Updated Mar 17, 2026 by IGG
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.
The mobile application business segment grew rapidly, reaching HK$63 million in monthly gross billings by July 2023 as part of a strategic diversification effort.
The Group maintains a strong liquidity position with HK$1.48 billion in cash, despite managing HK$250 million in capital commitments for office construction.
Asia remains the company's primary market, contributing HK$1.10 billion in revenue during the first half of 2023.
Management implemented a new Share Incentive Scheme to replace expired plans and align key personnel with long-term corporate objectives.
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.
The mobile application business segment grew rapidly, reaching HK$63 million in monthly gross billings by July 2023 as part of a strategic diversification effort.
The Group maintains a strong liquidity position with HK$1.48 billion in cash, despite managing HK$250 million in capital commitments for office construction.
Asia remains the company's primary market, contributing HK$1.10 billion in revenue during the first half of 2023.
Management implemented a new Share Incentive Scheme to replace expired plans and align key personnel with long-term corporate objectives.