KamaGames revenues up 33%
The latest results reflecting the 1st January – 31st December 2018 period, each quarter showed strong growth for KamaGames in comparison to the same period in 2017.
This continued growth has led to gross revenue increasing by a total of 33% since 2017, growing from $57.5m to $76.4m.
KamaGames’ results are once again ahead of the overall social casino market trend as reported in the latest social casino rankings from Eilers & Krejcik Gaming. This report indicates an overall market growth of just 15% for 2018, less than half of the actual 33% growth experienced by KamaGames.
The number of DAUs of KamaGames’ titles also saw strong growth of 23.5% from 510k in 2017 to 630k in 2018.
These results mark the third consecutive year of significant growth in revenue for the company.
Even after another year of strong results, KamaGames’ CEO Andrey Kuznetsov reveals that the company will not be complacent in the coming year as they have their eyes set on further growth. He says, “Throughout 2019 KamaGames will build on this impressive growth, which we are proud to report was double the growth of the overall market in 2018, by continuing to grow our social casino portfolio as well as entering new markets with regionally popular card games. We are also looking forward to being able to make a number of key partnership announcements with some well-known global brands through the year. 2019 is going to be another very exciting year for KamaGames”.
Kuznetsov continued, “App Annie predicts that, by the end of 2019, mobile gaming will continue to grow and reach 60% market share of consumer game spending. KamaGames will be a significant part of this growth and are committed to further improved user retention and engagement in our gaming portfolio but the continued creation of quality, innovative content, the personalization of game events and the increased socialization between players.