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Interim Report , Q3 2021 QUOTE FROM THE CEO " Stillfront's net revenues amounted to 1,311 MSEK , up by 28 percent compared to the third quarter last year , paired with an adjusted EBIT margin of 33 % . We continue to grow our business with high margins and strong cash flows . In 2021 , we have continued to invest in our underlying operations with a special focus on increasing the level of collaboration between our studios , including new game development projects . We continue to strengthen and expand our growing games portfolio and we are working hard in backing all our studios to achieve their full potential . The past six months have been challenging , with our studios facing comparison figures affected by the strong inflow of new users during the pandemic as well as changing marketing conditions due to the IDFA changes imposed by Apple on iOS devices . Both factors are transitory and we remain confident in our strategy and in our ability to benefit from the positive underlying market trends in our industry and to generate strong shareholder value . " FINANCIAL HIGHLIGHTS Q3 Net revenue of 1,311 ( 1,027 ) MSEK , an increase of 28 percent compared to the third quarter of 2020 , of which -11 ( 19 ) percent was organic EBIT of 243 ( 306 ) MSEK , a decrease of 21 percent Adjusted EBIT of 433 ( 419 ) MSEK , an increase of 3 percent . Adjusted EBIT margin of 33 ( 41 ) percent Items affecting comparability impacting EBIT amounted to -20 ( -18 ) MSEK , mainly driven by costs related to the acquisition of Jawaker . Amortization of PPA - items amounted to -170 ( -95 ) MSEK STILLFRONT GROUP EBITDA of 499 ( 454 ) MSEK , an increase of 10 percent KEY FIGURES MSEK Bookings Deferred revenue Net revenue EBIT Adjusted EBIT Adjusted EBIT margin , % EBITDA Adjusted EBITDA Adjusted EBITDA margin , % Profit before tax Net result Number of Employees Adjusted Leverage Ratio , pro forma , x 2021 Jul - Sep 1,304 7 1,311 243 433 33 499 519 40 187 129 1,256 1.2 Financial net of -55 ( -48 ) MSEK Net result of 129 ( 154 ) MSEK Net result per share undiluted of 0.35 ( 0.45 ) SEK . Net result per share diluted of 0.35 ( 0.45 ) SEK Net debt of 2,645 ( 1,225 ) MSEK and adjusted leverage ratio , pro forma of 1.2x ( 0.7x ) Cash position of 1,171 MSEK and 3,449 MSEK of undrawn credit facilities INDICATIVE GUIDANCE FOR Q4 2021 * Net revenue 1,350-1,500 MSEK Adjusted EBIT 425-475 MSEK 2020 2020 Jul - Sep Jan - Sep Jan - Sep 986 41 1,027 2,880 31 3,994 19 4,013 785 2,910 306 748 419 1,094 1,342 33 41 38 454 1,135 472 1,236 46 42 258 611 154 418 832 832 0.7 0.7 2021 1,488 1,568 39 613 427 1,256 1.2 Last 12 months 5,078 15 5,094 1,030 1,741 34 1,906 2,028 40 801 590 1,256 1.2 2020 Jan - Dec 3,964 27 3,991 993 1,493 37 1,553 1,697 43 799 581 1,032 0.9 * The assumed exchange rates used for Q4 YTD is 8.5075 for USD / SEK and 10.1426 for EUR / SEK , which is the average YTD rate as of October 2021 closing .