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Digital Bros Approves Financial Statements Amid Revenue Decline

Story Highlights
  • Digital Bros S.p.A. approved its financial statements despite declining revenues and increased losses.
  • The company authorized treasury share transactions to boost market liquidity and strategic flexibility.
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Digital Bros Approves Financial Statements Amid Revenue Decline

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The latest update is out from Digital Bros S.p.A. ( (IT:DIB) ).

Digital Bros S.p.A. held its Ordinary Shareholders’ Meeting, where it approved the financial statements for the fiscal year 2024-2025, despite a notable decline in revenues and increased losses attributed to underperforming new launches and project cancellations. The meeting also saw the approval of the allocation of operating profit to retained earnings and the authorization for the purchase and disposal of treasury shares, aiming to enhance market liquidity and support strategic transactions.

The most recent analyst rating on (IT:DIB) stock is a Hold with a EUR12.00 price target. To see the full list of analyst forecasts on Digital Bros S.p.A. stock, see the IT:DIB Stock Forecast page.

More about Digital Bros S.p.A.

Digital Bros S.p.A. is a company active in the video game market, listed on Euronext STAR Milan and part of the FTSE Italy Small Cap index. The company focuses on developing and distributing video games, catering to a global audience.

YTD Price Performance: 5.26%

Average Trading Volume: 40,334

Technical Sentiment Signal: Sell

Current Market Cap: €171.2M

For a thorough assessment of DIB stock, go to TipRanks’ Stock Analysis page.

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