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Next Games doubles revenue in Q1 2017 after successful IPO

Next Games doubles revenue in Q1 2017 after successful IPO

The Walking Dead: No Man's Land developer Next Games saw a 96% rise in revenues to $11.9 million in the first quarter of 2017.

This coincided with the firm's successful listing on the NASDAQ First North Finland, which was significantly oversubscribed and netted the company 4,000 shareholders.

Home and abroad

Breaking down the demand, 45% came from institutional investors outside of Finland, 46% from those within the country, and 9% from private Finnish entities.

"This is a clear indication of the credibility of our growth strategy amongst both international and Finnish investors," commented CEO Teemu Huuhtanen.

Next Games continued to focus on developing its main title The Walking Dead: No Man's Landin Q1 2017, with two more mobile titles with international IP in the pipeline.

Growing to 77 employees in Q1, the studio is setting out a strategy of launching at least one game per year from 2018 onwards.


Features Editor

Matt is really bad at playing games, but hopefully a little better at writing about them. He's Features Editor for PocketGamer.biz, and has also written for lesser publications such as IGN, VICE, and Paste Magazine.

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