Updated Mar 17, 2026 by IGG
IGG Inc. generated $53.6 million in Q1 2015 revenue, representing a 21.5% year-over-year increase but an 11.4% decline from the previous quarter due to EU VAT changes and the depreciation of the Russian ruble.
Mobile gaming accounted for 92.9% of total turnover, driven primarily by the global performance of the Castle Clash and Clash of Lords franchises.
Net profit for the quarter reached $14.0 million, with an adjusted net income of $14.8 million after accounting for share-based compensation.
Research and development spending surged nearly 70% to $5.6 million as the company expanded its technical teams to support a pipeline of approximately 30 new titles scheduled for release later in 2015.
The company is pursuing a transfer of its listing from the Growth Enterprise Market to the Main Board of the Hong Kong Stock Exchange to reflect its maturing corporate profile.
IGG expanded its international footprint by establishing new regional offices in Japan and South Korea and relocating its Singapore headquarters.
Total equity rose to $202.1 million by March 31, 2015, with ownership concentrated among key executives and major institutional investors including IDG-Accel and Temasek Holdings.
IGG Inc. generated $53.6 million in Q1 2015 revenue, representing a 21.5% year-over-year increase but an 11.4% decline from the previous quarter due to EU VAT changes and the depreciation of the Russian ruble.
Mobile gaming accounted for 92.9% of total turnover, driven primarily by the global performance of the Castle Clash and Clash of Lords franchises.
Net profit for the quarter reached $14.0 million, with an adjusted net income of $14.8 million after accounting for share-based compensation.
Research and development spending surged nearly 70% to $5.6 million as the company expanded its technical teams to support a pipeline of approximately 30 new titles scheduled for release later in 2015.
The company is pursuing a transfer of its listing from the Growth Enterprise Market to the Main Board of the Hong Kong Stock Exchange to reflect its maturing corporate profile.
IGG expanded its international footprint by establishing new regional offices in Japan and South Korea and relocating its Singapore headquarters.
Total equity rose to $202.1 million by March 31, 2015, with ownership concentrated among key executives and major institutional investors including IDG-Accel and Temasek Holdings.