Q3 2023 revenue fell 5% year-over-year to $121 million, while Adjusted EBITDA dropped 35% to $29 million due to a doubling of marketing spend to $43 million for player acquisition.
02
Monthly Paying Users (MPUs) increased by 23% to 375,000, though Average Bookings Per Paying User (ABPPU) declined by 26% to $84.
03
The flagship Hero Wars franchise reached a lifetime booking milestone of $1.55 billion across mobile and PC platforms.
04
The new title Island Hoppers achieved a successful global launch, generating $30 million in bookings and 12 million downloads.
05
Mobile platforms remain the primary revenue driver, accounting for 63% of total quarterly bookings compared to 37% for PC.
06
The company is expanding its portfolio with the planned early 2024 Steam release of Pixel Gun 3D, which has already accumulated 260,000 wishlists.
Insights
01
Q3 2023 revenue fell 5% year-over-year to $121 million, while Adjusted EBITDA dropped 35% to $29 million due to a doubling of marketing spend to $43 million for player acquisition.
02
Monthly Paying Users (MPUs) increased by 23% to 375,000, though Average Bookings Per Paying User (ABPPU) declined by 26% to $84.
03
The flagship Hero Wars franchise reached a lifetime booking milestone of $1.55 billion across mobile and PC platforms.
04
The new title Island Hoppers achieved a successful global launch, generating $30 million in bookings and 12 million downloads.
05
Mobile platforms remain the primary revenue driver, accounting for 63% of total quarterly bookings compared to 37% for PC.
06
The company is expanding its portfolio with the planned early 2024 Steam release of Pixel Gun 3D, which has already accumulated 260,000 wishlists.