22:50 12 November 2024
Creepy Jar estimates a PLN 3.5 mln net profit in Q3, a decline of 44% y/y
Creepy Jar estimates a net profit of PLN 3.5 million for Q3 2024, a 44% decline y/y, but 24% higher than market expectations of PLN 2.8 million. Estimated sales revenues were PLN 7.9 million, down 13% y/y, but 9% above the market consensus of PLN 7.2 million. Operating profit for Q3 is estimated at PLN 3.3 million, a 40% decrease y/y, exceeding analysts' expectations of PLN 2.3 million. For the first three quarters of 2024, the company reported net profit of PLN 9.7 million and sales of PLN 22.8 million.
The decline in Green Hell game sales by 13% in Q3 is attributed to the product's natural lifecycle.
