Korean mobile game publisher Com2uS (KOSDAQ: 078340) has announced its Q1 financial results for the three months ending 31 March 2012.
Revenue was 11.2 billion KRW (around $10 million), up 54 percent year-on-year.
The smartphone sector continues to be a major part of the company's success. It now accounts for 81 percent of sales, growing 183 percent year-on-year.
Operating income was up 85 percent to 516 million KRW (around $460,000).
Com2uS' net income was 3.9 billion KRW ($3.4 million), up 550 percent.
However the vast majority of this increase - 3.7 billion KRW ($3.2 million) - was due to what the company labelled a temporary gain on investment property.
Money grows on trees
In terms of specific titles, the company pointed to the success of its free-to-play social games such as Tiny Farm, which is the most popular social game in Korea, Derby Days and Magic Tree.
During the quarter, 51 percent of Com2uS' revenue came from its domestic market and 49 percent from the rest of the world.
During the quarter, it released 16 titles; 6 for iOS, 5 Android games released on Google Play, and 5 games on the Korea Tstore.
This will accelerate in Q2, however, with 39 titles planned for release, as Com2uS increases its third party publishing business on iOS and Android.
[source: Com2uS (PDF)]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Interview
Apr 9th, 2024
Saga CEO Rebecca Liao on the launch of publishing division and mass market web3 games
Top Stories
Feature
May 17th, 2024
New release roundup: The best new mobile games from a battle royale to a console classic remake
Feature
May 16th, 2024
Behind the scenes: How adding sandwich offers to an idle merge game boosted three metrics at once
Events
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
Morocco Gaming Expo | Africa | May 24th |
MomoCon 2024 | North America | May 24th |
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
Popular Stories
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 13th, 2024
Hot Five: Dubai's new Gaming Visa, April's mobile game charts, and Xbox studio closures
Interview
May 13th, 2024