Vivid Games has presented its 2022 report. The Real Boxing brand remains crucial to the Company's performance, which generated 71% of annual revenues.
Vivid Games has presented its 2022 report.
The Real Boxing brand remains crucial to the Company's performance, which generated 71% of annual revenues.
Vivid Games boasted in its 2022 report revenues 50% higher than a year ago and a net profit of PLN 0.7 million. EBITDA for 2022 was PLN 5 million. Highlights for 2022 included the divestiture of Bidlogic Technology and the reinstatement of Knight Fights 2's distribution. However, the continued development of Real Boxing 2 and Eroblast remained the most significant. The Company is currently focusing on the future. In parallel, it is developing Real Boxing 3, maintaining user engagement with the titles already on offer, and acquiring strategic partners.
The CEO is focusing on the successful implementation of the new strategy. "As I emphasized in the Management Report, the past year was a time of growth for the Company and the achievement of historically record revenues from Real Boxing 2. That allowed us to finalize the large transacion of Bidlogic technology's sale or retrieve the ability to distribute Knight Fights 2. On the other hand, global economic problems and the revision of the implemented strategy led us to make difficult but necessary business decisions. We have learned from both - successes and failures and are focusing on what lies ahead" - emphasizes Piotr Gamracy, CEO of Vivid Games. "In line with our recently announced strategy, we want to release by the end of 2024 the Real Boxing 3, which will offer to players much more than previous versions. We are expanding our in-house development competencies, and I know we will deliver not only this one but also other good projects. Since Monday (24.04), I have been attending the Reboot Develop Blue 2023 conference in Dubrovnik. Meetings with potential partners and industry experts have strengthened my conviction that our strategy and the path we have taken is the right one. I believe we will soon present you with further important information regarding the future of Vivid Games" - Gamracy adds.