It's privately-owned so doesn't have to reveal its financials, but China/US free-to-play publisher Kabam has announced its 2013 sales were more than $360 million.
This figure is calculated under non-GAAP accounting rules.
The company closed a secondary offering in 2013 that raised $38.5 million for early investors and key staff, and it has a cash total of more than $70 million.
It's also expected to announce it will IPO at some point in 2014.
Across the board
With more than 750 staff, Kabam has successfully transitioned from being a web and Facebook-focused F2P publisher to a majority mobile gaming outfit, with around 70 percent of sales from mobile devices.
Across its portfolio of titles, it had 11 games that grossed more than $1 million in a month during 2013, and four of its games have generated more than $100 million during their lifetime.
As well as its internally-developed mobile titles such as Kingdoms of Camelot, Fast & Furious 6 (its fast-growing game ever) and Dark District, it's now ramping up its third-party publishing activity with Chinese hit Wartune soon to be released in the west on mobile.
Comments
Login to to leave a comment Or click here to register
Forgot password?
Password Reset
To reset your pass, please enter your email below and submit. Your new password will then be emailed to you.
You can change this pass at any time on the "edit profile" link when logged in.
Got your password?