Leading German mobile developer and publisher InnoGames has today announced record-breaking revenues of €161.5 million for 2017.
With revenues up by 24% on the year prior, fuelled primarily by a 62% increase on mobile, 2017 marks the company's tenth year of consecutive growth.
Browser games remained intrinsic to the InnoGames' success last year, with revenues up by 11% to €107 million. The company also confirmed an EBITDA margin of 25%, increasing its overall profitability.
InnoGames' reported a 15% increase in play time and an additional 13% in daily active users across its entire portfolio. Its flagship titles Forge of Empires and Elvenar saw revenue increases of 36%, with mobile as the main growth drivers.
Meanwhile, Elvenar's mobile version successfully launched onto iOS and Android in November 2017 and is expected to scale over the coming year.
"The keys to our success definitely are our teams, our high-quality, data-driven approach and, ultimately, our games," said InnoGames' CEO Hendrik Klindworth.
"We are focusing on the development of new mobile titles to further invest in future growth while optimising our existing titles. I want to take the opportunity to thank all the players and everyone who contributed to another record-breaking year for InnoGames."