Within a day, Thunderful Group's value dropped by more than half to a record low

Reports on the risk of bankruptcy and a new restructuring negatively affected the stock value of Thunderful Group. By the time this news was written, their stock price had dropped to 0.29 Swedish krona (0.03 USD) per share — a decrease of 53.71% since the evening of July 28.

As a result, the holding's market capitalization fell to 21.46 million Swedish krona (2.22 million USD), marking an all-time low. Throughout its trading history on the stock exchange, Thunderful Group has never been valued so low.

It should be noted that Thunderful Group has been going through tough times for over a year. In 2024, it conducted two major rounds of layoffs. Additionally, the holding sold or closed some of its subsidiaries, including Headup Games, Nordic Game Supply, Stage Clear Studios, and Jumpship.

In November of last year, Thunderful Group also announced a change in business strategy. At that time, the holding decided to pay less attention to game development and focus on the publishing business.