Mobile Game Publisher GAMEVIL Post FY and Q4 2012 Results

GAMEVIL, the Korean mobile games publisher and developer, have announced its full year and Q4 results for 2012. The Korean company posted a profit of $20.7million for the year, a Y-O-Y increase of 39%. Profits for Q4 were $6 million, a 12% Y-O-Y increase.

During the 2012 fiscal year, the company report total sales of $65.0 million, a 64% increase from 2011.  Fourth quarter sales totaled $20.1  million, represeting a 32% increase from last year.

While domestic sales showed a steady growth of 34%, international sales increased tremendously with a growth of 153%, resulting in $25.4 million in sales. With this, international profits as a whole has increased from 25% in 2011 to 39% in 2012.

The quarter’s achievement can be attributed to focused efforts in third party publishing. Along with successful in-house titles such as ZENONIA, Baseball Superstars, Fishing Superstars and Kingdom Royale, third party titles including Punch Hero, Monster Warlord, and Cartoon Wars helped solidify the quarter’s performance. Whereas third party titles accounted for only 23% of the total revenue the previous year, in 2012 it accounted for 44%.

GAMEVIL’s Chief Financial Officer, Yong Kuk Lee, commented “With strong foundations in a worldwide userbase and strategies for the ever changing mobile game market, we are directing out efforts to continue  being a major global player in this mobile gaming industry.”

GAMEVIL projects a 42% increase to $92.6 million in sales for 2013.

Source: Gamevil

For an overview of the quarterly revenues of the global top 25 companies by games sales, please visit http://www.newzoo.com/free/rankings/top-25-companies-by-game-revenues/