My.Games Q2 Financials Show 18% Revenue Growth Mostly From Mobile Games

July 30, 2021 Marc Marasigan Comments

My.Games has just published their Q2 2021 financial reports, which shows 18% revenue growth year-over-year for the first half of 2021 with the company's total revenue amounting to $297 million. According to the report, 74% of the Russian company’s revenues for the quarter came from other regions, namely the US, UK, and Germany.

Mobile games accounted for 77% of the My.Games’ total revenue with six-month old Rush Royale generating a monthly revenue of $5.4 million with over 9 million downloads since December, making it one of the most successful launches in the company’s history.

The Warface franchise also reached over 117 million lifetime players during the second quarter of 2021 following the game’s release on the Epic Games Store and the addition of cross-play support between the Xbox One, PlayStation 4, and Nintendo Switch.

The company’s biggest MMORPG’s, Conqueror’s Blade and Skyforge, also saw an influx of new players with the former seeing a 50% year-over-year revenue growth and reaching 3.4 million users following the release of a major update in March.

“In the second quarter of 2021, we managed to demonstrate growth against the background of a significant decline in the overall dynamics of the global games market,” said My.Games CEO Vasily Maguryan. “This was achieved by MY.GAMES strategic approach to portfolio diversification and our focus on organic product growth. The company's revenue grew by 18% in the first half of 2021, despite the effect of the high base of the previous year. In addition, we continue to successfully increase business efficiency — the second quarter of 2021 was the best in terms of marginality (24%) since the beginning of 2020.”

Some other highlights:

Free-to-play MMO Skyforge (2017, PC, Allods Team) reached 13mn in registered users.
Tactical action MMO Conqueror's Blade (2019, PC, licensed from Booming Games) reached 3.4mn in users and showed >50% YoY revenue growth in Q2 after another game update rolled out in March.
Allods Team has announced a new title – Blast Brigade vs. the Evil Legion of Dr. Cread, which is 2D action-adventure platformer with metroidvania elements. It's coming to Steam later this year. Launch dates on Nintendo Switch, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X|S will be announced soon.
The Warface (2013, PC/console/mobile) first-person shooter franchise reached 117.4mn players worldwide across all platforms and remains a top-3 revenue generator for MY.GAMES.

The full My.Games Q2 2021 Financial Report can be found here.