Operating Cash FlowZero operating cash flow in 2024 signals weak cash conversion of revenue and creates a structural liquidity risk. Over months this undermines the firm's ability to self-fund user acquisition, publisher payouts and R&D, increasing reliance on external financing and restricting strategic optionality.
Declining Equity / ROEA falling equity base and reduced ROE erode the capital cushion available for operations and growth. Persisting declines can limit borrowing capacity, constrain investment, and weaken investor confidence, making it harder to sustain long-term expansion or weather adverse market conditions.
Weakened Profitability / EPSA declining net margin combined with a large negative EPS change indicates earnings volatility and potential losses. Structurally weak profitability pressures retained earnings and may force cost cuts or strategy shifts, undermining reinvestment in product and long-term competitive positioning.