Poland-based social casino games developer Huuuge Games reported revenue of $84 million in the first quarter of 2022. And now, the company announced that it is reconsidering its vision for the future. In the announcement made on August 2, 2022, the Polish developer’s Board of Directors announced that they have decided to review the new paths for the strategic options.
Huuuge Games was founded in 2014 and has 600 employees today, as stated in the company’s Q1 2022 report, and continues to grow daily. The company provides healthy and regular growth thanks to its social casino games. Huuuge also makes profits from different genres from time to time. Traffic Puzzle, one of the new match-3 games of the company, managed to become the game that brought the most money to the company in Q1 2022.
The statement says there is no final date for the review process’s timeline, value, and outcome, and that the company will continue to pursue its current strategy throughout this review period. Huuuge Games, as the Issuer, will keep the public informed and updated throughout the process.
The primary purpose of Huuuge Games’ strategy evaluation is to maximize the value for the shareholders and get the best efficiency, as mentioned in the statement. The company will draw up alternative roadmaps for this purpose but does not guarantee that there will be a change due to the research of alternatives. So at the end of this path, the company may decide to use its old strategy and not report any changes.
The company has been investing in the game industry in specific ways for a long time and continues to create various strategies. Not so long ago, Huuuge contributed to a $10 million fund initiated by veteran Marketing Analyst Eric Seufert. In addition, the company recently provided $490,000 for Make-A-Wish, a foundation that grants wishes to critically ill children.
You can access the review and statement published by the company by clicking here. Also, those currently looking for a career can check Huuuge Games’ open positions and take advantage of career opportunities.
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