Lithuanian sport maker Nordcurrent generated 89 million euros ($96.1 million) in income in 2022, representing a large 42% enhance from 62.75 million euros ($67.73 million) in 2021. This comes despite the 5% decline within the cellular video games market final yr.
EBITDA additionally rose sharply in 2022, reaching 9.38 million euros ($10.12 million), in comparison with 1.44 million euros ($1.55 million) the earlier yr – a rise of a large 551%.
Nordcurrent CEO and co-founder Victoria Trofimova attributes this sturdy efficiency in a turbulent yr to 2 key elements – the profitable launch of recent titles and substantial funding in legacy titles.
A legacy of success
“In 2022, we unveiled two long-awaited gems: The simulation sport Blissful Clinic and the detective sport Homicide By Selection, which lately surpassed a million downloads,” stated Trofimova. “Each titles have captivated tens of millions of gamers, driving each a big participant base and substantial income beneficial properties.
“Our titles Airplane Cooks and Pocket Styler have garnered a formidable and devoted participant base since their launch in 2021, with ‘Airplane Cooks’ surpassing a staggering 20 million downloads,” continues Trofimova. “As a part of our strategic focus final yr, we prioritised optimising person acquisition whereas elevating the general gaming expertise. By introducing charming new options and delivering recent content material, we achieved exceptional development in profitability for these video games.
“Moreover, we take nice pleasure within the enduring success of our flagship sport, Cooking Fever, which continues to excel and captivate gamers even after eight extraordinary years.”
Along with the sturdy efficiency of its video games, Norducrrent additionally made substantial growth all through 2022. This features a 40% development within the firm’s workforce, welcoming 73 new colleagues to its places of work in Lithuania, Poland, and Ukraine.
The corporate is forecasting additional development in 2023, with a number of new video games in growth.
In March, we spoke to Trofimova as a part of our celebration of Worldwide Ladies’s Day.
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