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Thunderful Group Q2 2025 Presentation

• Q&A MARTIN WALFISZ MIKAEL FALKNER BALANCED MIX OF EXTERNAL AND INTERNAL DEVELOPMENT COMBINED WITH STRONG CO-DEVELOPMENT SERVICES PUBLISHING CO-DEVELOPMENT & SERVICES • Development, marketing, distribution and • The ideation, planning, and development of game commercialisation of digital games and intellectual projects in…

• Thunderful Group has proposed a 50 MSEK directed share issue to Atari, which would result in Atari becoming an approximately 82% majority shareholder, subject to EGM approval on August 28.
• Q2 2025 net revenue fell 29% year-over-year to 58.9 MSEK, with an adjusted EBITDA of -23.2 MSEK and an EBIT of -51.3 MSEK.
• The company is undergoing further restructuring and cost-savings across development studios, publishing teams, and group operations to address strained liquidity, which stood at 32 MSEK at the end of Q2.