Thunderful Group: Expanding the Indie Network

Research Note

2021-10-27

12:55

Redeye comments on Thunderful's acquisition of Robot Teddy. A niche consultancy firm with an EBIT margin north of 80%. The acquisition adds roughly 20% to Thunderful Groups 2021E EBITA from the Games segment and looks to be a good acquisition besides being EBITA accretive.

Danesh Zare

Tomas Otterbeck

Sign up for free to continue

Already a member?

Sign in

Disclosures and disclaimers

Premium Plan required to unlock

Unlock companies to access

more high quality research.