- 01
Thunderful Group reduced its operating loss (EBIT) to SEK 65.7 million in Q1 2025, a significant improvement from the SEK 153.9 million loss recorded in Q1 2024.
- 02
Net revenue grew by 7.0% year-over-year to SEK 62.0 million, supported by back-catalog sales in Publishing and work-for-hire projects at Coatsink.
- 03
Personnel expenses dropped by 36.5% as the company reduced its total headcount from 355 to 249 employees as part of a broader restructuring effort.
- 04
Adjusted EBITDA improved to SEK –9.2 million from SEK –29.4 million, reflecting the impact of the company's leaner operational structure.
- 05
The company’s financial stability for the remainder of 2025 is contingent on the commercial performance of upcoming titles, specifically 'Lost in Random: The Eternal Die' and 'Replaced'.
- 06
Strategic divestments and debt management included the transfer of all shares in Jumpship Ltd and a directed share issue to Microcuts Holding GmbH to settle earnout obligations.
- 07
As of the end of Q1 2025, the group held SEK 83.1 million in cash and unutilised credit facilities.