Redeye provides a reseach update following the Q1 2024 report from Fragbite Group. Operations developed well, with sales precisely in line with our estimates and another stable quarter from Playdigious. We maintain our estimates but lower our valuation to account for the lower share price in the estimated capital raise related to the Lucky Kat earnout.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/

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Fragbite Group - Operationally solid

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