The MY.GAMES gaming brand has reported results for 2020. The company reported that its revenue grew by almost a third year-on-year and surpassed the mark of half a billion dollars. At the same time, more than 70% of revenues were provided by mobile games.Key data
Revenue for 2020 amounted to 40.762 billion rubles ($562 million).
- Revenues increased by 30% compared to the results for 2019 and have now reached 38% of total consolidated revenue Mail.ru Group.75% of MY.GAMES’ revenue came from foreign markets, the key of which were the USA, Germany and Japan.
- In 2020, the company released nine new titles, and 90% of its revenue came from its own IP.
- The number of registered users has reached 770 million (an increase of 21% in annual terms).
- 73% of revenue was provided by mobile games, and the most successful projects were War Robots, Hustle Castle, Grand Hotel Mania, Left to Survive and Love Sick: Interactive Stories.
- The investment division of MY.GAMES Venture Capital in 2020 invested in 12 studios and made two consolidations, with Deus Craft and BeIngame.
- Now there are only 35 studios in the MGVC portfolio.According to the CEO of the company Vasily Maguryan, MY.GAMES is already in the top 50 gaming companies in the world and plans to get into the top 25.
The company also intends to double EBITDA annually until the end of 2022.