Warsaw, October 11, 2022
photo: freepik.com
Warsaw, October 11, 2022
HUUUGE, INC. CLOSES THE THIRD QUARTER OF 2022 WITH ESTIMATED REVENUE * IN THE AMOUNT OF USD 77 MILLION AND AN INCREASE IN ADJUSTED EBITDA BY 39% YEAR FROM THE YEAR
AND 79% OF THE QUARTER TO THE QUARTER
Huuuge Inc., a global game developer and publisher free-to-playQ3 and estimated EBITDA for 2022
- In its second location in 2022, Huuuge generated a Q4 EBITDA of $ 24.5 million, up 39% year-on-year and 79% year-on-quarter. The company has a record profitability with the calculated EBITDA margin in the company in 2022 at the level of 32% against 17.2% in the second place and 19.2% in the next place, I will repeat the website user.
- Improvement achieved EBITDA profit was created with the total estimated revenues from sales (payments) at USD 77 million (down 16% year-on-year and 3% quarterly). The results will be available for Huuuge devices, which will be able to continue to enjoy the reign of the global mobile gaming market, which according to Sensor Tower data in the 2022 location is up 12.7%.
- Estimated revenue from Huuge’s flagship games was $ 71 million in heir 2022, a 12% decline in the low-period 2021 hint, and a 1% increase over Q2. With the update, the scope will update the economy, carried out in the 20th, as well as the next user tool, estimated revenue in update to update 22. Marketing expenses.
- Traffic Puzzle generated an estimated revenue of $ 5.6 million in the manufacturer in 2022 (down 36% year-on-year and 30% quarter-on-quarter). This decrease is due to the expenditure spent on acquiring users for this game. According to declarations of the year, Traffic Puzzle marketing spending has been reduced as architectural changes are made in the early game to transform it into a platform where you can buy many new titles. After we update, we ensure the KPI quality improvement for the customer. The goal of the game of planned updates is to increase the number of control points. September was also the first month with a positive margin on distribution in Traffic Puzzle.
Anton Gauffin, Huuuge Founder and Co-CEO: “The long-term outlook for the gaming industry looks very promising. The situation in the world is unstable at the moment, we believe that we are serving that which are meant to serve our clients. This is evidenced by Huuuge’s sales margin growth in the following 2022. A company that supports increasing profits and has resources that have access to the future, making the situation good and accompanied by an application
Rod Cousens, Co-CEO of Huuuge: “With the greatest number of market publications that still deliver information, Huuuge is following this trend. Taken by us bringing visual effects from our security features, that will be a sustained trend. Margin on sales and we maximize repair gains and repair, achievement agreed by us confirmed. Put our discipline into a cost discipline, the engineering we have adopted to improve the products will enable us to monetize them even better in the future. “
CONTACT FOR MEDIA:
Huuuge
Fred Chesher
Corporate Communications Director
[email protected]
M + G
Magda Kołodziejczyk
+48 501 16 88 07
[email protected]
Monika Pietraszek
+48 501 183 386
CONTACT FOR INVESTORS:
Huuuge
Gabriela Burdach
IR Director
[email protected]
More information on https://ir.huuugegames.com/
Huuuge Games is a global character and system publisher that has the essential free-to-play mobile system social application.
Huuuge has two flagship games. Huu, in order to play the best in the world, still focus on the casino club where they can play their best to play and compete against rivals. The Billionaire Casino is built on the success of Huuuge Casino and is a game with over 100 slots, embedded in a different aesthetic. Huuge also has movement, a minimal match-3 puzzle game.
The US-based company has 9 biurch located around the world and is listed on the Warsaw Stock Exchange.