Revenue growth and the dominance of Hero Wars are the highlights from the GDEV report
GDEV released its financial report for the second quarter of 2025, which spanned from April to June. Here’s what it revealed.
Hero Wars
Company Data
- Compared to last year, GDEV's revenue increased. It rose by 13% to $120 million.
- Adjusted EBITDA reached $22 million, a growth of 30%.
- At the same time, collections decreased by 14%, amounting to $92 million this quarter.
- By country, GDEV's collections were distributed as follows: 34% of the $92 million came from the US, 32% from Europe, and 19% from Asia.
Game Data
- The monthly paying audience decreased over the year from 381,000 to 312,000 people. However, the average revenue per paying player increased by 5% to $93.
- Mobile accounted for 63% of GDEV's collections, while PC made up the remaining 37%.
- Hero Wars continued to generate the overwhelming majority of collections. This time, the mobile version of the game, titled Hero Wars: Alliance, accounted for 57% of the total. The share of the desktop version, Hero Wars: Dominion Era, was an additional 37%.
- Pixel Gun 3D and Island Hoppers each contributed 3% to the quarterly collections.