Thursday, August 20, 2009

GAMEVIL's First Public Quarter Is A Winner

Earlier today veteran So. Korean mobile games publisher GAMEVIL (est. 2000) reported its Q2 2009 earnings... the company's first report since going public on the KOSDAQ last month. It was a very solid quarter for this quality-focused games creator, driven by titles like Baseball Superstars and HYBRID: Eternal Whisper. The company has effectively leveraged microtransactions as way to grow revenues in its domestic market...and in the US, where the company initially struggled to find firm footing in a carrier-driven world, it is beginning to see meaningful growth on iPhone & Android platforms.

Rev = $4.33mil ^67% from Q2 2008 ^30% Q1 2009
Net = $2.08mil ^214% from Q2 2008 ^55% Q1 2009

btw - According to the blog Volker on Mobile the company was valued at $70mil when it went public on July 21st.

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