Who owns Thunderful?
Thunderful is owned by Atari (Luxembourg, Euronext Paris: ALATA), which has owned the brand since 2025.[1][2]
Atari owns 97% of Thunderful rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Atari - Fiscal Year 2025-26 Results, Atari SA, 3 August 2026. Last checked .
Key facts
- Current owner
- Atari SA (97% stake) reported
- Owned since
- Owner HQ
- 🇱🇺 Luxembourg, Luxembourg
- Origin
- 🇸🇪 Sweden
- Category
- Technology › Game makers & platforms › Game publishers & studios
- Parent ticker
- Euronext Paris: ALATA
- Last verified
- · 2 sources
About Thunderful
Thunderful is a Swedish games developer and publisher that was listed on Nasdaq First North in Stockholm until 24 February 2026. Atari became its majority owner in August 2025 with 81.7% and raised that to 97% in January 2026, with a compulsory buyout of the rest under way. Thunderful runs five studios, owns more than 20 game properties including SteamWorld, ISLANDERS, Lost in Random and Vampire's Fall, and published Planet of Lana II in March 2026.
Ownership timeline of Thunderful
- 2025 – present Atari (97%) [1][2] reported Atari became majority shareholder with 81.7% of Thunderful Group AB when Thunderful's extraordinary general meeting approved a directed share issue on 28 August 2025, raised its holding to 97% in January 2026, and is buying out the remaining shares through a compulsory redemption.
Where Thunderful sits in Atari
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Atari ownership tree →
See the full Atari brand portfolio (7) →
Other brands owned by Atari
Atari controls 7 brands on Brandtree, 6 of them in technology.
Also in technology
Other brands in game publishers & studios, and who owns them
Atari has more brands in game publishers & studios on Brandtree than any other owner: 5 of 22.
| Brand | Owner | Owner based in |
|---|---|---|
| Brainium | PLAYSTUDIOS | 🇺🇸 United States |
| KartKraft | Motorsport Games | 🇺🇸 United States |
| Haemimont Games | Paradox Interactive | 🇸🇪 Sweden |
| DoubleDown Casino | DoubleDown Interactive | 🇰🇷 South Korea |
| Embark Studios | Nexon | 🇯🇵 Japan |
| Snail Games USA | Snail | 🇺🇸 United States |
| Unknown Worlds | KRAFTON | 🇰🇷 South Korea |
| myVEGAS | PLAYSTUDIOS | 🇺🇸 United States |
About the owner: Atari
Atari is a publicly listed company headquartered in Luxembourg, Luxembourg. Brandtree records 7 brands under its control, and it is listed as Euronext Paris: ALATA.
Atari SA is the listed video games company that owns the Atari name, which it holds through its subsidiary Atari Interactive, Inc. It was a French société anonyme until 6 July 2026, when a cross-border conversion approved by 95.25% of the votes cast made it a Luxembourg company; its shares stay on Euronext Growth Paris and it keeps offices in New York and Paris. It reports Games, Hardware and Licensing, and had revenue of €56.0 million in the year to 31 March 2026, including €11.8 million from Thunderful. Chairman and chief executive Wade Rosen controls its reference shareholder, IRATA LLC.
🇸🇪 Thunderful and other Swedish brands
Brandtree records a controlling owner for 129 brands that began in Sweden. 56 of them (43%) are now controlled by a company headquartered in another country, Thunderful among them.
- Embark Studios — Nexon 🇯🇵
- Paradox Development Studio — Paradox Interactive 🇸🇪
- & Other Stories — H&M Group 🇸🇪
- AXA — Lantmännen 🇸🇪
- Absolut — Pernod Ricard 🇫🇷
- Acast — Acast 🇸🇪
Frequently asked questions
Who is the parent company of Thunderful?
The parent company of Thunderful is Atari, a publicly listed company headquartered in Luxembourg.
Is Thunderful Swedish or Luxembourgish?
Thunderful originated in Sweden, but it is owned today by Atari, which is headquartered in Luxembourg. So Thunderful is a Swedish-origin brand under Luxembourgish ownership.
Since when has Atari owned Thunderful?
Atari has owned Thunderful since 2025.
Is Thunderful still owned by Atari?
Yes. As of 27 October 2026, Thunderful is still owned by Atari (97% stake). The ownership record was last checked against primary sources on that date.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Atari - Fiscal Year 2025-26 Results — Atari SA, Official press release, published 3 August 2026; retrieved 27 October 2026.
- [2] Atari - Half-Year 2025-2026 Results — Atari SA, Official press release; retrieved 27 October 2026.
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