Bugbear Entertainment
Company
3 documents in the library are about Bugbear Entertainment, from writers such as Embracer Group, Neogames Finland and THQ Nordic. Each has a summary and key insights with the page they come from.
Connections
Each row is a game or company named alongside Bugbear Entertainment, each column a document, oldest first. A mark means that document names it. Select a row to see those documents.
Documents about Bugbear Entertainment
The Game Industry of Finland 2024
The Finnish game industry, a significant player in the European market and among the top five globally by turnover, demonstrates resilience and adaptability despite recent economic shifts.
- The Finnish game industry reached a record 270 active studios employing 4,300 professionals by the end of 2024.
- Annual industry turnover contracted to €2.85 billion, with private investment slowing to €128 million.
- Studios are diversifying away from a mobile-first model, with PC development now reaching parity and increased exploration of console and VR platforms.
THQ Nordic Q4 2018 Interim Report
The THQ Nordic Q4 2018 Interim Report details a period of significant financial expansion and strategic growth for the gaming group.
- THQ Nordic experienced massive financial growth in 2018, with Q4 net sales reaching SEK 1,381 million (a 441% year-over-year increase) and full-year sales hitting SEK 4,124 million (a 713% increase).
- The company reported a Q4 EBITDA of SEK 326 million, reflecting an EBITDA margin of 24%.
- The group adopted 'Operational EBIT' as a new primary KPI to better reflect underlying performance by excluding acquisition-related amortization costs.
THQ Nordic AB Acquires Bugbear Entertainment: Investor Presentation
THQ Nordic AB's investor presentation details its acquisition of Bugbear Entertainment, a Helsinki-based racing game developer, on November 14, 2018.
- THQ Nordic acquired a 90% stake in Helsinki-based Bugbear Entertainment in November 2018, with an option to purchase the remaining 10%.
- The acquisition grants THQ Nordic full ownership of Bugbear’s intellectual property, specifically the Wreckfest and Stuntfest franchises.
- Wreckfest, which sold over 400,000 units on Steam following its June 2018 release, serves as the primary driver for the acquisition due to its strong commercial performance.