Games Global Limited Files Registration Statement on Initial Public Offering

Revenue for Games Global in Full Year 2023 Increases by Over 80%

The net proceeds from the IPO will be used to fund several company purposes. This includes the improvement of research as well as development services. Games Global will also invest funds in its sales and marketing operations.

Within the full Form F-1 filing, the company outlined its results from 2023 for the full year. It was revealed that Games Global achieved €306.9 million in revenue for that period, marking a rise of 82.3% in a year-on-year (YoY) format.

It is also the case that sales, general and administrative expenses hit a level of €59.8 million, while the cost of revenue was €135.2 million. Deducting that from the overall revenue left a profit of €111.7 million. Removing the financial income at €1.3 million and finance expenses of €2.4 million means a pre-tax profit of €110.6 million.

With tax on Games Global’s profits standing at €2.7 million, the total profit experienced by the developer for the year stood at €107.8 million. That’s a YoY increase of 10.8%, highlighting a wonderful increase for the company in 2023.

Games Global also outlined what had been achieved in the first nine months of that year. A total of €273.2 million in revenue occurred, with a profit of €79.1 million. 

Games Global Listing Follows in the Footsteps of Other Successful IPOs

Not so long ago, the Lottomatica brand launched its own €2.67 billion IPO. This ran from April 24 to April 27 of 2023, and following the success of it, Lottomatica debuted on the Milan Euronext.

That IPO was launched to finance a certain debt partly owned by its parent company, Apollo Global Management. It sought to raise €600 million, and €425 million of that figure consisted solely of new stock being issued. A total of €175 million in shares were allocated and set to be sold by Gamma Topco. The company was already an existing investor in Lottomatica.

The IPO was hailed as a success by the company in February of 2024, stating that it had “exceeded” its expectations.

Doubtless, Games Global is looking to replicate that success with its IPO should it become effective.

It hasn’t stopped the developer from working in other areas. Only a few days ago, news came to light that the company is operating alongside Caesars Entertainment, helping to bolster the portfolio of online games it provides. Caesars Palace Frenzy, an online slot crafted by Games Global, is being launched in the iGaming market of New Jersey. Plans also see the game being introduced to the Michigan and Pennsylvania markets.

This is all part of Caesars' strategic plan to partner with the world’s best suppliers so it can deliver top-quality iGaming products. Caesars Palace Frenzy will operate exclusively with the online casino owned by the brand. It features free spins, a jackpot possibility, and excellent graphics with exciting gameplay.

To find out more about Games Global, check out this page.