Nexters Inc
NASDAQ:GDEV
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Nexters Inc
Nexters, Inc. is an emerging growth company. The firm offers core gaming experiences to casual players on mobile and desktop. The Company’s hit games include Hero Wars, Throne Rush and Chibi Island. Its Hero Wars game is available on both mobile and Web platforms. Its Hero Wars game includes defeating hydras with guild on mobile and complete the co-op adventures with the help of pets on the Web. Its Throne Rush game is a strategy game, which allows players to rule their own kingdoms and achieve prosperity while destroying enemies and capturing their wealth. Its Chibi Island game helps to explore the secrets of the pyramid. Its Chibi Island game includes thrilling mysteries, game modes, and fun.
Nexters, Inc. is an emerging growth company. The firm offers core gaming experiences to casual players on mobile and desktop. The Company’s hit games include Hero Wars, Throne Rush and Chibi Island. Its Hero Wars game is available on both mobile and Web platforms. Its Hero Wars game includes defeating hydras with guild on mobile and complete the co-op adventures with the help of pets on the Web. Its Throne Rush game is a strategy game, which allows players to rule their own kingdoms and achieve prosperity while destroying enemies and capturing their wealth. Its Chibi Island game helps to explore the secrets of the pyramid. Its Chibi Island game includes thrilling mysteries, game modes, and fun.
Strong Revenue Growth: Nexters reported Q3 2021 revenue of $115 million, up 77% year-over-year, driven by organic growth and strong performance despite a high base from the prior year.
Profitability Improvement: Adjusted net income turned positive at $8 million in Q3, compared to an $11 million loss in the same period last year.
Robust Cash Flow: Operational cash flow rose to $51 million, up 59% year-over-year, highlighting the company’s strong cash generation.
Bookings Guidance Updated: Full-year bookings are now expected to be $560–570 million, with the change attributed to a technical adjustment in platform commission accounting, not core business performance.
Platform & Geographic Expansion: Nexters has seen rapid growth in Asia and desktop platforms, with desktop bookings now making up almost a third of total bookings.
Active User Growth: Paying users grew to 371,000, up 30% year-over-year, while average spend per payer remained steady.
Positive IDFA Impact: Despite industry-wide concerns, Nexters saw no drop in iOS marketing efficiency post-IDFA changes, benefiting from proprietary data and strong analytics.
