Gaming Realms, an online gaming group which creates, develops and markets online gaming applications, has reported both positives and negatives financially. At the end of their six month period, which ended in March, their revenue was reported to have risen to a whopping 400% to GBP 3.6 million with player acquisition at an all-time high.
However, a loss of GBP 4.9 million has also been reported prior to taxation. Surprisingly though, Chief executive, Patrick Southon, isn’t worried about it. According to him, this sort of thing was expected as a result of excessive marketing.
Southon made a statement on Monday, claiming, “We are pleased with our growth in player acquisitions and revenue. In accordance with our business strategy and financial plan, we invested aggressively in marketing, which has translated into a solid foundation for the future growth of our business.”
ethereal
9 years ago
Sounds like their chief executive is a gambling man - I'd certainly be worried about those figures!
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