G5 Entertainment has released its financials for its Q4 FY17 for the three months ending December 31st 2017.

The company posted revenues of 358.6 million Swedish krona ($45.1 million) for the quarter, up 93 per cent year-on-year. Profits also grew by 75.6 per cent year-on-year to 13.8 million Swedish krona ($1.73 million) for the period.

However, the company did end up with a negative cashflow of -7.4 million Swedish krona (-$936,000). This is due to its purchase of hidden object game The Secret Society.

Users in the open

Users were up across the board, with MAUs rising 74 per cent year-on-year to 8.9 million for the period. Average monthly unique paying users also grew to 331,400.

G5 now boasts a monthly average gross revenue per paying using of $42.70, up 14 per cent year-on-year. Overall, free-to-play games now make up 99 per cent of the developer's revenues.