Execution RiskExecution risk remains elevated, particularly given rising cash needs, declining legacy engagement, and mixed macro trends.
Market PressureTop-line trends remain pressured by significant declines across both social casino and casual game portfolios, driven by lower daily and monthly active users and muted user acquisition spend.
Revenue And Profitability ConcernsFY 2025 guidance was below consensus, particularly on profitability, raising concerns about near-term margin expansion and cash generation.