)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Thunderful Group
Thunderful Group (THUNDR) investor relations material
Thunderful Group has been delisted
Thunderful Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary18 Feb, 2026
Executive summary
Net revenue for Q4 2025 fell 16% year-over-year to SEK 65.1 million, with full-year revenue down 11.4% to SEK 259.3 million.
Operating profit (EBIT) improved but remained negative at SEK -88.2 million for Q4 and SEK -493.4 million for the year.
Significant write-downs of intangible assets, mainly acquisition-related goodwill, impacted results.
A directed share issue to Atari SA was completed, making Atari the majority owner and leading to a delisting from Nasdaq First North Growth Market.
Restructuring in the co-development segment initiated, with expected redundancies and cost savings in 2026.
Financial highlights
Q4 net revenue: SEK 65.1 million (down from SEK 77.4 million); full-year: SEK 259.3 million (down from SEK 292.8 million).
Q4 operating profit (EBIT): SEK -88.2 million (improved from SEK -631.5 million); full-year: SEK -493.4 million (improved from SEK -917.3 million).
Adjusted EBITDA for Q4: SEK -10.9 million (up from SEK -48.6 million); full-year: SEK -31.3 million (up from SEK -41.3 million).
Net loss for Q4: SEK -55.7 million; full-year: SEK -442.3 million.
Cash flow from operating activities: SEK -3.2 million in Q4; SEK -43.6 million for the year.
Outlook and guidance
The company’s future is now within the Atari ecosystem, with Atari planning to consolidate and develop the business and its assets.
Cost-saving and restructuring measures are expected to yield SEK 25-30 million in annual savings from 2026.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Thunderful Group
- Significant Q3 net loss from asset write-downs despite improved operational profitability.THUNDR
Q3 2025 - Revenue fell 29% as restructuring and a 50 MSEK Atari investment reshape the outlook.THUNDRQ2 2025
- Q3 losses prompt shift to third-party publishing and major cost-saving measures.THUNDRQ3 2024
- Q2 revenue and profit fell sharply after divestments, but cost savings and a new strategy are in place.THUNDRQ2 2024
- Revenue up 7% and losses narrowed; future hinges on key game launches.THUNDRQ1 2025
- Major restructuring and asset write-downs in 2024 set the stage for 2025 growth.THUNDRQ4 2024
Thunderful Group
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Thunderful Group AB develops and publishes personal computer, console, and mobile games in Sweden and internationally. Its game portfolio is categorized into three segments: Thunderful Publishing, Rising Star Games, and Image & Form International. The company offers its products through the digital stores of various publishers. The company was founded in 1965 and is headquartered in Gothenburg, Sweden.