Viking
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Documents about Viking
IGG Inc 2025 Interim Results
IGG Inc’s 2025 interim results highlight the company’s strategic transition toward a diversified portfolio of mobile games and application-based businesses.
- IGG Inc reported H1 2025 consolidated revenue of HK$2,721 million, maintaining flat year-over-year growth while achieving a net profit of HK$325 million with a 14% net profit margin.
- The company’s APP Business segment emerged as a primary growth engine, recording a 30% revenue increase to HK$530 million.
- Revenue from legacy core strategy title Lords Mobile declined by 14%, which was offset by growth in newer titles Doomsday: Last Survivors (+6%) and Viking Rise (+18%).
IGG Inc. 2025 Interim Report
IGG Inc.'s interim results for the six months ended 30 June 2025 show a mature mobile-games publisher holding revenue steady while shifting its mix.
- IGG Inc. reported H1 2025 revenue of HK$2.72 billion and a profit of HK$320 million, with flagship title Lords Mobile accounting for 42% (HK$1.15 billion) of total turnover.
- The APP Business segment grew 30% year-on-year to HK$530 million, now representing nearly 20% of total revenue and reaching 73 million monthly active users.
- Gross margins improved to 83% due to reduced channel costs, which successfully offset increased spending on promotion and advertising.
IGG Inc Annual Results Announcement for the Year Ended 31 December 2024
IGG Inc. achieved a robust financial turnaround in 2024, reporting a 697% increase in net profit to HK$580 million on total revenue of HK$5.74 billion.
- IGG Inc. achieved a 697% year-over-year increase in net profit to HK$580 million on total revenue of HK$5.74 billion for the 2024 fiscal year.
- The company successfully diversified its revenue streams beyond its flagship title, Lords Mobile, by scaling newer projects including Doomsday: Last Survivors and Viking Rise, as well as its application business.
- IGG maintains a strong liquidity position with HK$2.25 billion in cash and zero interest-bearing bank borrowings.
IGG 2024 Annual Results
The 2024 annual results for IGG INC highlight a period of significant financial recovery and operational transformation for the global mobile game developer and publisher.
- IGG reported a 9% year-on-year revenue increase to HK$5.74 billion, with net profit surging 697% to HK$580 million.
- The company’s application business emerged as a major growth pillar, recording an 88% revenue increase to HK$1.09 billion.
- Operational efficiency improved significantly through AI integration in game design and production, contributing to an 80% gross profit margin and reduced R&D expenses.
IGG Inc Interim Results Announcement for the Six Months Ended 30 June 2024
IGG Inc. achieved a significant financial turnaround during the first half of 2024, reporting a net profit of HK$330.9 million compared to a loss of HK$359.8 million in the same period of 2023.
- IGG Inc. achieved a financial turnaround in H1 2024, reporting a net profit of HK$330.9 million compared to a loss of HK$359.8 million in the same period of 2023.
- Revenue grew 9% year-on-year to HK$2.74 billion, fueled by the performance of core titles including Lords Mobile, Doomsday: Last Survivors, and Viking Rise.
- Gross profit increased by 19% due to the optimization of operating, marketing, and research and development expenses.
IGG 2024 Interim Results
The 2024 interim results for IGG INC highlight a successful financial turnaround and a strategic shift toward product diversification.
- IGG achieved a financial turnaround in H1 2024 with a net profit of HK$331 million, recovering from losses in the previous year.
- Consolidated revenue grew 9% year-over-year to HK$2.735 billion, fueled by the performance of strategy titles 'Doomsday: Last Survivors' and 'Viking Rise'.
- The company's APP business segment nearly doubled its revenue contribution, rising from 8% in H1 2023 to 15% in H1 2024.
IGG Inc. 2024 Interim Report
IGG reported a significant financial turnaround in the first half of 2024, transitioning from a net loss in the previous year to a net profit of HK$330 million.
- IGG achieved a financial turnaround in H1 2024, reporting a net profit of HK$330 million compared to a net loss in the previous year.
- Total revenue grew 9% year-on-year to HK$2.74 billion, supported by flagship title Lords Mobile, growth in Doomsday: Last Survivors and Viking Rise, and a record HK$400 million from the mobile application business.
- Operational efficiency improved significantly as R&D costs were cut by 21% through AI integration and restructuring, while selling and distribution expenses fell by 20%, resulting in a 79% gross profit margin.
IGG Inc. Annual Report 2023
IGG Inc. achieved a significant financial turnaround in 2023, reporting a net profit of HK$73.05 million, a marked recovery from the HK$503.59 million loss recorded in 2022.
- IGG Inc. returned to profitability in 2023 with a net profit of HK$73.05 million, reversing a HK$503.59 million loss from the previous year.
- Annual revenue grew 15% year-on-year to HK$5.27 billion, fueled by the performance of Lords Mobile and new launches including Doomsday: Last Survivors and Viking Rise.
- The company maintains a strong liquidity position with HK$1.47 billion in cash and cash equivalents and no significant interest-bearing debt.
IGG 2023 Annual Results
The 2023 annual results for IGG INC demonstrate a successful financial turnaround for the global mobile game developer and publisher.
- IGG achieved a financial turnaround in 2023, reporting a net profit of HK$73 million after reversing previous losses.
- Consolidated revenue grew 15% year-over-year to HK$5,266 million, driven by a transition toward a more diversified product portfolio.
- While the flagship title Lords Mobile accounted for 59% of total revenue, new titles Doomsday: Last Survivors and Viking Rise became significant growth contributors.
IGG Inc Interim Results Announcement: Six Months Ended 30 June 2023
IGG Inc. navigated a transitional period during the first half of 2023, characterized by a strategic pivot toward new gaming titles and aggressive operational optimization.
- IGG Inc. reported H1 2023 revenue of HK$2.5 billion, a 1% year-over-year increase, as new titles like 'Doomsday: Last Survivors' and 'Viking Rise' offset the decline of 'Lords Mobile'.
- The company recorded a net loss of HK$360 million for the first half of 2023, primarily due to heavy marketing investments, though it returned to profitability by June 2023.
- Operational expenses for research, development, and administration were reduced by 30% through the integration of AIGC technology, maintaining a 72% gross profit margin.
IGG Inc. 2023 Interim Results
IGG Inc.’s 2023 interim results highlight a strategic transition toward product diversification and the rapid expansion of its non-gaming application business.
- IGG Inc. reported H1 2023 revenue of HK$2.499 billion, representing a 1% year-over-year increase and a 19% increase compared to the second half of 2022.
- The company recorded a net loss of HK$360 million in the first half of 2023, primarily driven by aggressive marketing expenditures to scale new titles and the application business.
- Gross profit margins improved to 72%, a 4 percentage point increase over the previous year, due to optimized channel costs and the growth of the application segment.
IGG Inc. 2023 Interim Report
IGG Inc. reported a revenue of HK$2.5 billion for the first half of 2023, representing a 1% year-over-year increase.
- IGG Inc. reported H1 2023 revenue of HK$2.5 billion, a 1% year-over-year increase, with flagship title Lords Mobile contributing HK$1.6 billion.
- The company recorded a net loss of HK$360 million, more than doubling the prior year's HK$171.8 million loss due to an 85% surge in marketing expenses totaling HK$1.48 billion.
- Aggressive integration of AIGC technology reduced R&D expenses by 32% and administrative costs by 19%, enabling the Group to return to monthly profitability by June 2023.