DON'T NOD's 2024 Annual Results: A Mixed Record

DON'T NOD, renowned for its narrative games, reported below-expected 2024 results, impacted by market competitiveness. Revenue fell 25% to €23.9 million, primarily due to poor sales performance.

Economic EBITDA was negative, at -€8.5 million, despite a 14% increase in sales of certain securities. The accounting adjustment of the portfolio resulted in a depreciation of €33 million, with no impact on cash flow. Net income: -€64.3 million, driven by exceptional non-cash expenses.

However, the cash position remains solid at €32.9 million, while the strategy is refocusing on three key production lines. DON'T NOD intends to secure financing for new productions, expanding its horizons through recognized licensing opportunities.