Ultimate Games had an estimated PLN 5.8 million of standalone net profit in Q1-Q3 2022

Ultimate Games recorded PLN 5.8 million in standalone net profit in Q1-Q3 2022 with PLN 22.2 million in total revenues, the company announced, presenting estimated data.
Revenues from the sale of products in this period amounted to PLN 21.3 million, gross profit: PLN 7 million, and operating profit: PLN 6.1 million. Cash at the end of the period, ie September 30, 2022: PLN 9.3 million, was announced in the announcement.

"The increase in revenues and net profit in the analyzed period was influenced, among others, by:
1) stable sales of games from the PC segment, in particular "Ultimate Fishing Simulator" with add-ons, "Ultimate Fishing Simulator 2" and "Electrician Simulator";
2) stable sales of games from the console segment, in particular "House Flipper", "Cooking Simulator" and "Thief Simulator";
3) further expansion of the production and publishing portfolio with new games, and thus numerous premieres of new games - by the end of the third quarter of 2022, 62 games were released, mainly for consoles, including the Nintendo Switch platform;
4) costs of commissions paid to developers, marketing and salaries;
5) sales of the issuer's games on the Steam platform (PC version) and on Nintendo Switch, PlayStation, Xbox consoles ”- mentioned in the release.

Ultimate Games operates in the video game market, specializing in the production and distribution of games for desktop computers and mobile devices. In 2016, the company acquired a significant investor, PlayWay. The company has been listed on the main market of the WSE since July 2019.
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