Kabam doubled its revenue in 2013

Kabam, the social games colossus known for its strategy games, had had a great 2012, making more than $180 million in gross revenue (70% more than in the previous year). Based on its mobile success in China, the company forecasted earning $270 million in 2013.

However, the Warner Bros. backed developer ended 2013 reporting $360 million in revenues, doubling its previous year. According to Kabam CEO Kevin Chou, most of that money came from their mobile ventures, although around $100 million were generated by browser games on Facebook and Kabam.com.

The Hobbit: Armies of the Third Age (2013)

Regarding the general gaming scene, Chou acknowlodges the initial success of the PlayStation 4 and Xbox One, but still isn’t sold on developing games for them:

…over time, free-to-play mobile gaming revenues will dramatically overtake traditional game sales as more people worldwide download and play games on smartphones and tablets from freemium content companies like Kabam.

Source: Gamasutra


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