Rise
Company
Documents about Rise
Financial report221 pages
Annual Report
The 2022 annual report for IGG Inc. details a challenging fiscal year characterized by a significant financial downturn, marking a transition from profitability to a net loss of HK$503.6 million.
- IGG Inc. shifted from a HK$369.6 million profit in 2021 to a net loss of HK$503.6 million in 2022, driven by a 24% year-on-year revenue decline to HK$4.59 billion.
- The company implemented significant cost-cutting measures, including a 19% reduction in total headcount and a 23% decrease in research, development, and administrative expenses.
- Financial performance was negatively impacted by the maturity of the flagship title Lords Mobile and substantial impairment losses on strategic investments in associates and joint ventures.
IGG
Financial report221 pages
Gamers at Heart: 2024 Annual Report
The 2024 Annual Report for IGG details a period of significant financial recovery and strategic diversification.
- IGG achieved a significant financial turnaround in 2024, with net profit surging to HK$582.6 million from HK$73.1 million in 2023 on total revenue of HK$5.74 billion.
- The company successfully diversified its revenue beyond traditional gaming, as its APP business generated HK$1.1 billion and reached 62 million monthly active users.
- Growth was driven by the sustained performance of flagship title Lords Mobile alongside the successful scaling of new games Doomsday: Last Survivors and Viking Rise.
IGG