Day: June 7, 2020

Russian Mobile Game Developer Makes Record Profits During Lockdowns

A mobile game developer founded in Russia registered record profits during coronavirus lockdowns around the globe as more people downloaded games while confined to their homes, one of its founders said. Playrix, based in Dublin since 2014, recorded 16.5 crores downloads of its games between mid-March and mid-May, nearly double the number in the two months prior to the pandemic, cofounder Igor Bukhman said.

The company’s revenue jumped 40 percent to $46¬†crores (roughly Rs. 3,475 crores) in the last two-month period and stood at nearly $100 crores (roughly Rs. 7,556 crores) for the first five months of the year, he said.

“We managed to get significantly more new users during this period,” Bukhman told Reuters. “It’s difficult to determine exactly how much of this revenue was caused by lockdowns, but we have had record figures in the last months.”

Gaming has been one sector to benefit from coronavirus lockdowns.

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