wraggster
May 13th, 2013, 18:56
Smash hit mobile game generating nearly $4 million a day
Puzzle & Dragons developer GungHo Entertainment has taken to new heights after being valued at more than $15 billion.
Only a couple weeks ago did the company’s stocktake a huge rise to $9 billion (http://www.develop-online.net/news/43975/Puzzle-Dragons-dev-GungHo-worth-9-billion) on the back of new game announcements related to its hugely popular free-to-play puzzle and RPG hybrid title.
But, as reported by The Wall Street Journal (http://blogs.wsj.com/japanrealtime/2013/05/13/puzzle-dragons-gungho-market-cap-passes-nintendo/), the firm’s value has risen a further $6 billion since the end of last month, with its share price jump almost 29 per cent to value the company at $15 billion.
Serkantoto (http://www.serkantoto.com/2013/05/11/gungho-puzzle-dragons-generated-us113-million-in-sales-in-april/) also reports that after generating $113 million in April alone through iOS and Android, GungHo is raking in $3.76 million a day.
The increase puts GungHo slightyl ahead of console giant Nintendo in value on the Japanese market, which is worth around $15 billion, and most of that is on the back of a single game. The company is also worth more than mobile gaming rival DeNA, which has a market cap of $4.3 billion, and other mobile and social gaming outfits such as Gree and Zynga.
http://www.develop-online.net/news/44165/Puzzle-Dragons-developer-valued-at-15-billion
Puzzle & Dragons developer GungHo Entertainment has taken to new heights after being valued at more than $15 billion.
Only a couple weeks ago did the company’s stocktake a huge rise to $9 billion (http://www.develop-online.net/news/43975/Puzzle-Dragons-dev-GungHo-worth-9-billion) on the back of new game announcements related to its hugely popular free-to-play puzzle and RPG hybrid title.
But, as reported by The Wall Street Journal (http://blogs.wsj.com/japanrealtime/2013/05/13/puzzle-dragons-gungho-market-cap-passes-nintendo/), the firm’s value has risen a further $6 billion since the end of last month, with its share price jump almost 29 per cent to value the company at $15 billion.
Serkantoto (http://www.serkantoto.com/2013/05/11/gungho-puzzle-dragons-generated-us113-million-in-sales-in-april/) also reports that after generating $113 million in April alone through iOS and Android, GungHo is raking in $3.76 million a day.
The increase puts GungHo slightyl ahead of console giant Nintendo in value on the Japanese market, which is worth around $15 billion, and most of that is on the back of a single game. The company is also worth more than mobile gaming rival DeNA, which has a market cap of $4.3 billion, and other mobile and social gaming outfits such as Gree and Zynga.
http://www.develop-online.net/news/44165/Puzzle-Dragons-developer-valued-at-15-billion