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Stillfront reaps rewards of Kixeye acquisition in Q3

Revenue from Core games division rises almost 200% following $90m deal

Stillfront Group saw a quick effect on its primary concern from the procurement of Kixeye, with income and benefit making huge gains in the second from last quarter.

In the three months finished September 20, 2019, Stillfront Group earned MSEK 517 million (€48.4m) in income, up 64% over the earlier year. Balanced EBITDA for the period was MSEK 208 million (€19.5m), an expansion of 73% year-on-year.

The most clear zone of development was in the organization’s Core division, where income expanded practically 200% to MSEK 289 million (€27.1m) – 57% of all game income.

The most striking change over Q3 of a year ago was the expansion of four Kixeye items to the class: Battle Pirates, Vega Conflict, War Commander and War Commander: Rogue Assault. Stillfront gained Kixeye for $90 million toward the beginning of June.

“With Kixeye now combined, we have built up a rich blend in the portfolio and the biggest game presently speaks to under 15% of all out incomes,”

CEO Jörgen Larsson

Stillfront, which additionally claims Goodgame Studios, shut the quarter with 689 workers, up from 417 per year back.

After the quarter finished, Goodgame Studios propelled Empire: Age of Knights, the most recent section in its Empire arrangement, which has pulled in 200 million players in its lifetime.

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