October 8th 2019
Estimated consolidated revenues of Ten Square Games S.A. in 3Q 2019 amounted 67,9M PLN. This means growth of 36% q/q and 92% y/y.
Out of the total estimated revenues 57,7M PLN was generated by Fishing Clash, which amounts to 85% of consolidated revenues.
Due to the development of the game and the announced scaling up of marketing budgets, revenue from Fishing Clash in July this year reached a new, higher level, which was maintained in the following months, which is visible in the total value of our Q3 revenues. From the performance perspective of Fishing Clash in recent months we consider our approach to scaling up marketing expenses to be optimal. In addition, at the end of September we launched the announced test campaign of Fishing Clash advertising on thematic TV channels in the USA. Television is a new step for us, a test of a new channel, testing its potential in the free to play industry.
As a company, we have constant development in our DNA and search for the most optimal solutions, so even though the game has already attracted 30 million users, we are still looking for new opportunities and ways
of development and we are not resting on our laurels. – says Arkadiusz Pernal, Vice President of Ten Square Games.
In addition, together with our partner NetEase, we have introduced Fishing Clash, for the time being tested,
to the iOS platform in China. Now we are monitoring its performance on an ongoing basis and implementing necessary improvements and improvements, including those related to the game’s location. We are also still waiting for the decision of the Chinese regulator to introduce Fishing Clash on the Android platform in China. – adds Arkadiusz Pernal.
It is worth noting that thanks to a well-structured organization, the Ten Square Games team is working simultaneously on both existing games and 4 new projects. In the next few weeks two games from the area of women’s games will move to the soft launch phase. A soft launch of a hobby game based on our outdoor and simulation experience is also planned for the fourth quarter of this year. In turn, Golf Rush is currently being optimised – we are implementing improvements on an ongoing basis, e.g. in gameplay mechanics and design. – sums up Arkadiusz Pernal.
Estimated revenues in Q3 2019, as reported by the Management Board of Ten Square Games S.A., may differ from the final data which will be included in the consolidated quarterly report.
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Ten Square Games S.A is one of the largest mobile game producers and publishers in Poland. The company was founded in 2011 by Maciej Popowicz and Arkadiusz Pernal.
Ten Square Games specializes in hobby games. It produces and publishes free-to-play games, generating revenues from micropayments (for obtaining paid functionalities in the game) and advertisements. The games of Ten Square Games are offered on the most important mobile platforms – iOS and Android, as well as through Internet portals.
Ten Square Games has developed over 200 games so far. The best known projects are Fishing Clash – currently the most popular fishing game in the world – and Let’s Fish.
In April 2018 Ten Square Games conducted a public share issue (IPO). The value of the offer was over 94 million PLN. On 11 May 2018 the shares of Ten Square Games debuted on the Warsaw Stock Exchange. On June 15, 2018, the company joined the sWIG80 index, and on March 18, 2019, the new sector index on the Warsaw Stock Exchange, bringing together game producers – WIG.Games.
More information: https://tensquaregames.com/investors/
Contact for investors: Bartłomiej Piekarski
tel. +48 667 872 742, email@example.com
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