an update on Thunderful following its Q3 2022 presentation. We are encouraged by the reduced inventory levels and we expect cash flows to improve in the two coming quarters. We have increased our estimates on the back of the acquisition of Jumpship. However, we also increased the WACC due to an increase in the risk-free rate. Leading to a decrease of our valuation range.

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