Like Iron Throne: The Firstborn

announced 12/23/2021 via BNC Analysis

KIXEYE, Inc, will acquire Iron Throne: The Firstborn

synopsis: KIXEYE Studios, a Stillfront Group AB studio, has entered into an agreement and acquired the game Rise of Firstborn, although the name changed from Iron Throne: The Firstborn. a popular mobile turn-based strategy game developed and published by Netmarble Corporation.
buyer parent: Stillfront Group AB
buyer: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict. "
target parent: Netmarble
target: Iron Throne: The Firstborn
Iron Throne: The Firstborn (Rise of the Firstborn) is a popular mobile turn-based strategy game developed and published by Netmarble Corporation. Join the epic war on a restless battlefield against players worldwide. Rally with players across the world and lay waste on the battlefield.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/3/2022 via gamesindustry.biz

Tilting Point, acquired AN Games Co., Ltd.

synopsis: Tilting Point, a leading free-to-play games publisher, has acquired AN Games, a South Korean game developer. AN Games specializes in developing mobile strategy games for global audiences. Their titles include AstroNest, Cosmic Kingdoms, Galactic Heroes, AstroNest - The Beginning, AstroKings, and more.
buyer: Tilting Point
Tilting Point is a next-generation games partner that provides top development studios with capital, expert resources, services, and operational support to scale the success of high-quality free-to-play games. "
target: AN Games Co., Ltd.
AN Games is a South Korean game developer. AN Games specializes in developing mobile strategy games for global audiences. Their titles include AstroNest, Cosmic Kingdoms, Galactic Heroes, AstroNest - The Beginning, AstroKings, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/27/2022 via GlobeNewswire

Nexters Inc., will acquire RJ Games LTD

synopsis: International gaming company Nexters Inc. is to acquire RJ Games, a veteran game development studio which has a vast experience in developing social games in various genres - from casual adventure to strategy games.
buyer: Nexters Inc. (GDEV:$384.49)
Nexters is an international game development company which strives to introduce the joy of core gaming experiences to casual players. "
target: RJ Games LTD
Founded in 2013, RJ Games is a veteran game development studio which has a vast experience in developing social games in various genres - from casual adventure to strategy games.
price ($mm)
$15*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/4/2021 via BNC Analysis

Gold Town Games AB, acquired Grand Pike

synopsis: Gold Town Games, a game development company in Sweden, has acquired a 53.3% stake in Grand Pike, a mobile gaming studio in Sweden. Grand Pike aims to create engaging games with high player value. Their first title, Spelldust, is a wizard themed real-time strategy game that allows players to duel each other with spell cards.
buyer: Gold Town Games AB (NGM:GTG MTF:$1.89)
Gold Town Games AB is a game development company based in Skelleftea, Sweden. The company consists of a group of people with solid experience in the free-to-play format for mobile games. The company focuses on sports management games for the two largest mobile platforms iOS and Android. "
target: Grand Pike
Grand Pike is a mobile gaming studio in Sweden. Grand Pike aims to create engaging games with high player value. Their first title, Spelldust, is a wizard themed real-time strategy game that allows players to duel each other with spell cards.
price ($mm)
$1.24*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/14/2021 via Reuters

Nuverse (Hong Kong) Ltd, acquired C4games

synopsis: Nuverse, a video game developer and publisher in Hong Kong, has acquried C4games, a mobile game developer in China. C4games develops high quality role-playing games (RPG) and strategy games that focus on innovation and providing players with enjoyment. Their titles include Red Alert OL, Idle Girl, and I Shall Seal the Heavens.
buyer parent: ByteDance
buyer: Nuverse (Hong Kong) Ltd
Nuverse, based in Hong Kong, is a game development and publishing company for players and developers around the world. They are dedicated to serving gamers worldwide by offering top-tier games, building a global community, and providing fun and inspiring experiences for every gamer. "
target: C4games
C4games is a mobile game developer in China. C4games develops high quality role-playing games (RPG) and strategy games that focus on innovation and providing players with enjoyment. Their titles include Red Alert OL, Idle Girl, and I Shall Seal the Heavens.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/9/2019 via BNC Analysis

Scopely, acquired Digit Game Studios

synopsis: Scopely, a global interactive entertainment company and a leading mobile games publisher, has acquired Digit Game Studios, Ireland's largest games developer, home to a talented team and the creator of free-to-play mobile strategy games. Their first game, Kings of the Realm, became a top grossing game in over 50 countries.
buyer: Scopely
Scopely is a global interactive entertainment company and a leading mobile games publisher. With a diverse portfolio of original and beloved franchises, Scopely games are created with world-class partners and provide immersive experiences for millions of casual and core gamers around the world. "
target: Digit Game Studios
Digit Game Studios is Ireland's largest games developer, home to a talented team and the creator of free-to-play mobile strategy games. Their first game, Kings of the Realm, became a top grossing game in over 50 countries.
price ($mm)
rev ($mm)
$400
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 4/10/2019 via Company Press Release

Vespa Inc, acquired Cocoon Games

synopsis: Vespa , a strategy MMO game developer and the creator of "King's Raid", acquired Cocoon Games, the developers behind the mobile strategy game “Song of War”. Both companies are based in South Korea.
buyer: Vespa Inc (KOSDAQ:A299910:$109.59)
Vespa, Inc is a leading game developer based in Seoul, South Korea. They are the creators behind "King’s Raid", a mobile game that’s available on all app stores. "
target: Cocoon Games
Cocoon Games is a mobile game developer based in South Korea. They are the developers behind the strategy game “Song of War”, which is available on all app stores. They are always in the process of developing new games and updating their current projects to keep up with the evolution of gamers.
price ($mm)
$7.30*
rev ($mm)
$0
EBITDA ($mm)
EV / rev
50.7x
EV / EBITDA
closed 10/5/2017 via Company Press Release

Kongregate Inc., acquired Synapse Games

synopsis: Kongregate, the San Francisco based cross platform games publisher and developer, has acquired 100% of Synapse Games. Founded in 2008, Chicago based Synapse Games employs a team of 22 and develops free to play strategy and collectible card games.
buyer parent: Modern Times Group MTG AB
buyer: Kongregate Inc.
Kongregate is a leading mobile & PC game publisher and web gaming portal. Through their publishing program, they work closely with game developers to provide a multitude of services to help great games become even better. "
target: Synapse Games
Synapse Games is exploding onto the mobile gaming market after over eight years experience making social games. They are a fun but fast-paced team, working on several deeply strategic multiplayer games. They push for the extra mile at all times to get as much polish into each of their games.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2016 via BNC Analysis

Mail.Ru LLC, acquired Pixonic LLC

synopsis: Mail.Ru, one of Russia’s top internet companies, has acquired developer Pixonic. The studio’s War Robots, a strategy game featuring legged combat vehicles for iOS and Android, is a major hit in globally.
buyer: Mail.Ru LLC (LSE:MAIL:$1,350.66)
Mail.Ru Group develops Internet communications and entertainment services in Russia and globally. Today, the company operates Russian language social networks Vkontakte (VK), Odnoklassniki (OK) and Moi Mir (My World), instant messenger services in Russia — Agent Mail.Ru and ICQ and more. "
target: Pixonic LLC
Mobile game developer Pixonic, based in Moscow, is known for War Robots, a strategy game featuring legged combat vehicles for iOS and Android.
price ($mm)
$20
rev ($mm)
$6
EBITDA ($mm)
EV / rev
4.8x
EV / EBITDA
announced 12/29/2020 via Company Press Release

Three Gates AB, will acquire gameXcite GmbH

synopsis: Three Gates AB, a game development company in Sweden, will acquire gameXcite GmbH, a German video game publisher and developer that develops PC, console and mobile games. gameXcite aims to create fun and innovative online games. Their key title, Asterix & Friends, is a building strategy game with RPG elements.
buyer: Three Gates AB (NGM:GATE:$2.39)
Three Gates AB is a publicly listed game development company based on the island of Gotland, off the east coast of Sweden. Founded in 2011, Three Gates is a team of experienced professionals, all gathered in a unique location with an unwavering drive and passion for the video game sector. "
target: gameXcite GmbH
gameXcite is a German video game publisher and developer that develops PC, console and mobile games. gameXcite aims to create fun and innovative online games. Their key title, Asterix & Friends, is a building strategy game with RPG elements.
price ($mm)
$1.04
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/3/2019 via Company Press Release

Stillfront Group AB, will acquire KIXEYE, Inc

synopsis: Sweden's Stillfront Group AB, a global group of gaming studios and a market leader in the free-to-play online strategy games genre, has entered into an agreement to acquire KIXEYE, Inc. a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices.
buyer: Stillfront Group AB (OM:SF:$595.65)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
target: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict.
price ($mm)
$90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/21/2018 via GlobeNewswire

Stillfront Group AB, acquired Imperia Online JSC

synopsis: Stillfront Group AB announces its acquisition of 100% of the shares in Imperia Online JSC, a leading game developer and publisher in Southeastern Europe with focus on long term gamer relations. Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide.
buyer: Stillfront Group AB (OM:SF:$595.65)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Imperia Online JSC
Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide. The Company's flagship title is Imperia Online, a medieval Massively multiplayer online (MMO) strategy game for both browser and mobile platforms.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/17/2022 via BusinessWire

Rollic, acquired Popcore GmbH

synopsis: Zynga Inc., a wholly-owned publishing label of Take-Two Interactive, a global leader in interactive entertainment, announced that its subsidiary Rollic has acquired Popcore, an independent mobile game developer based in Germany. Rollic is an Istanbul-based game developer and publisher, focused on free-to-play hyper-casual games for iOS and Android.
buyer parent: Take-Two Interactive Software, Inc.
buyer: Rollic
Founded in December 2018, Rollic is an Istanbul-based game developer and publisher, focused on free-to-play hyper-casual games for iOS and Android. "
target: Popcore GmbH
Popcore is a Berlin-based game developer, focused on ad driven free-to-play games for iOS and Android. They have developed and released chart-topping games including Parking Jam, Pull the Pin, Scavenger Hunt and Tap Away that have been downloaded more than 500 million times across iOS and Android.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/23/2022 via BNC Analysis

Games Mobile ST LTD, will acquire Innova Intellectual Properties S.à r.l.

synopsis: Games Mobile ST LTD, an international group of companies focused on the gaming sector, will acquire Innova Intellectual Properties S.à r.L. from Enad Global 7 AB (publ), a global gaming cooperative. Innova is a video game publisher in Russia. Innova focuses on publishing free-to-play Massively Multiplayer Online Role-Playing Game (MMORPG) titles.
buyer: Games Mobile ST LTD
Games Mobile ST LTD is an international group of companies focused on the gaming sector. Games Mobile ST LTD offers a full range of services to clients in the gaming sector, including game development and graphic design, advertising and publishing, and other services. "
target parent: Enad Global 7 AB
target: Innova Intellectual Properties S.à r.l.
Innova is a leading video game publisher in Russia. Innova focuses on publishing free-to-play Massively Multiplayer Online Role-Playing Game (MMORPG) titles. Their games include Lineage 2, Ragnarök Online, Point Blank, Aion, RF Online and more. The company also publishes indie mobile games.
price ($mm)
$20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/29/2022 via BusinessWire

Sony Interactive Entertainment LLC, will acquire Savage Game Studios

synopsis: Sony Interactive Entertainment announced that it has entered into a definitive agreement to acquire Savage Game Studios, a mobile game development studio with offices in Helsinki and Berlin.
buyer parent: Sony Corporation
buyer: Sony Interactive Entertainment LLC
Recognized as a global leader in interactive and digital entertainment, Sony Interactive Entertainment is responsible for the PlayStation® brand and family of products and services. PlayStation has delivered innovation to the market since the launch of the original PlayStation in Japan in 1994. "
target: Savage Game Studios
Savage Game Studios is a mobile game development studio with offices in Helsinki and Berlin. They make action games with epic stories to foster lasting connections with players around the world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/10/2022 via PR Newswire

Spin Master Corp, acquired Nørdlight

synopsis: Spin Master Corp., a leading global children's entertainment company, announced the acquisition of Nørdlight, a digital game studio based in Stockholm, Sweden. Spin Master initially made a minority investment in Nørdlight in August 2021 through Spin Master Ventures.
buyer: Spin Master Corp (TSX:TOY:$2,042.40)
Spin Master is a Canadian global toy and entertainment company that has been designing, developing, manufacturing, and marketing consumer products for children around the world since 1994. "
target: Nørdlight
The Nørdlight team comes with over 50 years of combined experience in the mobile games industry, delivering some of the largest grossing mobile games in history including running the prototype team at King.com and leading the technology and art for digital games titles including Candy Crush Saga.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/12/2022 via BNC Analysis

Dorian Inc., acquired Nix Hydra Games

synopsis: Female-founded and led social storytelling platform Dorian has acquired mobile game developer Nix Hydra Games and its flagship titles. This acquisition is a part of Dorian’s growth strategy, connecting fans and independent creators to popular IPs, monetisation features, and code-free creation tools.
buyer: Dorian Inc.
Dorian is the world's first game creation and streaming platform that enables creators to turn fiction into games with zero coding. Dorian’s mission is to empower millions of female and diverse creators to unlock their vision in a game format and run their own game businesses. "
target: Nix Hydra Games
Nix Hydra is a female-founded mobile game studio with a portfolio of games and apps that are enjoyed by over 23 million people worldwide. Nix Hydra focuses on empowering underrepresented communities through games and interactive storytelling.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/7/2022 via BNC Analysis

Kongregate Inc., will acquire Gamaga

synopsis: Kongregate, a leading game publisher and web gaming portal, will acquire Gamaga, a leading game development studio in Chile. Gamaga has worked with established brands like Sony, Div3rsion and iEntertainment Network on multiple successful mobile games. Their titles include Farm Idle Moo Tycoon, Cobra Kai: Card Fighter, Banana Kong, and more.
buyer parent: Modern Times Group MTG AB
buyer: Kongregate Inc.
Kongregate is a leading game publisher and web gaming portal. Kongregate’s mobile games have been downloaded tens of millions of times and have hundreds of millions of gameplays. Kongregate's web portal features over 100,000 free games played by tens of millions of players per month. "
target: Gamaga
Gamaga is a leading game development studio in Chile. Gamaga has worked with established brands like Sony, Div3rsion and iEntertainment Network on multiple successful mobile games. Their titles include Farm Idle Moo Tycoon, Cobra Kai: Card Fighter, Banana Kong, Operate Now, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/29/2022 via BNC Analysis

Miniclip, will acquire SYBO ApS

synopsis: Miniclip, a mobile game developer in Europe, will acquire SYBO, a mobile games studio in Denmark. SYBO strives to craft meaningful experiences that can be enjoyed by everyone, regardless of their skill. Their titles include Subway Surfers and Blades of Brim.
buyer parent: Tencent Holdings Ltd.
buyer: Miniclip
Miniclip, based in Switzerland, is a global leader in digital games with a mission of unleashing the gamer in everyone. The Company develops, publishes and distributes highly engaging games to an audience of over 250 million monthly active users across mobile, social and online platforms. "
target: SYBO ApS
SYBO is a mobile games studio in Denmark. SYBO strives to craft meaningful experiences that can be enjoyed by everyone, regardless of their skill. Their titles include Subway Surfers and Blades of Brim.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/17/2022 via BNC Analysis

Digital Bros S.p.A., will acquire D3 Go!

synopsis: Digital Bros, a video game developer and publisher based in Italy, will acquire D3 Go! from D3 Publisher, a Japanese video game developer and publisher. D3 Go! is a global publisher and developer of mobile games. Their games include Puzzle Quest: The Legend Returns, Alien: Blackout, Adventure Gnome, Word Designer: Country Home, and more.
buyer: Digital Bros S.p.A. (BIT:DIB:$118.16)
Digital Bros is a video game developer and publisher based in Italy. Digital Bros creates video games for all Consoles, PC, Mobile and Streaming platforms, and distributes them worldwide through digital and retail channels. Their games include Ghostrunner, Portal Knights, Gems of War, and more. "
target parent: BANDAI NAMCO Holdings, Inc.
target: D3 Go!
D3 Go! is a global publisher and developer of mobile games. D3 Go! is dedicated to creating the gaming best experiences for their players. Their games include Puzzle Quest: The Legend Returns, Alien: Blackout, Adventure Gnome, Word Designer: Country Home, and more.
price ($mm)
$1.50
rev ($mm)
$19
EBITDA ($mm)
EV / rev
0.3x
EV / EBITDA
announced 12/23/2021 via BNC Analysis

KIXEYE, Inc, will acquire Iron Throne: The Firstborn

synopsis: KIXEYE Studios, a Stillfront Group AB studio, has entered into an agreement and acquired the game Rise of Firstborn, although the name changed from Iron Throne: The Firstborn. a popular mobile turn-based strategy game developed and published by Netmarble Corporation.
buyer parent: Stillfront Group AB
buyer: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict. "
target parent: Netmarble
target: Iron Throne: The Firstborn
Iron Throne: The Firstborn (Rise of the Firstborn) is a popular mobile turn-based strategy game developed and published by Netmarble Corporation. Join the epic war on a restless battlefield against players worldwide. Rally with players across the world and lay waste on the battlefield.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/23/2021 via BNC Analysis

KIXEYE, Inc, will acquire Iron Throne: The Firstborn

synopsis: KIXEYE Studios, a Stillfront Group AB studio, has entered into an agreement and acquired the game Rise of Firstborn, although the name changed from Iron Throne: The Firstborn. a popular mobile turn-based strategy game developed and published by Netmarble Corporation.
buyer parent: Stillfront Group AB
buyer: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict. "
target parent: Netmarble
target: Iron Throne: The Firstborn
Iron Throne: The Firstborn (Rise of the Firstborn) is a popular mobile turn-based strategy game developed and published by Netmarble Corporation. Join the epic war on a restless battlefield against players worldwide. Rally with players across the world and lay waste on the battlefield.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/3/2019 via Company Press Release

Stillfront Group AB, will acquire KIXEYE, Inc

synopsis: Sweden's Stillfront Group AB, a global group of gaming studios and a market leader in the free-to-play online strategy games genre, has entered into an agreement to acquire KIXEYE, Inc. a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices.
buyer: Stillfront Group AB (OM:SF:$595.65)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
target: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict.
price ($mm)
$90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/23/2021 via BNC Analysis

KIXEYE, Inc, will acquire Iron Throne: The Firstborn

synopsis: KIXEYE Studios, a Stillfront Group AB studio, has entered into an agreement and acquired the game Rise of Firstborn, although the name changed from Iron Throne: The Firstborn. a popular mobile turn-based strategy game developed and published by Netmarble Corporation.
buyer parent: Stillfront Group AB
buyer: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict. "
target parent: Netmarble
target: Iron Throne: The Firstborn
Iron Throne: The Firstborn (Rise of the Firstborn) is a popular mobile turn-based strategy game developed and published by Netmarble Corporation. Join the epic war on a restless battlefield against players worldwide. Rally with players across the world and lay waste on the battlefield.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/29/2020 via Company Press Release

Three Gates AB, will acquire gameXcite GmbH

synopsis: Three Gates AB, a game development company in Sweden, will acquire gameXcite GmbH, a German video game publisher and developer that develops PC, console and mobile games. gameXcite aims to create fun and innovative online games. Their key title, Asterix & Friends, is a building strategy game with RPG elements.
buyer: Three Gates AB (NGM:GATE:$2.39)
Three Gates AB is a publicly listed game development company based on the island of Gotland, off the east coast of Sweden. Founded in 2011, Three Gates is a team of experienced professionals, all gathered in a unique location with an unwavering drive and passion for the video game sector. "
target: gameXcite GmbH
gameXcite is a German video game publisher and developer that develops PC, console and mobile games. gameXcite aims to create fun and innovative online games. Their key title, Asterix & Friends, is a building strategy game with RPG elements.
price ($mm)
$1.04
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/3/2019 via Company Press Release

Stillfront Group AB, will acquire KIXEYE, Inc

synopsis: Sweden's Stillfront Group AB, a global group of gaming studios and a market leader in the free-to-play online strategy games genre, has entered into an agreement to acquire KIXEYE, Inc. a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices.
buyer: Stillfront Group AB (OM:SF:$595.65)
Headquartered in Sweden, Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Their diverse and exciting game portfolio has two common themes; loyal users and long lifecycle games. "
target: KIXEYE, Inc
KIXEYE, Inc is a leading developer and publisher of massively multiplayer online real-time strategy games (MMORTS) for PC and mobile devices with four live games. Their biggest titles are Battle Pirates, War Commander, and VEGA Conflict.
price ($mm)
$90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/21/2018 via GlobeNewswire

Stillfront Group AB, acquired Imperia Online JSC

synopsis: Stillfront Group AB announces its acquisition of 100% of the shares in Imperia Online JSC, a leading game developer and publisher in Southeastern Europe with focus on long term gamer relations. Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide.
buyer: Stillfront Group AB (OM:SF:$595.65)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Imperia Online JSC
Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide. The Company's flagship title is Imperia Online, a medieval Massively multiplayer online (MMO) strategy game for both browser and mobile platforms.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/3/2022 via gamesindustry.biz

Tilting Point, acquired AN Games Co., Ltd.

synopsis: Tilting Point, a leading free-to-play games publisher, has acquired AN Games, a South Korean game developer. AN Games specializes in developing mobile strategy games for global audiences. Their titles include AstroNest, Cosmic Kingdoms, Galactic Heroes, AstroNest - The Beginning, AstroKings, and more.
buyer: Tilting Point
Tilting Point is a next-generation games partner that provides top development studios with capital, expert resources, services, and operational support to scale the success of high-quality free-to-play games. "
target: AN Games Co., Ltd.
AN Games is a South Korean game developer. AN Games specializes in developing mobile strategy games for global audiences. Their titles include AstroNest, Cosmic Kingdoms, Galactic Heroes, AstroNest - The Beginning, AstroKings, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/27/2022 via GlobeNewswire

Nexters Inc., will acquire RJ Games LTD

synopsis: International gaming company Nexters Inc. is to acquire RJ Games, a veteran game development studio which has a vast experience in developing social games in various genres - from casual adventure to strategy games.
buyer: Nexters Inc. (GDEV:$384.49)
Nexters is an international game development company which strives to introduce the joy of core gaming experiences to casual players. "
target: RJ Games LTD
Founded in 2013, RJ Games is a veteran game development studio which has a vast experience in developing social games in various genres - from casual adventure to strategy games.
price ($mm)
$15*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/4/2021 via BNC Analysis

Gold Town Games AB, acquired Grand Pike

synopsis: Gold Town Games, a game development company in Sweden, has acquired a 53.3% stake in Grand Pike, a mobile gaming studio in Sweden. Grand Pike aims to create engaging games with high player value. Their first title, Spelldust, is a wizard themed real-time strategy game that allows players to duel each other with spell cards.
buyer: Gold Town Games AB (NGM:GTG MTF:$1.89)
Gold Town Games AB is a game development company based in Skelleftea, Sweden. The company consists of a group of people with solid experience in the free-to-play format for mobile games. The company focuses on sports management games for the two largest mobile platforms iOS and Android. "
target: Grand Pike
Grand Pike is a mobile gaming studio in Sweden. Grand Pike aims to create engaging games with high player value. Their first title, Spelldust, is a wizard themed real-time strategy game that allows players to duel each other with spell cards.
price ($mm)
$1.24*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/14/2021 via Reuters

Nuverse (Hong Kong) Ltd, acquired C4games

synopsis: Nuverse, a video game developer and publisher in Hong Kong, has acquried C4games, a mobile game developer in China. C4games develops high quality role-playing games (RPG) and strategy games that focus on innovation and providing players with enjoyment. Their titles include Red Alert OL, Idle Girl, and I Shall Seal the Heavens.
buyer parent: ByteDance
buyer: Nuverse (Hong Kong) Ltd
Nuverse, based in Hong Kong, is a game development and publishing company for players and developers around the world. They are dedicated to serving gamers worldwide by offering top-tier games, building a global community, and providing fun and inspiring experiences for every gamer. "
target: C4games
C4games is a mobile game developer in China. C4games develops high quality role-playing games (RPG) and strategy games that focus on innovation and providing players with enjoyment. Their titles include Red Alert OL, Idle Girl, and I Shall Seal the Heavens.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/9/2019 via BNC Analysis

Scopely, acquired Digit Game Studios

synopsis: Scopely, a global interactive entertainment company and a leading mobile games publisher, has acquired Digit Game Studios, Ireland's largest games developer, home to a talented team and the creator of free-to-play mobile strategy games. Their first game, Kings of the Realm, became a top grossing game in over 50 countries.
buyer: Scopely
Scopely is a global interactive entertainment company and a leading mobile games publisher. With a diverse portfolio of original and beloved franchises, Scopely games are created with world-class partners and provide immersive experiences for millions of casual and core gamers around the world. "
target: Digit Game Studios
Digit Game Studios is Ireland's largest games developer, home to a talented team and the creator of free-to-play mobile strategy games. Their first game, Kings of the Realm, became a top grossing game in over 50 countries.
price ($mm)
rev ($mm)
$400
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 4/10/2019 via Company Press Release

Vespa Inc, acquired Cocoon Games

synopsis: Vespa , a strategy MMO game developer and the creator of "King's Raid", acquired Cocoon Games, the developers behind the mobile strategy game “Song of War”. Both companies are based in South Korea.
buyer: Vespa Inc (KOSDAQ:A299910:$109.59)
Vespa, Inc is a leading game developer based in Seoul, South Korea. They are the creators behind "King’s Raid", a mobile game that’s available on all app stores. "
target: Cocoon Games
Cocoon Games is a mobile game developer based in South Korea. They are the developers behind the strategy game “Song of War”, which is available on all app stores. They are always in the process of developing new games and updating their current projects to keep up with the evolution of gamers.
price ($mm)
$7.30*
rev ($mm)
$0
EBITDA ($mm)
EV / rev
50.7x
EV / EBITDA
closed 10/5/2017 via Company Press Release

Kongregate Inc., acquired Synapse Games

synopsis: Kongregate, the San Francisco based cross platform games publisher and developer, has acquired 100% of Synapse Games. Founded in 2008, Chicago based Synapse Games employs a team of 22 and develops free to play strategy and collectible card games.
buyer parent: Modern Times Group MTG AB
buyer: Kongregate Inc.
Kongregate is a leading mobile & PC game publisher and web gaming portal. Through their publishing program, they work closely with game developers to provide a multitude of services to help great games become even better. "
target: Synapse Games
Synapse Games is exploding onto the mobile gaming market after over eight years experience making social games. They are a fun but fast-paced team, working on several deeply strategic multiplayer games. They push for the extra mile at all times to get as much polish into each of their games.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2016 via BNC Analysis

Mail.Ru LLC, acquired Pixonic LLC

synopsis: Mail.Ru, one of Russia’s top internet companies, has acquired developer Pixonic. The studio’s War Robots, a strategy game featuring legged combat vehicles for iOS and Android, is a major hit in globally.
buyer: Mail.Ru LLC (LSE:MAIL:$1,350.66)
Mail.Ru Group develops Internet communications and entertainment services in Russia and globally. Today, the company operates Russian language social networks Vkontakte (VK), Odnoklassniki (OK) and Moi Mir (My World), instant messenger services in Russia — Agent Mail.Ru and ICQ and more. "
target: Pixonic LLC
Mobile game developer Pixonic, based in Moscow, is known for War Robots, a strategy game featuring legged combat vehicles for iOS and Android.
price ($mm)
$20
rev ($mm)
$6
EBITDA ($mm)
EV / rev
4.8x
EV / EBITDA
announced 11/1/2022 via BNC Analysis

NetFlix, will acquire Spry Fox LLC

synopsis: Netflix will acquire independent game developer Spry Fox, which will become its sixth in-house games studio. Spry Fox is currently developing Cozy Grove 2 and a still unannounced “larger, non-violent massively multiplayer online game."
buyer: NetFlix (NFLX:$29,697.84)
Netflix is one the world's leading entertainment services with 221 million paid memberships in over 190 countries enjoying TV series, documentaries, feature films and mobile games across a wide variety of genres and languages. "
target: Spry Fox LLC
Spry Fox is an award-winning independent studio focused on cozy, original games. Their games include Cozy Grove, Alphabear and Alphabear 2, Bushido Bear, Road Not Taken, and Triple Town.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2022 via BusinessWire

Blizzard Entertainment, acquired Proletariat

synopsis: Blizzard Entertainment has closed the acquisition of Boston-based Proletariat, an award-winning independent game developer with the mission to create games that change the way communities play together.
buyer parent: Activision Blizzard
buyer: Blizzard Entertainment
Blizzard Entertainment, Inc. is an American video game developer and publisher. Blizzard created several successful video games, including the Warcraft sequels, StarCraft, and Diablo series, and the MMORPG World of Warcraft. "
target: Proletariat
Founded in 2012 in Boston, MA, by a group of game-industry veterans from Harmonix, Turbine, and Insomniac, Proletariat is an award-winning independent game developer with the mission to create games that change the way communities play together.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/13/2022 via PR Newswire

Planet Green Holdings Corp., will acquire Allinyson Ltd

synopsis: Planet Green Holdings Corp., a modern technology enterprise in China with holdings in a variety of markets, will acquire Allinyson Ltd., a video game development company incorporated in the State of Colorado and owns subsidiaries in Hong Kong and China. Allinyson develops and operates online games.
buyer: Planet Green Holdings Corp. (PLAG:$37.77)
Planet Green Holdings Corp. is a modern technology enterprise in China with holdings in a variety of markets. Planet Green Holdings Corp. nurtures its businesses with corporate principles of honesty, integrity, and innovation. Their companies are involved in tea production and SaaS solutions. "
target: Allinyson Ltd
Allinyson is a video game development company incorporated in the State of Colorado and owns subsidiaries in Hong Kong and China.. Allinyson develops and operates online games.
price ($mm)
$6.45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/29/2020 via Yahoo, Inc.

7Road, will acquire LOCOJOY Inc.

synopsis: 7Road, a top developer and an international distributor of web games and mobile games, is to acquire LOCOJOY Inc., a company that engages in developing games across iOS, Android, and Flash in Chinese, English, Japanese, Korean, Spanish, and Arabic, among others. Both companies are based in China.
buyer: 7Road (SEHK:797:$28.64)
Founded in 2008 and headquartered in Shenzhen's NanShan Science and Technology Park, 7Road is a top developer and an international distributor of web games and mobile games. As a pioneer in expanding the global gaming market, 7Road is the top 1 grossing company in the browser game market. "
target: LOCOJOY Inc.
LOCOJOY Inc. engages in developing games across iOS, Android, and Flash in Chinese, English, Japanese, Korean, Spanish, and Arabic, among others. The company was founded in 2011 and is based in Beijing, China.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/24/2019 via BNC Analysis

Media and Games Invest plc, acquired gamigo AG

synopsis: Media and Games Invest, a German strategic investment-holding, that focuses on a buy, build, and sell strategy of fast-growing companies, has acquired majority interest in gamigo AG, a German company that has developed into one of the leading publishers of online and mobile games in Europe and North America.
buyer: Media and Games Invest plc (XTRA:M8G:$279.92)
Media and Games Invest plc (MGI) is a German strategic investment-holding, that focuses on a buy, build, and sell strategy of fast-growing companies. The MGI portfolio companies are growing via acquisitions plus organic growth and new technologies. "
target: gamigo AG
Headquartered in Germany, Gamigo has developed into one of the leading publishers of online and mobile games in Europe and North America. Gamigo grows via organic growth as well as through acquisitions and has made acquisitions in games, media, technology companies and individual game assets.
price ($mm)
rev ($mm)
$61
EBITDA ($mm)
$5
EV / rev
0.0x
EV / EBITDA
0.0x
closed 3/27/2019 via BNC Analysis

Kabam, Inc., acquired Riposte Games & Co

synopsis: Kabam, a Vancouver based world leader of developing entertaining, immersive, and highly social multiplayer games for mobile devices, has acquired Riposte Games & Co, a Montreal based company that has emerged as a development powerhouse for mid core free to play games on mobile, PC, and Web.
buyer parent: Netmarble
buyer: Kabam, Inc.
Kabam is a world leader of developing entertaining, immersive, and highly social multiplayer games for mobile devices. They merge consumer behavior with the art of game design to create experiences that are enjoyed by millions of players across the globe. "
target: Riposte Games & Co
Founded in 2014, Riposte Games & Co (formerly Cloudcade Canada) has emerged as a development powerhouse for mid core free to play games on mobile, PC, and Web.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/28/2018 via gamesindustry.biz

Wargaming Group Limited, acquired Edge Case Games

synopsis: Wargaming, an online game developer and publisher headquartered in Nicosia, Cyprus, has acquired Edge Case Games, a UK-based video game developer. Edge Case Games's first game, Fracture Space, is an online team-based space combat game. The game provides tactical and explosive battles that feature large spaceships battling on a galactic stage.
buyer: Wargaming Group Limited
Wargaming is an award-winning online game developer and publisher headquartered in Nicosia, Cyprus. One of the leaders in the free-to-play MMO market, the company delivers authentic gaming experiences and services across PC, console and mobile platforms. "
target: Edge Case Games
Edge Case Games is a UK-based video game developer. The studio's first game, Fracture Space, is an online team-based space combat game. The game provides tactical and explosive battles that feature large, several kilometer-long spaceships battling on a galactic stage.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/6/2017 via GlobeNewswire

Stillfront Group AB, will acquire Goodgame Studios

synopsis: Stillfront Group, an independent creator, publisher, and distributor of digital games, is to acquire Goodgame Studios, a leading free-to-play, online games development company. They operate across web and mobile platforms and cater to over 300 million registered users worldwide.
buyer: Stillfront Group AB (OM:SF:$595.65)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront's games are distributed globally, with their main markets in Sweden, Germany, the United States and MENA. "
target: Goodgame Studios
Goodgame Studios is a leading free-to-play, online games development company. They operate across web and mobile platforms and cater to over 300 million registered users worldwide.
price ($mm)
$322
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

Like Iron Throne: The Firstborn


read more

Iron Throne: The Firstborn

AN Games Co., Ltd.

RJ Games LTD

Grand Pike

C4games

Digit Game Studios

Cocoon Games

Synapse Games

Pixonic LLC

gameXcite GmbH

KIXEYE, Inc

Imperia Online JSC

Popcore GmbH

Innova Intellectual Properties S.à r.l.

Savage Game Studios

Nørdlight

Nix Hydra Games

Gamaga

SYBO ApS

D3 Go!

read more

Iron Throne: The Firstborn

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Iron Throne: The Firstborn

KIXEYE, Inc

read more

Iron Throne: The Firstborn

gameXcite GmbH

KIXEYE, Inc

Imperia Online JSC

AN Games Co., Ltd.

RJ Games LTD

Grand Pike

C4games

Digit Game Studios

Cocoon Games

Synapse Games

Pixonic LLC

Spry Fox LLC

Proletariat

Allinyson Ltd

LOCOJOY Inc.

gamigo AG

Riposte Games & Co

Edge Case Games

Goodgame Studios

Geography
Matching Companies
Ticker: KOSDAQ:A299910
 
 
 
 
 
 
 
 
Vespa Inc
Vespa Inc
Vespa, Inc is a leading game developer based in Seoul, South Korea. They are the creators behind "King’s Raid", a mobile game that’s available on all app stores.
year
2018
rev ($mm)
$109.59
EBITDA ($mm)
$25.02
EBIT ($mm)
$24.85
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: OM:SF
 
 
 
 
 
 
 
 
Stillfront Group AB
Stillfront Group is an independent games developer and games publisher with a portfolio of high-quality games that build long player relationships. The Group includes Bytro Labs, Coldwood Interactive, Dorado Games, PowerChallenge and Simutronics.
year
2021
rev ($mm)
$595.65
EBITDA ($mm)
$155.59
EBIT ($mm)
$108.00
Net Income ($mm)
$63.10
Employees
1256
  • drill down
  • watch
Ticker: TSE:3659
 
 
 
 
 
 
 
 
NEXON Co., Ltd.
NEXON Co., Ltd.
Based in Japan, NEXON Co. is a global leader in online games, with more than 100 live games operated across more than 190 countries. Nexon pioneered micro-transactions and the free-to-play business model, and is widely credited with unmatched global expertise in sophisticated live game operations.
year
2019
rev ($mm)
$2,372.01
EBITDA ($mm)
$1,035.14
EBIT ($mm)
$970.78
Net Income ($mm)
$1,059.35
Employees
6441
  • drill down
  • watch
Ticker: KOSE:A251270
 
 
 
 
 
 
 
 
Netmarble
Netmarble Games Corp. strives to entertain audiences of all ages, and around the world, by providing great mobile gaming experiences. Established in Korea in 2000, Netmarble is the fastest-growing mobile game company in Asia and consistently ranks as a top mobile developer and publisher worldwide.
year
2021
rev ($mm)
$2,001.98
EBITDA ($mm)
$245.18
EBIT ($mm)
$150.44
Net Income ($mm)
$195.54
Employees
789
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
KRAFTON, Inc.
KRAFTON, Inc.
KRAFTON is a South Korean game development company. KRAFTON creates games for PC and mobile devices through it's various game studios. They are best known for PUBG: BATTLEGROUNDS, a battle royal shooter. The company also develops and publishes MMORPGs and mobile games.
year
2021
rev ($mm)
$1,437.15
EBITDA ($mm)
$539.02
EBIT ($mm)
$487.55
Net Income ($mm)
$396.08
Employees
1597
  • drill down
  • watch
Ticker: TSE:3632
 
 
 
 
 
 
 
 
Gree, Inc.
Gree, Inc.
GREE develops games at its studios in Japan, North America, and South Korea, producing high-ranking titles in the app markets of each region. The company was founded in 2004.
year
2018
rev ($mm)
$703.90
EBITDA ($mm)
$97.60
EBIT ($mm)
$85.11
Net Income ($mm)
$42.53
Employees
1416
  • drill down
  • watch
Ticker: NasdaqGS:BILI
 
 
 
 
 
 
 
 
Bilibili Inc.
Bilibili Inc.
Bilibili represents the iconic brand of online entertainment with a mission to enrich the everyday life of young generations in China. Bilibili is a full-spectrum online entertainment world covering a wide array of genres and media formats, including videos, live broadcasting and mobile games.
year
2018
rev ($mm)
$537.71
EBITDA ($mm)
($23.79)
EBIT ($mm)
($72.85)
Net Income ($mm)
Employees
1903
  • drill down
  • watch
Ticker: TSE:3668
 
 
 
 
 
 
 
 
Colopl Inc
Colopl Inc
Colopl is a Japanese developer that specializes in location-based mobile games. Colopl develops enjoyable games to make people's everyday lives richer. Their portfolio of mobile games include White Cat Project, Quiz RPG: The World of Mystic Wiz, Titan Slayer II, and more.
year
2020
rev ($mm)
$413.05
EBITDA ($mm)
$114.18
EBIT ($mm)
$110.34
Net Income ($mm)
$73.48
Employees
1368
  • drill down
  • watch
Ticker: JASDAQ:2138
 
 
 
 
 
 
 
 
Crooz
Crooz
Crooz, Inc. offers smartphone games to the Japanese and global markets, including original titles such as RAGNABREAK, The Knights of Avalon, Elemental Story, and Card King, in addition to games that make use of IP that represents Japan, such as HUNTER×HUNTER, NARUTO, and Final Fantasy.
year
2020
rev ($mm)
$327.62
EBITDA ($mm)
$12.99
EBIT ($mm)
$8.30
Net Income ($mm)
$0.17
Employees
278
  • drill down
  • watch
Ticker: HLSE:ROVIO
 
 
 
 
 
 
 
 
Rovio Entertainment Corporation
Rovio Entertainment Corporation
Rovio Entertainment Corporation is a games-first entertainment company, that creates, develops and publishes mobile games and acts as a brand licensor in various entertainment and consumer product categories. The Company is best known for the global Angry Birds brand, which started in 2009.
year
2020
rev ($mm)
$323.62
EBITDA ($mm)
$27.14
EBIT ($mm)
$26.48
Net Income ($mm)
$18.31
Employees
462
  • drill down
  • watch
Ticker: DSKY
 
 
 
 
 
 
 
 
iDreamSky Technology Limited
iDreamSky is the largest independent mobile game publishing platform in China based on the number of active users in 2013. The Company’s mission is to enrich mobile users’ lifestyle and deliver fun and engaging mobile games and entertainment to users.
year
2015
rev ($mm)
$190.37
EBITDA ($mm)
$3.66
EBIT ($mm)
$1.90
Net Income ($mm)
Employees
756
  • drill down
  • watch
Ticker: KOSDAQ:A06
 
 
 
 
 
 
 
 
GAMEVIL
GAMEVIL
GAMEVIL is a premier mobile game developer and publisher located in Los Angeles, USA and Seoul, South Korea. They have experience publishing hundreds of games on multiple platforms with over 400 million downloads.
year
2020
rev ($mm)
$124.97
EBITDA ($mm)
$20.23
EBIT ($mm)
$14.04
Net Income ($mm)
$16.13
Employees
200
  • drill down
  • watch
Ticker: TSE:3928
 
 
 
 
 
 
 
 
Mynet Inc.
Mynet Inc.
Mynet Inc., based in Japan, makes smartphone games. Valkyrie Crusade, which has reached over 7 million downloads worldwide, is an epic card battle and fantastic town building RPG/simulation game set in a world full of beautiful maidens.
year
2017
rev ($mm)
$112.87
EBITDA ($mm)
$19.67
EBIT ($mm)
$5.77
Net Income ($mm)
$0.11
Employees
0
  • drill down
  • watch
Ticker: TSE:3793
 
 
 
 
 
 
 
 
Drecom Co., Ltd.
Drecom Co., Ltd.
Drecom Co., Ltd. engages in the entertainment web and marketing solution businesses. The company’s Entertainment Web segment plans, develops, and provides entertainment contents to individual Internet users.
year
2019
rev ($mm)
$99.08
EBITDA ($mm)
($1.07)
EBIT ($mm)
($5.33)
Net Income ($mm)
Employees
407
  • drill down
  • watch
Ticker: SZSE:30005
 
 
 
 
 
 
 
 
Shenzhen ZQGame Co., Ltd.
Shenzhen ZQGame Co., Ltd.
ZQGame, Inc. is an online gaming company driven to create compelling entertainment experiences across online, mobile, and tablet platforms for the hardcore gamer.
year
2013
rev ($mm)
$51.93
EBITDA ($mm)
$10.47
EBIT ($mm)
$8.19
Net Income ($mm)
$8.17
Employees
  • drill down
  • watch
Ticker: OM:SF
 
 
 
 
 
 
 
 
Stillfront Group AB
Stillfront Group is an independent games developer and games publisher with a portfolio of high-quality games that build long player relationships. The Group includes Bytro Labs, Coldwood Interactive, Dorado Games, PowerChallenge and Simutronics.
year
2021
rev ($mm)
$595.65
EBITDA ($mm)
$155.59
EBIT ($mm)
$108.00
Net Income ($mm)
$63.10
Employees
1256
  • drill down
  • watch
Ticker: KOSDAQ:A299910
 
 
 
 
 
 
 
 
Vespa Inc
Vespa Inc
Vespa, Inc is a leading game developer based in Seoul, South Korea. They are the creators behind "King’s Raid", a mobile game that’s available on all app stores.
year
2018
rev ($mm)
$109.59
EBITDA ($mm)
$25.02
EBIT ($mm)
$24.85
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: SEHK:700
 
 
 
 
 
 
 
 
Tencent Holdings Ltd.
Tencent Holdings Ltd.
Tencent Holdings Limited is an investment holding company involved in providing internet and mobile value-added services (VAS), online advertising services and e-commerce transactions services
year
2021
rev ($mm)
$83,589.72
EBITDA ($mm)
$26,174.19
EBIT ($mm)
$18,482.87
Net Income ($mm)
$33,551.52
Employees
116213
  • drill down
  • watch
Ticker: NTES
 
 
 
 
 
 
 
 
NetEase, Inc.
NetEase, Inc.
NetEase, Inc. is a leading internet technology company in China. Dedicated to providing online services centered around content, community, communication and commerce, NetEase develops some of China’s most popular PC-client and mobile games, e-commerce businesses, advertising and e-mail services.
year
2021
rev ($mm)
$12,714.77
EBITDA ($mm)
$2,858.13
EBIT ($mm)
$2,382.70
Net Income ($mm)
$2,446.53
Employees
32064
  • drill down
  • watch
Ticker: SEHK:777
 
 
 
 
 
 
 
 
NetDragon WebSoft Inc.
NetDragon WebSoft Inc.
NetDragon Websoft Inc. is a leading innovator and creative force in China's online gaming and mobile internet industries. NetDragon offers many well-known mobile Internet products and services, including 91 Assistant, HiMarket, 91 Launcher,91 Panda Reader,sj.91.com and www.hiapk.com.
year
2017
rev ($mm)
$615.68
EBITDA ($mm)
$29.42
EBIT ($mm)
($7.39)
Net Income ($mm)
Employees
6446
  • drill down
  • watch
Ticker: KOSDAQ:A095660
 
 
 
 
 
 
 
 
Neowiz
Neowiz
Neowiz is a South Korean online game publisher. Neowiz develops and publishes games of all styles and sizes on a variety of platforms. Their lineup includes first-person shooters, sports games, RPGs and countless other genres. Their titles include Bless Unleashed, Brown Dust, DJMAX Respect and more.
year
2020
rev ($mm)
$257.19
EBITDA ($mm)
$60.45
EBIT ($mm)
$52.30
Net Income ($mm)
$39.93
Employees
527
  • drill down
  • watch
Ticker: BSE:532619
 
 
 
 
 
 
 
 
UTV Software Communications Limited
UTV Software Communications Limited
UTV Software Communications Ltd. is a leading media and entertainment company in India reaching more than 247 million consumers with a presence in motion pictures, television and interactive media.
year
2012
rev ($mm)
$187.54
EBITDA ($mm)
$15.85
EBIT ($mm)
$14.24
Net Income ($mm)
$4.48
Employees
  • drill down
  • watch
Ticker: JASDAQ:3758
 
 
 
 
 
 
 
 
Aeria Inc.
Aeria Inc.
Aeria Inc. primarily engages in IT services and the delivery of online games. The company also provides game software development, business systems development, and data center services. In addition, it involves in temporary staffing and real estate leasing operations.
year
2018
rev ($mm)
$186.90
EBITDA ($mm)
$31.84
EBIT ($mm)
$28.09
Net Income ($mm)
$22.06
Employees
347
  • drill down
  • watch
Ticker: SZSE:30005
 
 
 
 
 
 
 
 
Shenzhen ZQGame Co., Ltd.
Shenzhen ZQGame Co., Ltd.
ZQGame, Inc. is an online gaming company driven to create compelling entertainment experiences across online, mobile, and tablet platforms for the hardcore gamer.
year
2013
rev ($mm)
$51.93
EBITDA ($mm)
$10.47
EBIT ($mm)
$8.19
Net Income ($mm)
$8.17
Employees
  • drill down
  • watch
Ticker: SZSE:30031
 
 
 
 
 
 
 
 
Ourpalm Co.,Ltd
Ourpalm Co.,Ltd
Ourpalm was founded in Beijing in 2004 as a government licensed telecommunications and service provider. Early beginnings in web and mobile content have since evolved and secured Ourpalm a place as one of China's leading web and mobile game developer, publisher and operator of today.
year
2013
rev ($mm)
$42.29
EBITDA ($mm)
$13.99
EBIT ($mm)
$12.76
Net Income ($mm)
$15.64
Employees
  • drill down
  • watch
Ticker: TSE:3659
 
 
 
 
 
 
 
 
NEXON Co., Ltd.
NEXON Co., Ltd.
Based in Japan, NEXON Co. is a global leader in online games, with more than 100 live games operated across more than 190 countries. Nexon pioneered micro-transactions and the free-to-play business model, and is widely credited with unmatched global expertise in sophisticated live game operations.
year
2019
rev ($mm)
$2,372.01
EBITDA ($mm)
$1,035.14
EBIT ($mm)
$970.78
Net Income ($mm)
$1,059.35
Employees
6441
  • drill down
  • watch
Ticker: KOSE:A251270
 
 
 
 
 
 
 
 
Netmarble
Netmarble Games Corp. strives to entertain audiences of all ages, and around the world, by providing great mobile gaming experiences. Established in Korea in 2000, Netmarble is the fastest-growing mobile game company in Asia and consistently ranks as a top mobile developer and publisher worldwide.
year
2021
rev ($mm)
$2,001.98
EBITDA ($mm)
$245.18
EBIT ($mm)
$150.44
Net Income ($mm)
$195.54
Employees
789
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
KRAFTON, Inc.
KRAFTON, Inc.
KRAFTON is a South Korean game development company. KRAFTON creates games for PC and mobile devices through it's various game studios. They are best known for PUBG: BATTLEGROUNDS, a battle royal shooter. The company also develops and publishes MMORPGs and mobile games.
year
2021
rev ($mm)
$1,437.15
EBITDA ($mm)
$539.02
EBIT ($mm)
$487.55
Net Income ($mm)
$396.08
Employees
1597
  • drill down
  • watch
Ticker: TSE:3632
 
 
 
 
 
 
 
 
Gree, Inc.
Gree, Inc.
GREE develops games at its studios in Japan, North America, and South Korea, producing high-ranking titles in the app markets of each region. The company was founded in 2004.
year
2018
rev ($mm)
$703.90
EBITDA ($mm)
$97.60
EBIT ($mm)
$85.11
Net Income ($mm)
$42.53
Employees
1416
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Ticker: NasdaqGS:BILI
 
 
 
 
 
 
 
 
Bilibili Inc.
Bilibili Inc.
Bilibili represents the iconic brand of online entertainment with a mission to enrich the everyday life of young generations in China. Bilibili is a full-spectrum online entertainment world covering a wide array of genres and media formats, including videos, live broadcasting and mobile games.
year
2018
rev ($mm)
$537.71
EBITDA ($mm)
($23.79)
EBIT ($mm)
($72.85)
Net Income ($mm)
Employees
1903
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