Revenue Mail.Ru Group with MMO games decreased by 13.5%

Revenues of Russia’s largest Internet company Mail.Ru The revenue from the gaming division for the third quarter of 2016 amounted to 1.9 billion rubles (excluding Pixonic). This is 13.5% less than a year earlier.

Skyforge
The company explains this by the very high results of the third quarter of last year and the lack of new releases.

A year ago, the company earned 2.2 billion rubles. The growth was associated with the launch of Skyforge in foreign territories and Armored Warfare. Given the drop in results, it can be assumed that the bet on these titles did not justify itself.

In the fourth quarter Mail.Ru The Group hopes for the growth of indicators. The company associates its expectations with the release of Revelation Online on the Russian market from the Chinese NetEase, as well as the growth of the indicators of the Russian studio Pixonic acquired at the beginning of this October.

The latter cost Mail.Ru Group of 1.8 billion rubles (the official amount was stated to be $30 million, the average US dollar exchange rate for October was 62.5 rubles). Pixonic’s revenues for July-September amounted to 493 million rubles. The whole Mail.Ru Group excluding this amount — 9.1 billion rubles.

Art for War Robots by Pixonic
For the first half of 2017, the company has planned: the release of Revelation Online on the international market, the release of the Skyforge version for consoles, as well as the appearance of mobile and Chinese versions of Armored Warfare.

Also in the framework of the report “Preliminary data on revenue for the third quarter of 2016” Mail.Ru The Group announced that the former CEO Dmitry Grishin is giving up his place to Boris Dobrodeev, who was previously responsible for VKontakte. Grishin will take the post of Chairman of the company’s Board of Directors.

Source: Mail.Ru Group