Flagship Title DeteriorationOngoing declines in social casino revenue, led by continued weakness at flagship title Slotomania, point to sustained challenges in the core business that may weigh on revenue.
Turnaround Credibility And New-launch Execution RiskLimited signs of reversion at large legacy titles and the execution risk associated with new game launches make a credible turnaround difficult to assume, constraining upside valuation potential.
User Metrics And Guidance DownsideSoft daily active user trends across the portfolio and revenue tracking toward the low end of guidance raise downside risk to future top-line expectations and investor confidence.