Playrix investments helped to increase Panoramik's profitability by 10 times

In 2019, a gaming company with Russian roots Panoramik received investments from Playrix. This helped to significantly improve the financial performance of the studio. Today it became known that since the beginning of 2020, Panoramik’s profitability has increased 10 times.Mighty Party: Heroes Clash

The company now forecasts an increase in revenue to $130 million in 2021.

“From the very beginning, we believed in the potential of the Panoramik team. It was important for us to build work with the studio so that the guys could reveal it. We hope that our support will help the team to reach even greater heights in the future,” said Dmitry Bukhman, co—founder of Playrix.

According to Panoramik co-founder Alexander Zaitsev, the partnership with Playrix also helped the company to gain a strategic focus and focus on further growth.

Panoramik is a developer studio with Russian roots, founded in 2005 and based in Cyprus. At the end of 2019, Playrix invested in it, which became the owner of 30% of the company.

Initially, Panoramik focused on games for social networks, but later switched to midcore projects for mobile platforms. Among the main titles of the studio are Mighty Party: Heroes Clash and Auto Brawl Chess.

According to unofficial data, Mighty Party has either already overtaken Hearthstone in terms of half-year revenue, or it will do so in the near future. 

Now this Panoramik game, according to Sensor Tower, is in the top 5 highest-grossing battlers on the world market.