In three months, LINE earned $60 million from games

LINE Corporation shared preliminary financial indicators for the 3rd quarter of the current fiscal year.

Total revenue was $194 million, which indicates a 48% increase compared to the previous quarter. $100 million accounted for net sales. According to the company’s representatives, such high results were the result of an increase in the number of purchases made in applications.

Now the LINE network supports 39 games, the share of IAP from games accounts for about 60% of sales (of net sales), while stickers bring 20% of the money. 

Now LINE has 280 million users, and the company considers itself the market leader in Japan, Taiwan and Thailand. According to forecasts, by the end of the year the number of users will grow to 300 million. 

According to rumors, LINE intends to enter an IPO in 2014, and it estimates itself at $ 10 billion.

Source: www.pocketgamer.biz