tinyBuild earned $37 million in 2020, and its profit almost doubled

tinyBuild shared the report for fiscal year 2020 (ended December 31). The company earned $37 million, and its profit almost doubled in annual terms. At the same time, the bulk of the revenue came from previously released games.Key data from the report

Revenue amounted to $37.6 million — an increase of 35% year-on-year.

• At the same time, games from the back catalog accounted for 69% of all revenue.Adjusted EBITDA was $15.3 million— an increase of 99% year-on-year.
• According to tinyBuild CEO Alex Nichiporchik, the profit growth was influenced, among other things, by the growing number of its own IP.
• The company’s portfolio has increased to 40 games thanks to the release of five new titles.
• Among them are Totally Reliable Delivery Service and Kill It With Fire.During the reporting period, tinyBuild acquired three studios: HakJak Productions, Hologryph and Moon Moose.
• The total amount of transactions amounted to $1.3 million.After the end of the fiscal year, tinyBuild successfully entered the stock exchange and raised $50 million.
• On June 8, the company also announced the purchase of DogHelm Studios, the developers of the Streets of Rogue roguelike.
• The transaction amount may amount to $6.5 million.In the current financial year, tinyBuild intends to adhere to the chosen strategy of launching new IP, expanding through M&A transactions and entering new markets.

The company has six titles scheduled for release in the coming months. All this, according to the board of directors, will help to increase financial performance.