Kitka Games
Company
4 documents in the library are about Kitka Games, from writers such as GameRefinery, InvestGame and PocketGamer.biz. Each has a summary and key insights with the page they come from.
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Documents about Kitka Games
Exit Games’ $55m Stake Buyback, Gardens’ $35m+ Round and Fireshine’s $4m Fair Games Acquisition
The gaming industry experienced a week of notable financial activity, with 13 tracked transactions totaling $100.3 million.
- Exit Games bought back a 10.5% stake from Firy (formerly Skillz) for $55 million in cash, simultaneously terminating the licensing agreements established in 2021.
- Gardens raised over $35 million in a Series B funding round led by Lightspeed, bringing the studio's total capital raised to more than $70.8 million since 2021.
- Fireshine Games acquired Danish developer Fair Games, the studio behind the 2.5-million-copy-selling game Necesse, for $4 million upfront with potential earn-outs of up to $2 million plus revenue-based incentives.
Stumble Guys: Player Count, Revenue & Downloads
Stumble Guys has established itself as a significant player in the mobile gaming market, evolving from a small indie project by Finnish studio Kitka Games into a global phenomenon following its 2022 acquisition by Scopely.
- Stumble Guys has achieved significant scale with 600 million total downloads and a current base of 38 million monthly active users and 3.6 million daily active users.
- The game has generated $168 million in lifetime mobile revenue, with a peak performance of $72 million in 2022 following its acquisition by Scopely from original developer Kitka Games.
- Annual revenue has experienced a downward trend, dropping from a $72 million peak in 2022 to $23 million in 2024, with $9 million recorded for the start of 2025.
Stumbling Into a Multiplayer Hit Downloaded 2 Million Times per Day - Christof Wegmann, Photon.
The development and meteoric rise of the mobile title Stumble Guys serves as a case study in organic growth, technical scalability, and strategic exit planning within the multiplayer gaming sector.
- Stumble Guys achieved massive scale with 25 million daily active users and 2 million daily downloads without formal user acquisition spending.
- The game demonstrated high initial engagement with a 55% day-one retention rate and reached break-even status within two weeks of its August 2020 launch.
- Technical scalability was achieved by supporting 32-player physics-based sessions on low-end mobile hardware, utilizing bots to ensure match viability and solve the 'empty game' problem.
Stumble Guys vs. Eggy Party: Which Fall Guys Clone Is the King of Mobile?
The mobile gaming landscape has seen a surge in titles emulating the 60-player knockout party mechanics of Fall Guys.
- Stumble Guys has achieved significant scale with over 265 million downloads and $60 million in IAP revenue, capitalizing on the absence of an official Fall Guys mobile release.
- Stumble Guys differentiates itself from Fall Guys by integrating competitive features like tournament modes and special emotes, which introduce a pay-to-win element through mechanics like the 'Punch' and 'Slide' abilities.
- Eggy Party, published by NetEase, has seen a significant rise in daily revenue within the Chinese iOS market and distinguishes itself through advanced social features, including a custom map creator, an in-game streaming platform, and friendship/romance mechanics.