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.