The 2018 interim results for IGG Inc. demonstrate a period of significant financial growth and global expansion for the mobile game developer and publisher. As of June 30, 2018, the company reported revenue of US$388.5 million and a net profit of US$98.4 million, representing a 42% and 29% year-over-year increase, respectively. This performance was primarily driven by the continued success of its flagship title, Lords Mobile, which accounted for 80% of total revenue and maintained its position as the top-grossing war strategy game worldwide for 12 consecutive months.
The company’s operational scope is truly global, with games localized in 21 languages and a user base exceeding 550 million across more than 200 countries. IGG maintains a workforce of over 1,000 employees, with 55% dedicated to research and development across 15 global teams. This R&D focus is supported by a strategy of localized operations, including the establishment of new branches in Indonesia and Brazil during the first half of 2018. The company leverages a distribution network of over 100 platforms, including long-standing partnerships with major entities such as Apple, Google Play, Amazon, and Microsoft.
Financial health remains robust, characterized by low capital expenditures and a strong cash position of US$282.5 million as of mid-2018. The company’s commitment to shareholder returns is evidenced by a dividend payout and share buyback program totaling US$60.8 million for the period. Looking forward, the company intends to sustain its growth by diversifying its portfolio into new genres—including first-person shooters, casual, and sandbox games—while continuing to invest in global talent acquisition through initiatives like the G-Star internship program. These efforts are positioned to capitalize on the broader mobile gaming market, which is projected to reach significant valuation milestones by 2022.
