Market (Overall)·Updated Mar 17, 2026 by GDev
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.
Monthly Paying Users (MPUs) increased by 23% to 375,000, though Average Bookings Per Paying User (ABPPU) declined by 26% to $84.
The flagship Hero Wars franchise reached a lifetime booking milestone of $1.55 billion across mobile and PC platforms.
The new title Island Hoppers achieved a successful global launch, generating $30 million in bookings and 12 million downloads.
Mobile platforms remain the primary revenue driver, accounting for 63% of total quarterly bookings compared to 37% for PC.
The company is expanding its portfolio with the planned early 2024 Steam release of Pixel Gun 3D, which has already accumulated 260,000 wishlists.
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.
Monthly Paying Users (MPUs) increased by 23% to 375,000, though Average Bookings Per Paying User (ABPPU) declined by 26% to $84.
The flagship Hero Wars franchise reached a lifetime booking milestone of $1.55 billion across mobile and PC platforms.
The new title Island Hoppers achieved a successful global launch, generating $30 million in bookings and 12 million downloads.
Mobile platforms remain the primary revenue driver, accounting for 63% of total quarterly bookings compared to 37% for PC.
The company is expanding its portfolio with the planned early 2024 Steam release of Pixel Gun 3D, which has already accumulated 260,000 wishlists.