Redeye comments on Fable Media Group’s Q2 results, aligning with the preliminary figures and our estimates. The company continues to see headwinds from the Brazilian market. However, sales from other markets than Brazil grew by 15% y/y, which is encouraging. The company reiterates its guidance of SEK50-60m in EBITDA in 2025, and we see the ongoing procedure to start paying quarterly dividends as a nice treat for the investment case.

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