Updated Mar 17, 2026 by IGG
IGG Inc. reported a 9% year-over-year revenue decline to $354.7 million and a 28% drop in net profit to $70.7 million for the first half of 2019, driven by the maturation of flagship titles Lords Mobile and Castle Clash.
R&D investment increased by 48% to $42.9 million to support the launch of new titles like Brave Conquest and Craft Legend as the company attempts to offset the lifecycle stabilization of existing products.
Lords Mobile remains the company's primary asset, maintaining over 240 million registered users and consistent monthly gross billings exceeding $50 million.
The company maintains a strong financial foundation with a 69% gross profit margin and a net asset position of $320.5 million, despite a significant reduction in net cash from operating activities to $46.1 million.
Asia remains the company's dominant market, contributing $153.7 million in revenue during the first half of 2019.
The company is expanding its global footprint, highlighted by a $22.9 million property acquisition in Italy to establish a new European hub.
Management identified potential regulatory risks associated with the VIE structure used to consolidate Fuzhou Tianmeng, which accounted for approximately 10.3% of total revenue.
IGG Inc. reported a 9% year-over-year revenue decline to $354.7 million and a 28% drop in net profit to $70.7 million for the first half of 2019, driven by the maturation of flagship titles Lords Mobile and Castle Clash.
R&D investment increased by 48% to $42.9 million to support the launch of new titles like Brave Conquest and Craft Legend as the company attempts to offset the lifecycle stabilization of existing products.
Lords Mobile remains the company's primary asset, maintaining over 240 million registered users and consistent monthly gross billings exceeding $50 million.
The company maintains a strong financial foundation with a 69% gross profit margin and a net asset position of $320.5 million, despite a significant reduction in net cash from operating activities to $46.1 million.
Asia remains the company's dominant market, contributing $153.7 million in revenue during the first half of 2019.
The company is expanding its global footprint, highlighted by a $22.9 million property acquisition in Italy to establish a new European hub.
Management identified potential regulatory risks associated with the VIE structure used to consolidate Fuzhou Tianmeng, which accounted for approximately 10.3% of total revenue.