U Mail.Ru The Group continues to grow revenue from MMO games. Last year, the company earned $291 million on them
March 1 Russian IT giant Mail.Ru The Group has published a financial report. It covers both the last quarter of last year and the whole year. The company’s revenues from MMO games for both periods increased year-on-year again. Their biggest games Mail.Ru The Group calls Warface and War Robots.
Fourth quarter showed 34.6% revenue growth (YoY)
During the period from October to December last year, the company’s MMO games earned ₽5.1 billion ($92 million). This is 34.6% more than a year earlier. At the same time, pre-tax profit (EBITDA) for the quarter amounted to 1.5 billion rubles ($26.5 million). This is 55% more than a year earlier.
The company explains the growth of indicators good results of their mobile projects: the side-scroller HAWK and the humorous simulator of the medieval castle Hustle Castle.
Monthly earnings of HAWK and Hustle Castle(Data: DataMagic)
However, the main projects for Mail.Ru The Group remains the Warface shooter published by it, developed by the Kiev division of Crytek, and an MMO action movie about steel colossi
War Robots from Pixonic studio.
Most of the money earned – 55% – Mail.Ru According to the results of the fourth quarter, the Group received from the international, not the Russian market.
In 2017 Mail.Ru Group earned 53% more than in 2016
The company’s annual revenue from MMO games amounted to ₽17.4 billion ($291 million). This is 53% more than in the previous year. Pre-tax profit amounted to ₽4.7 billion ($80 million). This is 115% more than the results of 2016.
One of the reasons for such high dynamics was the company’s exemption from VAT payments from micropayments. Recall that in February last year, the Federal Tax Service of the Russian Federation partially released Mail.Ru Group from the payment of value added tax on the proceeds of MMO projects.
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Now the company plans to launch several projects for mobile devices, personal computers and consoles at once. In this regard, she expects further growth of financial indicators this year.
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