Thunderful Group is exploring the sale of Bridge Constructor writer Headup Video games almost three years after it bought the studio in a deal value as much as €11 million.
The corporate mentioned it was reviewing its priorities and plotting a “extra centered technique” for the enterprise. Consequently, it’s searching for consumers for the Germany-based agency.
Headup Video games has launched quite a few titles throughout PC, console and cell platforms, together with the Bridge Constructor sequence, Tremendous Meat Boy Endlessly and Laika: Aged By means of Blood.
“The Headup staff and its CEO, Dieter Schoeller, have made an ideal contribution to Thunderful since becoming a member of the group,” mentioned Thunderful Group CEO Martin Walfisz.
“Nevertheless, as we’re reviewing the enterprise and priorities of Thunderful, it’s change into apparent that we’d like a clearer and extra centered technique. We’re subsequently now exploring the opportunity of divesting Headup.”
Q3 financials
The information comes after Thunderful appointed Huge Leisure founder Martin Walfisz as its new CEO in August. It additionally named former Probi AB chief monetary officer Henrik Lundkvist as its personal CFO in October.
In its newest financials, the corporate reported a 9.4% year-over-year decline in income throughout Q3 to SEK 626.2m ($59.9m), whereas gross sales for January to September have been up 4.5% Y/Y to SEK 1.86 billion ($178m).
Q3 revenue, in the meantime, elevated by 115.6% Y/Y to SEK 24.7m ($2.3m), although the corporate reported a SEK 22.3m ($2.1m) loss for the January to September interval general, deepening losses by 141.3% Y/Y.
The corporate’s finest performing division was in distribution, which reported internet gross sales of SEK 536.1m ($51.3m), down 6.5% Y/Y in Q3. The video games division, in the meantime, reported a income decline of 23.6% Y/Y to SEK 90m ($8.6m).
