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KamaGames hails growth in 2017

| By iGB Editorial Team
KamaGames has reported a 63.5% year-on-year increase in revenue for the 12 month to December 31, 2017

KamaGames has reported a 63.5% year-on-year increase in revenue for the 12 month to December 31, 2017.

Gross revenue for the past year came in at $57.5m (€46.7m), up from $35.2m in the previous year.

KamaGames said that it has grown at an “unprecedented rate” for the last six consecutive quarters and in the past year increased key metrics such as average revenue per paying user (ARPPU), share of paying users, and number of daily active users (DAU).

DAU in 2017 was up 35.9% to an average of 414,500, compared to 305,000 in the previous year, while the DAU number is now over 510,000.

The company also said it now acquires an average of 1.5 million new players every month and is keen to grow this figure by the end of 2018.

Andrey Kuznetsov, chief executive of KamaGames, said: “There isn’t really one reason as to why we are growing at the rate we are.

“It’s more of a combination of multiple factors and also there are areas of our business that we have spent a lot of time improving on.

“Looking specifically at the areas of growth, the key points of note would be that the quality of our portfolio has improved, we have released a number of new products and we are executing more aggressive marketing campaigns.”

Kuznetsov also spoke about future goals for KamaGames and set out three main aims for the next three years.

“Within the next three years, we want to become one of the top five social mobile casino operators,” Kuznetsov said.

“We want to develop a large and varied portfolio of social casino games appealing to all social casino payers in all genres and countries.

“We would also like to continue to develop products of superior quality and to enhance them with unique features and content, as well as continue to invest in aggressive marketing via user acquisition.”

Kuznetsov added: “In three years, anything can change, new platforms can be developed, new opportunities can be made available, but in order to be the best in what we do, we must continue to invest in these new opportunities and be one of the pioneers of new platforms and technologies.

“This is how we have worked before, how we work now and how we will work going forward.”

Related article: KamaGames targets Asia with Yoozoo Games deal

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