They took away their medium term outlook I think, unless it is somewhere it normally isn't, and haven't really mentioned what they are seeing that points to the need for greater investment. Their pokies players are getting older, and they need new "addicts". Also possibly regulations are stacking up, and governments are short of cash too, and looking for extra revenues. Would be nice if they covered this stuff, instead of solely removing the medium term outlook.
Also if Pixel United is meant to be a growth avenue, why is investment being reduced there, and increased far greater elsewhere? And they are adding acquisitions in that PU div as well. That does not seem cogent to me. Social Casino's results seemed good all considered too. Is the rest looking like underperforming in future?
I also think that investment needs to go into funneling new game "addicts" into the games. The DAU is down 20%. I think eventually this lack of freemium players will bite hard, and will reduce the number of paying players. If you have money, you also want to be able to play these games with your "broke" mates. Otherwise less fun.
I shorted for the day, but will see how it goes. Much of my reason is more omissions than what is reported and said. Maybe there will be updates coming the take away my reasons for shorting.
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