Related Documents
Financial
2020 Interim Report
IGG Inc. demonstrated a robust financial performance during the first half of 2020, characterized by a strategic pivot toward profitability and capital efficiency despite a 12% year-on-year revenue decline to US$312.3 million. This revenue contraction, largely attributed to the natural lifecycle of legacy gaming titles, was offset by a significant 88% surge in net profit to US$132.8 million. This growth was fueled by disciplined cost management across advertising and research and development, alongside substantial gains from strategic equity investments, most notably in XD Inc. The company maintained a strong liquidity position throughout the period, ending June 30, 2020, with US$339.9 million in cash and no bank borrowings. This financial stability enabled the firm to return value to shareholders through dividends and share repurchases totaling US$93.8 million. Total equity grew to US$462.7 million, bolstered by a US$54.3 million increase in the fair value of investments. These results reflect a broader corporate strategy of diversifying beyond core gaming into utility applications and complementary industry investments, while maintaining rigorous oversight of share-based incentive schemes and corporate governance structures. Operational presence within the People’s Republic of China remains managed through structured contracts, which allow for the consolidation of Fuzhou Tianmeng’s financial results. While these arrangements accounted for a minor portion of total revenue and assets, the company acknowledges the regulatory risks associated with evolving foreign investment laws. To mitigate potential disruptions, the firm maintains a contingency strategy involving alternative domestic publishing partnerships. Overall, the period was defined by successful capital allocation and a transition toward a more diversified, profit-oriented business model that prioritizes long-term shareholder value and operational resilience in the global gaming market.
IGGAug 2020
Financial
First Quarterly Report 2014
IGG Inc. achieved substantial financial expansion during the first quarter of 2014, signaling a successful transition from a net loss of US$3.9 million in the prior year to a profit of US$13.6 million. Total revenue reached US$44.1 million, representing a 206.3% year-over-year increase. This growth was primarily fueled by the mobile gaming segment, which accounted for 79.3% of total revenue, largely due to the widespread success of the title Castle Clash. Despite rising operational, marketing, and research expenditures, adjusted net income climbed to US$13.8 million, a 193.6% increase compared to the first quarter of 2013. The company maintained a robust international footprint as of March 31, 2014, serving 14.5 million monthly active users across 180 countries. Strategic initiatives during this period included a partnership with Tencent for distribution within the People’s Republic of China and the expansion of research and development capabilities through new subsidiaries in Canada. These efforts underscore a commitment to scaling global operations while diversifying the company’s technical infrastructure. Corporate governance and internal management remained central to the company’s operations, characterized by a structured shareholding arrangement and the implementation of long-term incentive programs. Specifically, the company utilized Pre-IPO and post-listing share option schemes, granting 3.7 million options and 1.56 million awarded shares to employees and directors with four-year vesting schedules. While the company adheres to standard governance protocols, it maintains a combined Chairman and CEO role, which the board justifies as a necessary measure for effective strategic management. No dividends were declared for the period, as the company prioritized reinvestment and the allocation of capital toward share purchase schemes to support its ongoing growth trajectory.
IGGMay 2014
Financial
Q4 2025 Interim Report
The interim filing presents the fourth‑quarter 2025 financial results for a midcore‑casual gaming group, emphasizing a record‑setting revenue run and the successful execution of a transformation agenda that includes the integration of the Plarium acquisition and the rollout of a new district structure in early 2026. Revenue reached SEK 3,123 million, reflecting 108 % organic growth year‑on‑year and a 25 % increase on a constant‑currency basis, while adjusted EBITDA rose to SEK 717 million, delivering a 23 % margin that matches the full‑year figure. Unlevered free cash flow amounted to SEK 878 million, with a cash‑conversion rate of 66 % and a leverage ratio of five times EBITDA, underscoring robust liquidity and disciplined capital management. User‑acquisition spending accelerated, representing 38 % of quarterly revenue—up from 37 % in the prior quarter—and grew 76 % on a reported basis, driven by heightened investment in original studios, new casual titles, and the racing franchise. The direct‑to‑consumer channel expanded by 600 basis points to 32 % of total revenue, reflecting a strategic shift toward higher‑margin in‑app purchases. Across the fiscal year, the company posted a 9 % organic revenue increase, with word‑games, racing, and RAID franchises delivering the strongest quarter‑end performance. Operating cash flow for the quarter stood at SEK 840 million, while adjusted net income was SEK 1,390 million, translating to an adjusted EPS of SEK 11.33. The financial outcomes exceed guidance and position the firm to meet its medium‑term outlook, with a pre‑IPO study for PlaySimple concluded and the midcore transformation progressing as planned.
Modern Times GroupFeb 2026
Financial
Take-Two Interactive Software, Inc. to Combine with Zynga, Inc.
The communication announces a proposed business combination in which Take‑Two Interactive Software, Inc. will acquire Zynga, Inc. for an enterprise value of approximately $12.7 billion, paying $3.50 in cash and 6.36 shares of Take‑Two common stock per Zynga share, representing a 64 % premium to Zynga’s closing price on January 7, 2022. The transaction is structured as a cash‑and‑stock deal and is expected to close in the first quarter of fiscal year 2023, subject to shareholder approval and customary closing conditions. Take‑Two has secured $2.7 billion in debt financing to fund the cash portion and will retain a strong balance sheet with significant liquidity. The combined entity aims to create one of the largest interactive entertainment portfolios, blending Take‑Two’s console and PC franchises such as *Grand Theft Auto* and *Red Dead Rebellion* with Zynga’s leading mobile free‑to‑play titles, including *CSR Racing*, *Merge Dragons* and *Harry Potter: Puzzles & Spells*. Management projects net‑booking growth of 2.6 % to 2.8 % annually through FY24, with cost synergies of roughly $6.1 billion and a three‑year compound annual growth rate of 14 % for the combined net bookings. The merger is expected to diversify revenue streams, enhance cross‑platform monetization, and leverage Zynga’s mobile advertising platform and player database to accelerate user acquisition. Key financial highlights include Take‑Two’s FY21 net bookings of $2.929 billion and Zynga’s $2.270 billion, with combined FY23 net bookings projected to exceed $6 billion. Adjusted unrestricted operating cash flow is expected to rise from $1.2 billion in FY21 to $1.5 billion by FY24, reflecting the combined company’s improved cash generation capacity. The announcement also outlines governance changes: Take‑Two will expand its board to ten members, adding two Zynga directors. Overall, the combination seeks to deliver scale, diversified intellectual property, and enhanced profitability in a rapidly growing mobile gaming market.
Take-Two InteractiveDec 2025