Nitro Games Oyj: Netflix project canceled
Netflix has canceled the unannounced game project with Nitro Games.
Netflix has canceled the project with Nitro Games, originally communicated on 8 November 2023. The project is now expected to be concluded in early 2025, approximately 9 months earlier than anticipated, resulting in approximately 70% of the order value projected materializing.
"This is obviously a bummer for us. That said, thanks to our diversified project portfolio, we have the financial stability to absorb the negative impact and to continue forward with our roadmap for the year." says Jussi Tähtinen, CEO of Nitro Games.
For more information:
Jussi Tähtinen, CEO & Co-Founder
Phone: +358 44 388 1071
Email: jussi@nitrogames.com
This company release contains information that Nitro Games Oyj is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 25 February 2025 at 19:35 (EET).
Nitro Games in brief:
Nitro Games is a game developer and publisher, backed by a multinational team of gaming professionals with expertise spanning game development, publishing, and live operations. Specializing in action and shooter games, Nitro Games is dedicated to creating high-quality experiences for a global audience. With recent titles like Autogun Heroes and NERF: Superblast, the company has built a strong portfolio of engaging and innovative games. Nitro Games also has a proven history of collaborating with leading brands and companies, offering tailored development and publishing services to select partners.
Nitro Games' shares are listed on Nasdaq First North Growth Market with the ticker NITRO. The Certified Adviser is FNCA Sweden AB.
Finnish Business ID: FI21348196