Market (Overall)ยทUpdated Mar 17, 2026 by GDev
The company achieved a $15 million profit in Q3 2024, marking a significant recovery from the $3 million net loss recorded in Q1 2024.
Total revenue reached $111 million, representing a 5% increase over the previous quarter but an 8% decline compared to Q3 2023.
Monthly Paying Users (MPUs) grew 21% year-over-year to 381,000, though Average Bookings Per Paying User (ABPPU) dropped 11% to $92.
Operating costs were reduced to $94 million, a 13% year-over-year decrease driven primarily by lower selling and marketing expenses.
The Hero Wars franchise remains the primary revenue driver, with Hero Wars: Alliance and Hero Wars: Dominion Era accounting for 37% and 34% of total revenue, respectively.
Island Hoppers has become a growing contributor to the portfolio, increasing its revenue share from 4% in Q3 2023 to 7% in Q3 2024.
Revenue remains geographically concentrated in the United States (53%), followed by Europe (22%) and Asia (14%), with mobile platforms accounting for 62% of total revenue.
The company achieved a $15 million profit in Q3 2024, marking a significant recovery from the $3 million net loss recorded in Q1 2024.
Total revenue reached $111 million, representing a 5% increase over the previous quarter but an 8% decline compared to Q3 2023.
Monthly Paying Users (MPUs) grew 21% year-over-year to 381,000, though Average Bookings Per Paying User (ABPPU) dropped 11% to $92.
Operating costs were reduced to $94 million, a 13% year-over-year decrease driven primarily by lower selling and marketing expenses.
The Hero Wars franchise remains the primary revenue driver, with Hero Wars: Alliance and Hero Wars: Dominion Era accounting for 37% and 34% of total revenue, respectively.
Island Hoppers has become a growing contributor to the portfolio, increasing its revenue share from 4% in Q3 2023 to 7% in Q3 2024.
Revenue remains geographically concentrated in the United States (53%), followed by Europe (22%) and Asia (14%), with mobile platforms accounting for 62% of total revenue.