Market (Overall)ยทUpdated Mar 17, 2026 by Thunderful
Thunderful Group reported a significant annual net revenue decline of 23.8% to 292.8 MSEK, with Q4 revenue falling 27.6% to 77.4 MSEK.
The company recorded a substantial annual operating loss of 917.3 MSEK, largely driven by 848 MSEK in asset write-downs and depreciation as part of a balance sheet cleanup.
The group successfully shifted its financial position by reducing interest-bearing net debt from 402.1 MSEK to -7.7 MSEK through working capital reduction and liability settlements.
A comprehensive cost-savings program is projected to generate 80 to 90 MSEK in annual savings, supporting the company's goal of returning to positive cash flow in 2025.
Thunderful completed a major structural transformation in 2024, divesting subsidiaries like Headup and Jumpship while reducing its total workforce to 297 employees.
The 2025 outlook centers on a pipeline of twelve development projects, including eight internal titles such as Reignbreaker and Lost in Random: The Eternal Die.
Thunderful Group reported a significant annual net revenue decline of 23.8% to 292.8 MSEK, with Q4 revenue falling 27.6% to 77.4 MSEK.
The company recorded a substantial annual operating loss of 917.3 MSEK, largely driven by 848 MSEK in asset write-downs and depreciation as part of a balance sheet cleanup.
The group successfully shifted its financial position by reducing interest-bearing net debt from 402.1 MSEK to -7.7 MSEK through working capital reduction and liability settlements.
A comprehensive cost-savings program is projected to generate 80 to 90 MSEK in annual savings, supporting the company's goal of returning to positive cash flow in 2025.
Thunderful completed a major structural transformation in 2024, divesting subsidiaries like Headup and Jumpship while reducing its total workforce to 297 employees.
The 2025 outlook centers on a pipeline of twelve development projects, including eight internal titles such as Reignbreaker and Lost in Random: The Eternal Die.