A publisher with Latvian roots tinyBuild shared a report for 2022. Below — briefly about the main thing from it.
▪️ tinyBuild’s operating profit was $15.9 million. Growth by 27% in annual terms.
▪️tinyBuild’s revenue continued to grow steadily. Last year, the company earned a record $63.29 million, which is 21% more than in 2021.
▪️80% of the revenue came from games from the back catalog. This is 3‱ less than in 2021.
tinyBuild noted that during the year it published three major titles, the budget for the development of which exceeded $ 1 million — their average yield was 1.9 x.
Also, tinyBuild announced that in March 2023 it acquired the studio NotGames, which developed a simulator of the director of the evening news Not for Broadcast. She immediately paid $1.5 million and promised to give another $4.2 million later if the studio reaches the necessary financial indicators.