Huuuge books $ 11.38 million in net profit in Q4 2021

Huuuge posted USD 11.38mn of consolidated net profit in Q4 2021 vs. a loss of USD 107.36mn a year earlier, the company said.

Operating profit amounted to USD 15.56 million against 66,000 USD profit a year earlier.

“Looking back over 2021, it's important to emphasize the Trac Puzzle acquisition we finalized in April as it is a perfect demonstration of how Huuuge scales and grows its business. Having 'Trac Puzzle' in our portfolio allows us to accelerate our revenue diversification and expand into the rapidly growing casual gaming segment as the title has already become our third most popular game, after Huuuge Casino and Billionaire Casino. We plan to further scale up our publishing business and saw the possibility of 'flushing and repeating', that is, systematically releasing games on a larger scale as part of the 'Build and Buy' strategy. We continue to build our partnerships and select the most promising prospects for our publishing division. Last year, we signed four new publishing agreements, and this year we have the ambition to sign many more of them, ”wrote President Anton Gaun in a letter to shareholders.

Huuuge is a global free-to-play game developer and publisher of online games for mobile devices and online platforms. The company debuted on the WSE in February 2021. Its consolidated sales revenues reached USD 373.74 million in 2021.

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