Updated Mar 17, 2026 by IGG
IGG Inc. achieved a financial turnaround in Q1 2014, moving from a US$3.9 million loss in the prior year to a US$13.6 million net profit.
Total revenue grew 206.3% year-over-year to US$44.1 million, driven by a strategic pivot to mobile gaming which now accounts for 79.3% of total revenue.
The title Castle Clash is the primary revenue driver, accounting for 84% of all mobile revenue and supported by a user base of 147 million registered accounts.
Following an October 2013 IPO that raised US$105 million, the company is investing in in-house development, third-party licensing, and strategic acquisitions.
Gross profit reached US$32.2 million, though the margin dipped to 73.0% due to increased mobile operating costs and heavy advertising spend.
The company’s financial position has stabilized with total equity reaching US$149.98 million, reversing the previous year's deficit.
Chairman and CEO Zongjian Cai maintains a 32.86% controlling stake, supported by institutional investors including IDG-Accel and Temasek.
IGG Inc. achieved a financial turnaround in Q1 2014, moving from a US$3.9 million loss in the prior year to a US$13.6 million net profit.
Total revenue grew 206.3% year-over-year to US$44.1 million, driven by a strategic pivot to mobile gaming which now accounts for 79.3% of total revenue.
The title Castle Clash is the primary revenue driver, accounting for 84% of all mobile revenue and supported by a user base of 147 million registered accounts.
Following an October 2013 IPO that raised US$105 million, the company is investing in in-house development, third-party licensing, and strategic acquisitions.
Gross profit reached US$32.2 million, though the margin dipped to 73.0% due to increased mobile operating costs and heavy advertising spend.
The company’s financial position has stabilized with total equity reaching US$149.98 million, reversing the previous year's deficit.
Chairman and CEO Zongjian Cai maintains a 32.86% controlling stake, supported by institutional investors including IDG-Accel and Temasek.