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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Don't Nod Entertainment
Don't Nod Entertainment (ALDNE) investor relations material
Don't Nod Entertainment H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary28 Oct, 2025
Executive summary
Revenue increased 3.8 times year-over-year to €7.0 million, driven by Bloom & Rage and its integration into PS+.
Net loss halved to €20.8 million compared to the same period last year.
Signed a development agreement with Netflix for a new narrative video game based on a major IP.
Performance plan and operational transformation underway, with initial cost savings realized.
Financial highlights
Total operating revenue for H1 2025 was €13.9 million, down 5% year-over-year due to lower capitalized production.
Operating EBITDA (including tax credits) was -€2.0 million; adjusted for non-recurring reorganization expenses, EBITDA was at break-even.
Operating EBIT (including tax credits) improved to -€21.9 million from -€34.5 million year-over-year.
Non-recurring income of €1.7 million, mainly from partial reversal of restructuring provision.
Cash and cash equivalents at June 30, 2025, were €23.4 million, down from €32.9 million at year-end 2024.
Outlook and guidance
Full benefits of the performance plan expected in H2 2025.
Launch of The Lonesome Guild and development of Aphelion (P10) expected to support future growth.
Advanced negotiations for co-production of P14 project ongoing.
Bloom & Rage write-down: future strategy impact
Operating EBITDA worsened despite cost savings?
Future of suspended projects P12 and P13
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Latest events from Don't Nod Entertainment
Next Don't Nod Entertainment earnings date
H2 202517 Apr, 2026
Don't Nod Entertainment
Next Don't Nod Entertainment earnings date
H2 202517 Apr, 2026
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