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New acquisitions drive Stillfront to $43.6 million results in Q1 2019

New acquisitions drive Stillfront to $43.6 million results in Q1 2019

Stillfront Group is reporting across-the-board gains in its financial results for Q1 2019.

The development group represents a number of independent studios, from Unravel developer Coldwood in Sweden and German developer Goodgame Studios to World at War creator eRepublik Labs. It currently counts 10 studios in all, with plans to expand.

In the company's financials released today, Stillfront reported a 33 per cent increase in net revenue to $43.6 million (418 million SEK), while EBIT climbed 54 per cent to hit $11.9 million (113 million SEK).

Besides financial success, Stillfront also found itself with 20 per cent more MAUS in the quarter.

Growth spurt

New acquisitions have already proven fruitful for Stillfront, but older titles are continuing to prove their long-term worth for the collective.

"Our evolving game portfolio continues to perform, well driven both by continued organic growth as well as strong contribution from acquisitions," said Stillfront CEO Jörgen Larsson.

"Our newly acquired studios Imperia Online and Playa Games are contributing with high margins in the first quarter.

“New launches are delivering according to plan and our largest brands Empire and Big continued to grow sequentially. Looking ahead, our strategy remains unchanged – to focus on low risk and long life-cycle games.”

Stillfront hopes to build on its existing successes to expand further, bringing more developers under its wing.


Staff Writer

Natalie Clayton is an Edinburgh-based freelance writer and game developer. Besides PCGamesInsider and Pocketgamer.biz, she's written across the games media landscape and was named in the 2018 GamesIndustry.biz 100 Rising Star list.

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