MY.GAMES' quarterly revenue was $141.8 million, which is a third of the entire revenue of the VK ecosystem
MY.GAMES summed up the financial results of the third quarter of 2021. During this time, the company earned 10 billion rubles ($141.8 million). She received the lion’s share of the proceeds from abroad.
Separately, MY.GAMES noted that its revenues from the beginning of the year to the end of September amounted to 32 billion rubles ($ 453.7 million). This is 13% more than in the first nine months of 2020.
Indicators for the third quarter:
- MY.GAMES’ quarterly revenue grew 2.3% year-on-year. It also accounted for 33% of VK‘s total consolidated revenue (formerly Mail.ru Group);
- 77% of MY.GAMES revenue was received outside of Russia and the CIS. The key foreign markets were the USA, Germany and France;
- The company’s EBITDA increased to 2.4 billion rubles ($34 million) — an annual growth of 23%.
Data on games and services:
- mobile accounted for 75% of MY.GAMES’ revenue. The most profitable games were War Robots, Warface, Hustle Castle, Rush Royale and Grand Hotel Mania;By the end of the quarter, the Rush Royale mobile game had surpassed the milestone of 14 million downloads.
- Its monthly revenue in September exceeded 400 million rubles ($5.6 million). The company indicated that these are the best figures for the premiere year among all MY.GAMES games. Recall that Rush Royale was released last fall;
- War Robots has reached an audience of 200 million players. In the third quarter, the game earned an average of 850 million rubles ($12 million) per month;
- Warface has reached 120 million players on all platforms. The game is still in the top three box office leaders among MY.GAMES projects;
- The indicators of the MY.GAMES Cloud streaming service, which is now operating in beta mode, have also increased. In the third quarter, its MAU was 150 thousand people, and game time increased to 50 million minutes per month (in the second quarter, users collectively spent about 20 million minutes per month on the service). As MY.GAMES notes, this was partly done thanks to the launch of new servers and a decrease in the average ping — it fell from 30 ms to 21 ms during the quarter. In addition, the company has solved the problem with queues for users.
In the third quarter, MY.GAMES continued to actively invest in gaming companies. In September, she invested in four studios at once, three of them from the CIS: Tvogue Games, VOX and WideView Games. Another studio is located in Spain — The Breach Studios. Also in September, MY.GAMES bought a controlling stake in the Belarusian publisher Bamboo Games.
