German mobile strategy games developer InnoGames has experienced its tenth consecutive year of growth with mobile revenues increasing 62 per cent year-on-year.
Overall, the company posted revenues of €161.5 million ($199.5 million) for 2017, up 24 per cent year-on-year.€107 million ($132.2 million) of its revenues came from its browser games, with mobile making up much of the remaining revenue.
Flagship titles Forge of Empires and Elvenar saw revenues grow 36 per cent year-on-year, largely thanks to their mobile editions. Elvenar launched worldwide on mobile in November 2017, and is set to be a key revenue driver for the future.
"Another outstanding year"
"2017 was another outstanding year for us at InnoGames. We celebrated our 10th anniversary, welcomed MTG on board and were able to surpass our own very ambitious goals once again – not only financially," said InnoGames CEO Hendrik Klindworth.
"We saw an increase of 15 per cent in play time and an additional 13 per cent in our daily active user base across our whole portfolio which proves our strategy right."
Modern Times Group increased its stake in InnoGames to 51% back in May 2017. Overall, it spent over €130 million ($160 million) acquiring its stake in the company.