Huuuge, INC. closes q3 2022 with bookings* of USD 77m and record adjusted EBITDA of USD 24.5m representing growth of 39% YoY and 79% QoQ
Huuuge, Inc., a global game developer and publisher of free-to-play games has published its preliminary sales bookings and preliminary adjusted EBITDA for the 3rd quarter of 2022.
According to Anton Gauffin, founder and co-CEO of Huuuge: “The long term outlook for the gaming industry looks very promising. While the world is experiencing turbulent times from the economic perspective, we believe one of our advantages is our ability to quickly adapt to changing market realities. Our sales margin improvement in Q3 2022 exemplifies this. Huuuge is generating increasingly sizable profits, and has fuel to invest in the future, which positions the company well for times of economic stress.“
According to Rod Cousens, co-CEO of Huuuge: “In a market which continues to throw off negative statistics, Huuuge is bucking the trend and the early initiatives we actioned are delivering over performance which we believe to be sustainable. Our sales margin is improving and we are maximizing returns on reduced revenues, demonstrating the efficiencies of our strategies where we achieve more from less. We continue to be cost disciplined and our product enhancement strategy will only lead to more monetisation opportunities in the future.“
* All numbers (USDm) refer to sales bookings excluding deferred revenues