Following the Japanese studios, Korean companies began to report on the financial results of the second quarter. Com2uS reported that it earned $41.5 million from April to June this year. The news contributed to an increase in the capitalization of the company on the stock market.
$41.5 million is 104% more than the company earned in the same period last year. Net revenue was $13.5 million. The main merit of high incomes is the success in the world markets of Summoners War: Sky Arena and Ace Fishing: Wild Catch. The first one has been in the box office Top 10 in 34 countries on Google Play and in 30 regions on the App Store.
The positive dynamics raised the value of Com2uS on the stock market to $1 billion.
By the way, just before January 2014, Gamevil acquired a 21% stake in Com2uS (although in October last year there were talks about a full purchase of the company). Already at the end of the first quarter of this year, it had a positive impact on the indicators of the latter. Gamevil’s contribution to success, according to Hosun Lee, Director of Business Development at Com2uS, was as follows:
Hosan Lee”Firstly, there was cross-promotion between the companies’ products.
It showed itself perfectly, including in the case of Ace Fishing. Our partners have a large base of fishing users (Fishing Superstars), which can be exchanged with the base of Com2uS users playing baseball (games 9Innings2014, HB2). Moreover, we are preparing to combine 2 platforms – Com2uS Hub and Gamevil Live into one single one.Secondly, of course, the exchange of knowledge, experience and practical skills is a very significant success factor in the global mobile market.
And thirdly, strengthening the brand’s position and awareness.”
Source: http://www.pocketgamer.biz / and zenna-apps.com