– $83.7m in Income in comparison with an inner projection of 80m
– pMAU Progress of 81% and ARPU as much as $10.35
– Adj. EBITDA lack of -41.1m in comparison with -33.4M est. (attributable to elevated advertising and marketing spending and so they stated this may be their highest quarter for advertising and marketing spend)
– raised rev steerage for 2021 to $375m representing 63% YoY progress
– android customers rising at 2x pace of IOS (growing penetration)
– on observe to enter India by the top of the yr
– plans so as to add extra video games like first-person shooters and synchronous play.
– burnt 48m in money (~240m a yr in money burn) however has 613m on the steadiness sheet that means they will not need to dilute shareholders for some time.
MOST IMPORTANTLY: The steerage doesn’t embrace new video games, Tetris, synchronous play, OR India enlargement.
I feel this firm was beat up with the remainder of the SPACs, however buyers actually threw the newborn out with the bathwater on this one. Shout out to the shareholders on Stocktalk for offering good data! Hyperlink if interested–> https://testflight.apple.com/join/J22OgDlP