Next Games - Game project discontinued
Next Games Q4 revenue and EBIT amounted to EUR 11.3m and EUR -1.6m respectively (pre-announced). Next Games announced the termination of collaboration on the game project with Universal Games and Digital Platforms. The company concluded consultation proceedings.
- Next Games’ revenue during H2 amounted to EUR 24.8m (pre-announced). Revenue growth y/y on was 90 %. Revenue in Q4 amounted to EUR 11.3m
- EBIT in H2 amounted to EUR -12.0m. Next Games pre-announced H2 figures (FAS). Next Games has adopted IFRS reporting in its 2018 financial statements bulletin. EBIT in Q4 amounted to EUR -1.6m.
- TWD: No man’s land: DAU during Q4 was 253k (Q3/18: 275k). MAU during Q4 was 728k (Q3/18: 800k). ARPDAU was EUR 0.25 during Q4 (Q3/18: 0.24).
- TWD: Our world: DAU during Q4 was 223k (Q3/18: 386k). MAU during Q4 was 759k (Q3/18: 2.1m). ARPDAU was EUR 0.28 during Q4 (Q3/18: 0.25).
- Next Games and Universal Games and Digital Platforms have agreed to terminating their collaboration on the game project that had proceeded to production.
- The company concluded consultation proceedings and the company’s headcount will decline to 117 from 143.
- The company initiated a new project that does not have an external IP attached to it at the moment.