The 2017 interim results for IGG INC demonstrate a period of significant financial expansion and operational success for the global mobile game developer and publisher. During the first half of 2017, the company achieved record-high financial performance, reporting revenue of US$273.5 million, a 117% increase year-over-year, and a net profit of US$76 million, representing a 205% surge compared to the same period in 2016. This growth was primarily driven by the strong performance of its flagship title, Lords Mobile, which accounted for 69% of total revenue as of June 30, 2017.
The company maintains a robust global footprint, with research and development, operations, and support teams distributed across more than 10 countries and regions. As of mid-2017, IGG reported 430 million registered users and over 18 million monthly active users. The business model relies on long-term partnerships with over 100 distribution platforms, including major entities such as Apple, Google Play, Amazon, and Microsoft. The company’s strategic focus remains on high-quality, innovative mobile titles, with ongoing development efforts directed toward sequels for established games like Castle Clash and the integration of emerging technologies such as augmented reality and location-based services.
Financial health remains a priority, evidenced by a 50% increase in cash and cash equivalents to US$237.3 million and a dividend payout ratio of 80% for the first half of 2017. Looking forward, the company intends to capitalize on the projected growth of the global mobile games market by increasing its market share in North America, Europe, and Asia. Future marketing strategies will emphasize high-production-value advertisements, celebrity endorsements, and international tournaments to bolster brand loyalty and user acquisition. The company continues to benefit from preferential tax treatments in Singapore, where its intellectual property is held.
