Gamevil reaches 400M downloads

Gamevil reaches 400M downloads

17 JUL 2014

South Korean mobile games publisher Gamevil said it has seen a total of 400 million downloads of its mobile games, after racking up 100 million over the past year.

The company said titles including Monster Warlord and Spirit Stones contributed to its growing user base. The company also launched a new mobile title, the action role-playing game Kritika: Chaos Unleashed.

Gamevil embarked on an acquisition spree late last year, including taking full control of US-based developer Everple, the maker of social network RPG Monster Warlord.

Gamevil said in September 2013 that its strategy would include “aggressive acquisitions” which Kyu Lee, president of the game maker and publisher’s business in the USA, told Mobile World Live was down to the growing stakes in the mobile gaming sector.

“Mobile gaming is becoming bigger and bigger and production values are at an all-time high. The ante has gone up in terms of being a successful publisher,” he said.

During a period towards the end of 2013, Gamevil acquired South Korean rival Com2uS and US developer Relax Games, along with Nine Wheels and a stake in DBROS.

Gamevil reported strong revenue gains in the first quarter of 2014 with sales of KRW27.8 billion ($27.2 million), up 60 per cent year-on-year. However, net profit was down 33.4 per cent at KRW3.6 billion.

The proportion of income coming from overseas declined to 42 per cent in the first quarter from 59 per cent in Q4 2013. International income increased 29 per cent year-on-year but fell 11 per cent compared to the prior quarter. This was attributed to a lack of global launches contrasting with new titles in South Korea.

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Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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