Fantasma Games Logs 396% Increase in Net Sales in Q2
In-demand developer has generated significant growth in the second quarter with total gaming revenue up 120% at BSEK 1.4
STOCKHOLM, Sweden (August 10, 2022) – Fantasma Games, the developer of slots beyond gambling, has posted another set of incredibly strong financials, with gross gaming revenue increasing a massive 314% year on year during the second quarter.
Net sales for the group, which also includes subsidiary studio, Weiner Games, came in at MSEK 7.5, up a significant 396% year on year while gaming revenue hit MSEK 6.3 during the quarter, up 314% year on year. Fantasma accounted for MSEK 5.4 of turnover and Weiner Games MSEK 2.1.
A main driver of growth during the period was the increase in total gaming turnover, which jumped 120% YoY to MSEK 1,439 while gross gaming revenue leapt 269% to MSEK 84. A contributing factor to the higher gross gaming revenue compared to gaming turnover was achieving a margin of 5.9%.
These headline numbers allowed Fantasma Games to deliver EBITDA of MSEK 1.1 compared to a loss of MSEK 1 in the previous quarter and pushed the studio into profitability for the three-month period and also for the first half of the year where EBITDA came in at MSEK 0.6.
It has been a busy quarter for Fantasma Games, which saw founder Fredrik Johansson return to the role of CEO with the backing of the studio’s major shareholders who believe he is the best person to lead from the front and deliver the developer’s ambitious growth plans.
This includes taking on the US market, where it is now live with tier one operator BetMGM with popular slots Bounty Showdown and Wins of Nautilus Megaways now available to players in West Virginia, Michigan and Pennsylvania, with more state launches set for the second half of the year.
The studio has also strengthened its position in core markets such as Canada and Italy, as well as the UK where it has undertaken exclusive launches with tier one operators such as Flutter Entertainment and across its Paddy Power, Sky Bet, PokerStars and Betfair brands.
Fredrik Johansson, CEO of Fantasma Games, said: “What a quarter it has been for Fantasma Games. We have driven growth across all KPIs which is a testament to the popularity and performance of our games in regulated markets around the world.
“This growth has come from continuing to deliver slots that take the experience to the next level, but also through entering new markets and signing exclusivity agreements with power players in our core jurisdictions.
“This is a fantastic start to a year that has great potential, and I and the rest of the team look forward to an equally successful six months ahead.”
About Fantasma Games:
Fantasma Games is a Stockholm-based game studio founded in 2017. The company’s vision is “to create slots beyond gambling” and create the next generation in slots with an exceptional one-handed mobile gaming experience for slot players. The Fantasma Games team has a wealth of experience in slot creation. This includes collaborating with some of the most innovative minds in gaming, therefore the company has a deep understanding of how to make a significant impact and be one of the leading lights in the industry.
SOURCE: Fantasma Games.Mobile Gaming, Fantasma Games, total gaming turnover, Fredrik Johansson