Updated Mar 2, 2026 by IGG
IGG Inc. achieved record H1 2018 revenue of US$388.5 million, a 42% year-over-year increase, with net profit rising 29% to US$98.4 million.
The company’s flagship title, Lords Mobile, remains the primary driver of growth within a global user base of 550 million registered users across more than 200 countries.
Asia and North America are the company's dominant markets, generating US$182.2 million and US$106.2 million in revenue respectively.
The company maintains a debt-free balance sheet with US$282.5 million in cash reserves, supporting an interim dividend of HK17.7 cents per share and the repurchase of over 25 million shares.
Structured contracts used to operate the PRC entity Fuzhou Tianmeng account for only 4.7% of total revenue, with management asserting that potential regulatory changes to these arrangements would not have a material financial impact.
The adoption of IFRS 9 resulted in a US$4.9 million downward adjustment to opening net assets, while the implementation of IFRS 15 had no material impact on the timing of revenue recognition.
IGG Inc. achieved record H1 2018 revenue of US$388.5 million, a 42% year-over-year increase, with net profit rising 29% to US$98.4 million.
The company’s flagship title, Lords Mobile, remains the primary driver of growth within a global user base of 550 million registered users across more than 200 countries.
Asia and North America are the company's dominant markets, generating US$182.2 million and US$106.2 million in revenue respectively.
The company maintains a debt-free balance sheet with US$282.5 million in cash reserves, supporting an interim dividend of HK17.7 cents per share and the repurchase of over 25 million shares.
Structured contracts used to operate the PRC entity Fuzhou Tianmeng account for only 4.7% of total revenue, with management asserting that potential regulatory changes to these arrangements would not have a material financial impact.
The adoption of IFRS 9 resulted in a US$4.9 million downward adjustment to opening net assets, while the implementation of IFRS 15 had no material impact on the timing of revenue recognition.