Nitro Games PLC
(OSTO:NITRO)
kr
2.29
-0.040 (-1.72%)
Market Cap: 57.08 Mil
Enterprise Value: 66.20 Mil
PE Ratio: 21.20
PB Ratio: 1.94
GF Score: 64/100 
Full Year 2024 Nitro Games Oyj Earnings Call Transcript
Feb 17, 2025 / 08:30AM GMT
Release Date Price:
kr2.74
(-12.18%)
Key Points
Positve
- Nitro Games PLC (OSTO:NITRO) reported a record year in 2024, achieving profitability for the first time in a long time.
- The company successfully expanded its platform reach, launching games on both web and PC, which was well-received by the market.
- Nitro Games PLC (OSTO:NITRO) maintained stable growth while controlling costs, allowing for profitable operations despite market turbulence.
- The company has a scalable model that allows it to increase revenues and profitability without significantly increasing fixed costs.
- Nitro Games PLC (OSTO:NITRO) has built a strong network of partners over 15 years, enabling flexibility and scalability in operations.
Negative
- The gaming industry has experienced significant turmoil, with layoffs and uncertainty affecting market sentiment.
- Despite profitability, Nitro Games PLC (OSTO:NITRO) still faces challenges in achieving scalability for some of its games, such as 'All the Gun Heroes'.
- The company is cautious about overspending on marketing until games reach a point of scalability, which may limit immediate growth potential.
- There is increased competition in the gaming industry, although Nitro Games PLC (OSTO:NITRO) has a strong track record.
- The company faces challenges in adapting to evolving platforms and marketing strategies, particularly with the shift towards short videos and community engagement.
Jussi Tahtinen
Nitro Games Oyj - Chief Executive Officer
(introduction playing)
Good morning. It's your guys Jussi Tahtinen - Nitro Game. Good morning. Good morning indeed. So for those of you who are new, I'm Jussi Tahtinen, the CEO and co-founder here at Nitro Games.
Antti Villanen
Nitro Games Oyj - Co-Founder, Chief Scientific Officer, Director
I'm Antti Villanen, co-founder and Chief Strategist Officer.
Jussi Tahtinen
Nitro Games Oyj - Chief Executive Officer
Indeed, indeed and we are here to deliver you the results from 2024. So, we're not at all across platforms.
Antti Villanen
Nitro Games Oyj - Co-Founder, Chief Scientific Officer, Director
Exactly we were last week at the largest video game executive summit in [Dice].
Jussi Tahtinen;Antti Villanen
Nitro Games Oyj - Chief Executive Officer;Nitro Games Oyj - Co-Founder, Chief Scientific Officer, Director<
Yes, in Las Vegas.
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