Vivid Games presented its third quarter results. The Company views this period as particularly important from the point of view of its strategy.
22.11.2023
Vivid Games presented its third quarter results.
The Company views this period as particularly important from the point of view of its strategy.
Vivid Games concluded several transactions in the third quarter of this year that are important from the point of view of the Company's strategy. Following the July release of a port of the game Eroblast for the Japanese Nintendo Switch console, there was another agreement with QubicGames, under which the game will be launched on PC in mid-2024. At the same time an agreement was concluded with BoomBit S.A. to produce a casual boxing game, expanding the Company's product portfolio in this segment. The title is currently in the soft launch phase, and its global release will happen later this year. In turn, at the beginning of October, the Company entered into an agreement valued at approximately PLN 1 million, under which it will produce and release a free endless runner game using IP associated with the brand owner's FMCG products. Third-quarter results for 2023 do not differ from the estimates presented in October.
"I view the past quarter positively. The partnerships acquired and contracts concluded guarantee our stable operation until the release of Real Boxing 3, a game that, in my opinion, can multiply the Company's achievements to date. What we have already created at the prototype stage gives us an idea of the quality and user engagement capabilities that the game will present at the time of its global release. The title will offer players gameplay in the offline form of combat (with artificial intelligence) and with real opponents in multiplayer mode. An important and unique element will also be an extensive storyline, around which the meta-game layer will be formed" - emphasizes Piotr Gamracy, CEO of Vivid Games. "I am convinced that the coming months will be crucial for building the foundation for Vivid Games' further development. We face new regulations of sales channels and turmoil in the global market, but we have clearly defined goals and a set path that will lead us to them" - adds the CEO.