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An update from tinyBuild Inc. ( (GB:TBLD) ) is now available.
tinyBuild Inc. reported a 22% decline in revenue for 2024, attributed to weaker-than-expected performance of new game launches and a generally weak market. Despite this, the company improved its adjusted EBITDA loss and reduced its operating loss significantly by addressing development advances and trade receivables impairments. The company is focusing on cash generation and disciplined investment in high-potential games, with a strong pipeline for 2025 and beyond. The recent sale of Red Cerberus and the success of Deadside’s console launch have provided financial flexibility, while new game announcements like SpeedRunners 2 have generated significant interest. The company remains cautious due to the ongoing conflict in Ukraine and evolving macroeconomic conditions but is confident in meeting expectations.
More about tinyBuild Inc.
Founded in 2013, tinyBuild Inc. is a global video games publisher and developer known for its catalogue of over 70 premium titles across various genres. The company focuses on developing its own intellectual property to create multi-game and multimedia franchises. Headquartered in the USA, tinyBuild operates across the Americas and Europe, leveraging its geographical reach to source high-potential IP and build a loyal customer base through innovative grassroots marketing. The company was admitted to AIM, a market by the London Stock Exchange, in March 2021.
YTD Price Performance: -25.00%
Average Trading Volume: 260,066
Technical Sentiment Signal: Buy
Current Market Cap: £20.85M
For an in-depth examination of TBLD stock, go to TipRanks’ Stock Analysis page.