IGG Inc. achieved exceptional financial growth during the 2017 fiscal year, characterized by an 89% increase in annual revenue to US$607.3 million and a 117% surge in net profit to US$155.1 million. This robust performance was underpinned by the overwhelming success of the company’s flagship title, Lords Mobile, which served as the primary growth engine by accounting for 72.1% of total revenue. The company successfully leveraged its international online gaming operations to maintain a diversified global footprint, with significant market penetration across Asia, North America, and Europe.
The company’s operational efficiency remained high, evidenced by a 68% gross profit margin and a substantial increase in net cash from operating activities, which reached US$172.2 million. With a strong liquidity position featuring US$221.9 million in cash reserves and an absence of bank borrowings, the organization prioritized shareholder returns. Consequently, total dividends rose significantly to HK49.0 cents per share, and the company deployed US$122.2 million toward combined dividends and share repurchases, reflecting a commitment to capital efficiency and investor value.
Operating as a unified global entity, the company maintained effective control over its Mainland China operations through structured contracts while scaling its research and development and marketing presence worldwide. The lack of reliance on any single client, with no individual customer contributing more than 10% of total revenue, further highlights the stability of the company’s diversified business model. By the end of 2017, the firm solidified its position as a major international player in the mobile gaming sector, supported by a scalable infrastructure and a clear focus on sustaining its momentum in key geographic markets.
