We expect Q4 to show continued positive momentum, supported by recent trends in key franchises and accentuated by the strong season. The upcoming Q4 report could shed some light on initial progress from opening the G5 store to third-party games, which over time holds potential to add incremental revenue with high drop-through to earnings; we do not currently incorporate this in our estimates. We reiterate our SEK 112-166 fair value range.

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