Here are Jenneli’s quick comments on Starbreeze’s Q3 results. 
Starbreeze reported Q3 revenue in line with expectations, but adjusted profitability fell short of our forecasts, mainly due to higher-than-expected depreciations. As expected, the termination of the Baxter project led to a significant impairment, which dominated the headlines. While PAYDAY 2’s revenue surprised positively, PAYDAY 3’s revenue clearly fell short of our forecasts. The report offered limited updates on the implementation plan and future outlook, leaving key questions regarding the timing of accelerating content production and the contract work pipeline still open. We hope to get further clarity on these matters in the earnings webcast, which starts at 10:00 AM CEST.