GamingCo Ten Square Games profits inch up in 2021 to 141 million pln

Ten Square Games recorded PLN 67.36 million of consolidated adjusted EBITDA in Q4 2021 compared to PLN 78.25 million profit a year earlier, the company said in the report.

Reported EBITDA amounted to PLN 42.77 million, respectively, compared to PLN 39.2 million a year earlier.

The operating profit amounted to PLN 40.41 million compared to PLN 38.32 million profit a year earlier.

Consolidated sales revenues reached PLN 147.09 million in Q4 2021 compared to PLN 133.85 million a year earlier.

For the full year 2021, the company had PLN 141.27 million of consolidated net profit compared to PLN 151.6 million of profit a year earlier, with sales revenues of PLN 634.05 million compared to PLN 578.19 million a year before.

“The passing quarters have shown that Ten Square Games is able to consistently implement the adopted strategy and achieve stable financial results in an extremely volatile and unpredictable macroeconomic environment. Our goal is to become an international free-to-play mobile gaming platform with a constantly growing portfolio of world-class titles. We strive to achieve this by maintaining the leading position in the outdoor games niche by developing our flagship titles, 'Fishing Clash' and 'Hunting Clash', as well as systematically introducing new games to the market, 'commented President Maciej Zużałek.

On a standalone basis, the net profit in 2021 was PLN 138.26 million compared to PLN 150.59 million in profit a year earlier.

Ten Square Games is one of the largest producers and publishers of mobile and browser games in Poland. The company was founded in 2011 by Maciej Popowicz and Arkadiusz Pernal - the creators of the Nasza Klasa community portal (nk.pl), who introduced free-to-play games to it. The company made its debut on the WSE in May 2018.

Source
Our privacy policy
%d bloggers like this: