Next Games, one of the biggest mobile game developers and publishers in Finland published its 2019 annual report today. The company is mostly known for its The Walking Dead games which made them a pioneer in its own category. The first The Walking Dead game was published in 2015 and followed by TWD: Our World in 2018. Right now they are working on many games based on popular franchises like Blade Runner Nexus and Netflix’s Stranger Things.
About Next Games’ 2019 annual report
Next Games’ operating profit (EBIT) improved by EUR 9.5 million from 2018. However, revenues declined by 1.6 percent. Revenues amounted to €34.7M in 2019 and the group has succeeded in consistently achieving over €30M euros in revenue for 4 consecutive years. Revenues are derived from two live products: The Walking Dead: Our World and The Walking Dead: No Man’s Land. During 2019, Next Games did not publish new games to the market as the testing and development of Blade Runner Nexus continued into 2020.
The United States accounted for 45 percent of profit. Germany follows in 2nd place with 10% while Japan came third with 8 percent. China is missing because the company did not publish games to the Chinese market last year. Gross booking by platform was equal on Apple’s App Store and Google’s Play Store. In-app purchases almost accounted for all gross booking sources. Monthly and daily active users declined from last year but average revenue per daily active user rose. As you can see above, In 2019, the company’s revenue was EUR 34.7 million (35.2), a decline of 1.6% to 2018. Also, Business Finland awarded a EUR 2 million grant for a project to develop Next Games’ machine learning and AI (Artificial Intelligence) capabilities.
75% of employees are men
At the end of 2019, Next Games had 107 employees who represented 24 different nationalities. 75 percent of Next Games’ employees were men while 25 percent were women. On average in 2019, the company employed 106 people (135 people in 2018). Teemu Huuhtanen, the company’s CEO said: “I am excited about 2020 as we are in a good position to continue executing our strategy through our improved product development model”. For further details, you can check the annual report by clicking here. Keep an eye on Mobidictum for more news!