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BoomBit Group, one of the largest Polish gaming companies, and Cherrypick Games, developer and publisher of high-quality mobile games, listed on NewConnect, have signed a cooperation agreement under a Joint Venture company. The companies plan to coordinate their efforts and know-how in respective areas in order to publish mobile games from the “Merge” genre.

In January 2022 the BoomBit Group generated USD 6M (-2% m/m) revenue from games. Marketing costs amounted to USD 3.6M (-8% m/m), and platform fees to USD 0.36M (-15% m/m). Revenue less UA & platform fees increased in January to USD 1.99M (+16% m/m). The total number of downloads for the BoomBit Group in January was 22.2M.

In December 2021 the BoomBit Group had USD 6.09M (+18% m/m) revenue from games. Platform fees increased to USD 0.43M (+34% m/m), while User Acquisition, which resulted in an increase of revenues, amounted to USD 3.95M (+39% m/m). As a result, revenue less UA & platform fees amounted to USD 1.72M (-15% m/m) and the total number of downloads for the BoomBit Group in December was 24.3M.

In November 2021 revenue from games of the BoomBit Group amounted to USD 5.19M (-5% m/m). Revenue less UA & platform fees increased to USD 2.03M (+3% m/m) and the total number of downloads for the BoomBit Group in November was 16.7M. Compared to the previous month, the Group had lower User Acquisition costs USD 2.84M (-10% m/m) and platform fees at USD 0.32M (-5% m/m).

BoomBit, one of the fastest growing mobile gaming companies, summarizes Q3 2021.

In October 2021 the BoomBit Group had USD 5.47M revenue from games (+3% m/m), and USD 3.16M marketing costs (-1% m/m). Platform fees increased to USD 0.34M (+18% m/m). Revenue less UA & platform fees in October amounted to USD 1.97M (+6% m/m). The total number of downloads for the BoomBit Group during the last month was 19M.

In September 2021 the BoomBit Group generated USD 5.33M revenue from games (+10% m/m), Marketing costs increased 21% m/m to USD 3.2M, driven by the scaling of new games released in August and September. Platform fees were USD 0.28M (-11% m/m). Revenue less UA & platform fees in September amounted to USD 1.86M (-1% m/m). The total number of downloads for the BoomBit Group during the last month was 22.4M.

The management board of BoomBit has decided to pay an advance on the expected dividend from the profit for 2021, which will amount to almost PLN 3.2M, i.e. PLN 0.24 per share.

BoomBit, one of the fastest growing mobile gaming companies, summarizes H1 2021.