The 2018 annual results for IGG INC demonstrate a period of robust financial growth driven primarily by the continued success of its flagship title, Lords Mobile. The company reported total revenue of US$748.8 million, representing a 23% year-over-year increase, and a net profit of US$189.3 million, a 22% increase from the previous year. This performance was largely underpinned by Lords Mobile, which accounted for 80% of total revenue, while the company’s broader portfolio—including Castle Clash and newer titles—maintained a diversified presence across global markets.
The company maintains a significant international footprint, operating in over 200 countries and regions with games available in 21 languages. As of December 2018, IGG supported a user base of 620 million registered users and over 19 million monthly active users. To sustain this scale, the organization employed over 1,400 staff members across 29 global research and development teams and various localized operation centers. Strategic expansion efforts during this period included the establishment of new branches in Brazil, Turkey, and Western Europe to bolster localized support and market penetration.
Financially, the company improved its gross profit margin to 70%, attributed to the optimization of distribution channels. Operating expenses, including selling, distribution, and research and development costs, rose in tandem with revenue as the company invested heavily in marketing and talent acquisition to support its growth trajectory. The company maintained a strong liquidity position with US$287.5 million in cash and cash equivalents, facilitating a capital allocation strategy that prioritized shareholder returns through dividends and share buybacks, which collectively accounted for 70% of the annual net profit. Looking forward, the company intends to diversify its portfolio by releasing sandbox and casual games while continuing its global incubation programs for R&D and operational talent.
