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Finnish mobile games maker Supercell reported rising full-year sales and core profit on Wednesday, with hit titles Clash of Clans, Hay Day and Boom Beach continuing to gain momentum in Asian markets.
Supercell has a handful of successful games and derives a significant amount of its revenue from in-game purchases, helping it to avoid the problems faced by the likes of rival Rovio Entertainment, which has failed to create a new hit game since its 2009 launch of Angry Birds.
The company, which is majority owned by Japanese technology and telecoms group SoftBank Corp (9984.T), said its games are played daily by more than 100 million people worldwide and its latest title, Clash Royale, has been among the top-grossing mobile games in 52 countries since its release in late February.
Supercell's 2015 earnings before interest, tax, depreciation and amortisation (EBITDA) were up 64 percent at 848 million euros ($930 million) on revenue that increased by 36 percent to 2.11 billion euros.
Chief Executive Ilkka Paananen said that last year's growth was driven by rising sales in Asia, particularly in China, where Supercell released Clash of Clans in all the main mobile application stores in 2015.
"China is our biggest market and I believe it will soon become the biggest market globally for mobile games," Paananen said.
Clash of Clans maker Supercell lifted by strength in Asia - Yahoo Finance UK
Supercell has a handful of successful games and derives a significant amount of its revenue from in-game purchases, helping it to avoid the problems faced by the likes of rival Rovio Entertainment, which has failed to create a new hit game since its 2009 launch of Angry Birds.
The company, which is majority owned by Japanese technology and telecoms group SoftBank Corp (9984.T), said its games are played daily by more than 100 million people worldwide and its latest title, Clash Royale, has been among the top-grossing mobile games in 52 countries since its release in late February.
Supercell's 2015 earnings before interest, tax, depreciation and amortisation (EBITDA) were up 64 percent at 848 million euros ($930 million) on revenue that increased by 36 percent to 2.11 billion euros.
Chief Executive Ilkka Paananen said that last year's growth was driven by rising sales in Asia, particularly in China, where Supercell released Clash of Clans in all the main mobile application stores in 2015.
"China is our biggest market and I believe it will soon become the biggest market globally for mobile games," Paananen said.
Clash of Clans maker Supercell lifted by strength in Asia - Yahoo Finance UK
