Vivid Games presented its results for June. The strategic options review process is not yet over.
09.07.2024
Vivid Games presented its results for June.
The strategic options review process is not yet over.
The company generated PLN 1.13 million in sales revenues in June and recorded PLN 41k in net profit. Cumulative EBITDA for the first half of the year is PLN 1.11 million. The company is in the process of reviewing strategic options, which, due to the vacation season, may last until the end of August.
"The strategic options review process and discussions with potential partners are my priorities for the coming weeks. We are making progress in the discussions, but the vacation period may extend the options review until the end of the vacations. Due to the increase in my capital commitment to the Company, the interest of some parties in Vivid Games' offer has increased significantly. I am optimistic" - emphas Piotr Gamracy, CEO of Vivid Games.
"As for the performance of our portfolio, we continue to focus on strengthening Real Boxing 2 and developing Real Boxing 3. Revenue from Real Boxing 2 has remained stable in recent months. The team is working on the development of live-ops and monetization, which translates into a percentage increase in micropayment revenue versus advertising revenue" - adds the CEO.