IGG Inc. achieved a 68.2% year-over-year revenue increase to $51.3 million and an adjusted profit growth of 74.2% to $11.5 million during the first nine months of 2013.
02
The company successfully pivoted to mobile gaming, with mobile revenue share rising from 2.3% to 33.5% of total earnings by the end of Q3 2013.
03
The July 2013 launch of Castle Clash was the primary growth driver, generating $7.2 million in gross billing and reaching 5.2 million monthly active users within its first few months.
04
Following a net loss caused by preferred share fair value adjustments, the company achieved a $4.5 million profit in Q3 2013 after converting all redeemable convertible preferred shares into ordinary shares.
05
IGG Inc. completed its listing on the Hong Kong Stock Exchange's Growth Enterprise Market, with a controlling shareholder group retaining a 34.10% stake.
06
The company’s global player base surpassed 90 million accounts by the end of the third quarter of 2013.
07
Reflecting strong financial health post-IPO, the company issued a special dividend of approximately $4.9 million in October 2013.
Insights
01
IGG Inc. achieved a 68.2% year-over-year revenue increase to $51.3 million and an adjusted profit growth of 74.2% to $11.5 million during the first nine months of 2013.
02
The company successfully pivoted to mobile gaming, with mobile revenue share rising from 2.3% to 33.5% of total earnings by the end of Q3 2013.
03
The July 2013 launch of Castle Clash was the primary growth driver, generating $7.2 million in gross billing and reaching 5.2 million monthly active users within its first few months.
04
Following a net loss caused by preferred share fair value adjustments, the company achieved a $4.5 million profit in Q3 2013 after converting all redeemable convertible preferred shares into ordinary shares.
05
IGG Inc. completed its listing on the Hong Kong Stock Exchange's Growth Enterprise Market, with a controlling shareholder group retaining a 34.10% stake.
06
The company’s global player base surpassed 90 million accounts by the end of the third quarter of 2013.
07
Reflecting strong financial health post-IPO, the company issued a special dividend of approximately $4.9 million in October 2013.