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Next Games Corp.: Financial Statements Bulletin January-December 2020
Next Games Corporation Company Release, 19 February 2021, 8:00 a.m. EET
Company EBITDA positive as a result of record Publishing Profitability.
January-December in short
- Revenue was EUR 27.2 (34.7) million
- Gross Profit was EUR 14.3 (19.7) million, 52% (57%) of revenue
- Operating Result (EBIT) improved EUR 4.0 million and was EUR -3.4 (-7.4) million
- Adjusted Operating Result improved EUR 3.9 million and was EUR -0.1 (-4.0) million
- EBITDA turned positive and was (EUR) 0.5 (-3.5) million
- Publishing profitability doubled in proportion to revenue with EBITDA at EUR 6.4 (3.8) million, 24% (11%) of revenue
- Research and Development expenses were EUR -5.6 (-6.6) million, 21% (19%) of revenue
- The company had 104 (107) employees at the end of 2020
July-December in short
- Revenue was EUR 12.8 (15.5) million
- Gross profit was EUR 6.7 (8.4) million, 52% (54%) of revenue
- Operating Result (EBIT) was EUR -1.7 (-3.9) million
- Adjusted Operating was EUR -0.2 (-2.2) million
- EBITDA was EUR 0.2 (-2.0) million
- Publishing profitability measured by EBITDA doubled to EUR 3.0 (1.5) million, 24% (10%) of revenue
- Research and Development expenses EUR -2.9 (-3.3) million, 23% (21%) of revenue
(Numbers in brackets refer to the corresponding year-on-year period unless otherwise mentioned)
Key Figures
| EUR million | Jul-Dec 2020 | Jul-Dec 2019 | Change | 2020 | 2019 | Change |
| Company | ||||||
| Revenue | 12.8 | 15.5 | -17% | 27.2 | 34.7 | -22% |
| Gross Profit | 6.7 | 8.4 | -20% | 14.3 | 19.7 | -28% |
| EBITDA | 0.2 | -2.0 | 111% | 0.5 | -3.5 | 116% |
| Operating Result (EBIT) | -1.7 | -3.9 | 56% | -3.4 | -7.4 | 54% |
| Adjusted Operating Result | -0.2 | -2.2 | 91% | -0.1 | -4.0 | 97% |
| Gross profit % | 52% | 54% | 2ppt | 52% | 57% | 5ppt |
| EBITDA % | 2% | -13% | 15ppt | 2% | -10% | 12ppt |
| Operating Result (EBIT) % | -14% | -25% | 11ppt | -12% | -21% | 9ppt |
| Adjusted Operating Result % | -1% | -14% | 13ppt | 0% | -11% | 11ppt |
| Publishing Operations’ Profitability | ||||||
| EBITDA | 3.0 | 1.5 | 100% | 6.4 | 3.8 | 70% |
| EBITDA % | 24% | 10% | 14ppt | 24% | 11% | 13% |
| Research and Development Key Figures | ||||||
| Investments | 1.9 | 1.0 | 85% | 3.5 | 2.4 | 48% |
| Expenditure | 3.7 | 3.6 | 4% | 7.0 | 7.6 | -7% |
| Key Figures per Quarter | ||||||
| EUR million | Jul-Sept 2020 | Jul-Sept 2020 | Change | Oct-Dec 2020 | Oct-Dec 2020 | Change |
| Revenue | 6.1 | 7.8 | -22% | 6.7 | 7.7 | -12% |
| Gross Profit | 3.2 | 4.3 | -27% | 3.5 | 4.1 | -14% |
| EBITDA | 0.2 | -1.1 | 118% | 0 | -0.8 | 100% |
| Operating Result (EBIT) | -0.8 | -2.1 | 63% | -1.0 | -1.8 | 47% |
| Adjusted Operating Result | 0.0 | -1.2 | 104% | -0.2 | -1.0 | 76% |
| Gross profit % | 52% | 56% | 4ppt | 52% | 53% | 1ppt |
| EBITDA % | 3% | -14% | 17ppt | 0% | -11% | 11ppt |
| Operating Result (EBIT) % | -13% | -27% | 14ppt | -14% | -24% | 10ppt |
| Adjusted Operating Result % | 1% | -15% | 16ppt | -3% | -13% | 10ppt |
Chief Executive Officer Teemu Huuhtanen
2020: Ready for growth
“Our strategy to make games based on well known brands is the cornerstone of profitably growing our market share.“
Next Games’ year 2020 ended on a positive note, reaching EBITDA profitability of EUR 0,5 million. The main theme of the past year was our turnaround in profitability. Publishing Operations profitability doubled as compared to the previous year. We also held a successful Capital Market Day for investors in the fall, where we refined our strategy and announced our new, mid-term financial targets of achieving yearly revenues of EUR 250 million, reaching EBITDA of over 23 % and an EBIT level of over 18%. Our growth goals are supported by our games as a service focus, and continued development and support of our full portfolio of games. The spearhead of new releases is our latest game based on the well-known brand; Stranger Things. We will grow revenues through scaling marketing investments in the upcoming year.
Our revenue was EUR 27,2 million (34,7). Our Publishing Operations, i.e. the profitability of published games as measured by EBITDA, improved to EUR 6,4 (3,8) million and the corresponding EBITDA margin to 24% (11%): Our published games enable a stable and profitable business, as well as investments in the future.
We benefit from our strong market position in the large and growing mobile gaming market; the fastest growing segment in gaming, reaching 100 billion dollars in revenues within a few years. Interest in games is steadily growing with the global gaming market already larger than the film and music industry combined. Next Games benefits from this market development and we are already one of the largest publishers in our genres (Geolocation and Turned Based RPG) in our main market area; North America.
Our strategy to make games based on well known brands is the cornerstone of profitably growing our market share. The use of well-known brands, enables us to attract players with lower user acquisition costs compared to publishers who rely solely on user acquisition. With our advanced analytics, we are both able to scale efficiently and to optimize the in-game experience for our players.
Over the past year, we have invested heavily in our own technology platform as well as in analytics and processes, i.e. our unified infrastructure. We continue strengthening our strategic partnerships with various partners, and our product development pipeline is working on a number of promising games based on well-known international brands. More than half of our staff worked on upcoming games, and at the heart of our development is our focus on tailoring a player-centric purchase and engagement experience in our games.
We strongly believe that the best people make the best games, which is why we have invested in both international recruitment and professional development. At the end of the year, Next Games employed more than a hundred professionals from 22 different countries. Our newly appointed (end of 2020) and strengthened management team is also a key factor in supporting and accelerating growth.
In many ways the past year has been challenging for all of us, due to the concerns of the COVID-19 pandemic. However despite this challenging situation, we have been able to improve the profitability of our business as well as further the development of our new games, in accordance with our strategy. Our efforts will bear fruits in 2021, and we will continue to develop our business for long term success in the incoming years.
I would like to thank our whole team at Next Games, all our partners and our shareholders for the past year. In particular, I would like to thank our players for their continued commitment to our games. We will continue to invest in players first, now and in the future.
Teemu Huuhtanen
CEO
Outlook 2021
Next Games expects revenues to grow to at least EUR 40 million in 2021. The company is targeting profitable growth with full year EBITDA positive in 2021.
Basis for outlook
The outlook is based on an estimate that Walking Dead games will generate revenue on a steady or slightly declining trend. Revenue for Stranger Things will be increased during 2021, and Blade Runner will be released in key markets.
Audiocast and phone conference
We will hold an audiocast and a phone conference in English. Next Games’ 2020 review will be presented by CEO Teemu Huuhtanen and CFO Annina Salvén. The English audiocast starts on 19, February, 2021 at 10.00 EET. You can join by using the following link: https://nextgames.videosync.fi/2020-q4-results or by phone.
Phone conference details:
Dial in by calling your location’s phone number a couple of minutes before the start. Confirmation code: 69230062#
Finland: +358 981 710 310
Sweden: +46 856 642 651
United Kingdom: +44 333 300 0804
United States: +1 631 913 1422
Additional information:
Annina Salvén
CFO
+358 (0) 40 588 3167
[email protected]
Certified Adviser: Alexander Corporate Finance Oy, puh. +358 50 520 4098
About Next Games
Next Games (Helsinki Nasdaq First North Growth Market: NXTGMS) is the first publicly listed mobile game developer and publisher in Finland, specializing in games based on entertainment franchises, such as movies, TV series or books. Our critically acclaimed The Walking Dead games redefines the way franchise entertainment transforms into highly engaging service-based mobile games. For more information head to www.nextgames.com
Attachments
Leading crypto sportsbook and casino Cloudbet has released the first edition of Cloudbet Snapshot: Regional Crypto Betting Trends, a new series designed to track how bettors worldwide engage with their favorite sports. This inaugural snapshot, covering August to September 2025, analyzes betting activity across 12 of the most popular competitions—a curated slice from the thousands of events available on Cloudbet every day. The findings provide one of the clearest looks yet at regional betting behaviors during a peak period spanning the start of European soccer seasons, the US Open tennis championships, and the MLB playoff race.
Set against a global online gambling market valued at $87.69 billion in 2025 and forecast to hit $153.57 billion by 2030 (11.9% CAGR, Grand View Research), the results reveal a telling divide: while soccer remains the backbone of crypto betting worldwide, regional favorites like baseball, UFC, and Argentina’s Liga Profesional are reshaping the landscape.
“We took each region’s top five competitions and built a composite set to show where local favorites overlap or diverge globally,” said John, a Cloudbet spokesperson. “This snapshot gives a clean view of how bettors engage across regions, without drowning in the thousands of markets we host every day.”
Soccer dominates, but rivals (Grand Slams, MLB) break through
Globally, soccer accounted for 57.1% of activity in the sample, led by the Premier League (15.57%), La Liga (12.78%), and UEFA Champions League (10.08%). A London derby between Chelsea and Crystal Palace was among the top draws, underscoring soccer’s ability to anchor engagement across markets.
Tennis also stood tall. The US Open men’s and women’s singles combined for over 20% of activity, with high-profile matches in New York driving late-summer betting volume. MLB contributed 9.73% globally, a figure lifted by pennant-race rivalries such as Yankees v. Red Sox, which pulled bettors well beyond North America.
Regional snapshots:
- Latin America: Copa Libertadores (8.98%) and Liga Profesional de Fútbol (LPF) (8.53%) underlined local loyalties, with MLB making inroads at 10.89%.
- North America: MLB towered at 22.78%, supported by college football’s return (10.62%) and UFC (10.21%). The Du Plessis v. Chimaev bout captured enough attention to rival soccer, which managed only 10.42% in the region.
- Asia & Middle East: Soccer led, with Serie A (9.75%) joining global heavyweights, while UFC climbed to 5.98% — evidence of a growing combat-sports appetite.
- Europe: Soccer stayed dominant, but bettors also looked to the UEFA Europa Conference League (9.93%) and US Open Women’s Singles (10.03%), showing a taste for variety alongside the main football calendar.
Figure 1 note: The chart reflects a combined set of 12 competitions drawn from each region’s top five by engagement. It is not a global “top 12,” but rather a mix of favorites that surfaced across Latin America, Asia/Middle East, North America, and Europe.
Liga Profesional de Fútbol’s surprising global reach
Argentina’s Liga Profesional de Fútbol (LPF) emerged as a standout. While commanding 8.53% in Latin America, it also posted 3.59% in Europe and 3.07% in Asia/Middle East, both just nominally higher than its 3.06% in North America. Beyond diaspora ties and broadcast reach, analysts believe the LPF benefits from time-zone dynamics: evening kickoffs in South America align with late-night hours in Europe, giving bettors fresh live action after local leagues wrap up. By contrast, Copa Libertadores (8.98% in Latin America, 1.53% in North America) remains a more appointment-driven event, commanding big moments but not the same nightly presence.
“Bettors don’t switch off when the last whistle blows in London or Madrid,” said John, the Cloudbet spokesperson. “They roll straight into Buenos Aires or Montevideo, because those games are still live, the streams are cheap, and the action feels real. It’s the same reason a Yankees–Red Sox series or a UFC title fight can pull people in from outside North America — rivalries and timing matter as much as the sport itself.”
Cloudbet Snapshot methodology and context
- Scope: 12 most engaged competitions, selected by pooling each region’s top five during August 5 – September 4, 2025.
- Metric: Share of unique bettors per competition relative to the 12 listed, not sitewide volume.
- Timing: Coincided with European soccer kickoffs, MLB pennant races, and the US Open.
- Exclusions: Other competitions available on Cloudbet were not included, meaning sports like NBA, NFL, or niche leagues may be underrepresented, likely due to seasonal variability.
Full Snapshot available here: https://media.cloudbet.com/422608-cloudbet-snapshot-augusts-regional-crypto-betting-trends
For more information, users can visit Cloudbet.com.
About Cloudbet
Founded in 2013, Cloudbet is the world’s longest-running crypto casino and sportsbook. Over the past decade, players worldwide have placed millions of bets using over 40 different cryptocurrencies. In 2024, Cloudbet introduced the most generous welcome offer and loyalty program online, featuring stacked rewards and guaranteed daily cash drops for frequent bettors.
With a wide selection of slots, live casino games, and sports markets—ranging from esports to Premier League and NFL player props—Cloudbet is the leader in secure crypto betting. Users can visit Cloudbet.com; Instagram (@cloudbetofficial); Twitter/X (@Cloudbet).
Contact
Irene
The post Cloudbet maps regional betting trends in August–September 2025 appeared first on European Gaming Industry News.
Surf On the Waves to Success: N1 Partners at SBC Summit Lisbon 2025
From September 16 to 18, the N1 Partners team will take part in SBC Summit 2025 in Lisbon — one of the largest events in the iGaming industry. Thousands of professionals from around the world will gather at Feira Internacional de Lisboa & MEO Arena to discuss trends, exchange insights, and build new partnerships. N1 Partners is known for preparing something special for every event, and this time the team will bring a vibrant surf-inspired atmosphere to booth F84.
Surfing the Wave of Opportunities with N1 Partners
At every conference, meeting the N1 Partners team is a chance for affiliates to advance in the N1 Puzzle Promo and get closer to the grand prize of the year — the Robinson R22 Beta II helicopter. In Lisbon, this journey takes on a fresh theme — surfing, as a symbol of freedom, energy, and moving forward.
At the N1 Partners booth, the team will recreate the vibe of a real surf camp, giving partners the chance to discuss business opportunities and take part in activities designed to help them “catch the wave” of success.
What Visitors Will Find at Booth F84
- Surf Bar serving signature bubble teas and retro-surf–style cocktails
- Surf Balance Board Challenge: test your balance, claim guaranteed prizes, and get the chance to win an all-inclusive surf trip
- Meeting zones designed for productive negotiations and top-tier deals in a comfortable setting
A Dream Trip for the Winner
N1 Partners will raffle off a certificate for an all-inclusive surf camp trip, which includes flights, villa accommodation, training with a professional coach, and a branded surfboard delivered directly to the winner.
How to participate:
- Visit booth F84
- Register for the giveaway
- Be present at the raffle (stay tuned for the exact time on N1 Partners’ social media)
Full terms and conditions will be available at the booth.
See You in Lisbon
SBC Summit Lisbon is the perfect opportunity to meet the N1 Partners team, explore new projects, learn about the latest brand launches, and discuss exclusive partnership opportunities. At booth F84, visitors will find live business conversations, branded merch, and additional puzzles to bring them closer to the grand prize of the N1 Puzzle Promo.
Why N1 Partners
Working directly with an advertiser, partners of N1 Partners benefit from:
- 14+ licensed casino and sportsbook brands with Reg2Dep up to 70%
- top deals across 10+ Tier-1 GEOs
- CPA up to €650, RevShare up to 45% + NNCO, and hybrid models
At booth F84, the N1 Partners team will be focused on real business. Whether you run SEO, PPC, FB, or other traffic sources, you’ll discover how to turn them into even greater profit with N1 Partners’ offers.
Don’t wait: book your meetings with N1 Partners’ affiliate managers now and make your SBC Lisbon experience as productive as possible.
The post N1 Partners is giving away a trip to a surf camp at SBC Summit 2025 in Lisbon appeared first on Gaming and Gambling Industry in the Americas.
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JURASSIC WORLD Omnichannel Games Thrill U.S. Players as Scientific Games Readies for Linked Game Winners’ Event
URASSIC WORLD-Inspired Scratch Games Are Roaring this Summer, Digital Games Launching
Scientific Games announces that its exclusive, new JURASSIC WORLD-themed lottery games are roaring with success across the U.S. this summer. Created as part of a multi-year collaboration with Universal Products & Experiences, the blockbuster instant scratch games are delivering powerful results, with sales up to 161% higher than other games at the same price point in the market. The company created an omnichannel suite of JURASSIC-themed products to meet players where they play, including scratch, Fast Play, draw-based, Keno, digital second-chance and eInstant games.
The successful launches are setting the stage for the company’s JURASSIC WORLD-themed Linked Game winners’ event next year. The event will bring together lottery winners from across the U.S. for a once-in-a-lifetime, brand-immersive experience in Hawaii—where the original JURASSIC PARK was filmed—complete with white-glove services and opportunities to win additional cash prizes. Linked Game entry is through Scientific Games’ digital second-chance drawing program.
Sixteen of 20 state lotteries participating in the Linked Game have already launched JURASSIC PARK and JURASSIC WORLD scratch and Fast Play games at the $5 or $10 price points, with four more launches coming soon. JURASSIC-themed eInstant games have recently launched.
Scott Warner, Product Manager for the South Carolina Education Lottery, said: “The JURASSIC PARK franchise is one of the most recognizable and beloved brands in the world. It has had a special place in pop culture for decades. There is a great blend of adventure and nostalgia, plus the excitement of the $1,000,000 JACKPOT CHALLENGE. The fact that the promotion aligned with the release of the newest movie was perfect and made JURASSIC PARK an ideal fit for our scratch-off portfolio. The launch has been very strong, with six-week sales the second highest of any game over the past year. We’re really excited to send players to Hawaii! The trip experience will be incredible and the extra opportunities to win up to $1,000,000 will be thrilling for players.”
In July, JURASSIC WORLD Rebirth opened in movie theatres nationwide. From Universal Pictures and Amblin Entertainment, the JURASSIC WORLD franchise immerses audiences of all ages in a new era of wonder and thrills where dinosaurs and humankind must learn to coexist.
Joshua Johnston, Director of Washington’s Lottery, said, “The JURASSIC franchise has thrilled generations, and bringing that excitement to our players through a themed scratch ticket felt like a perfect fit. From the recognizable artwork to the thrill of uncovering big prizes, our players embraced the game right away. It’s always exciting to tap into fan-favorites that fuel a sense of fun and nostalgia. We’re always looking for new ways to create memorable experiences for our players, and the JURASSIC-themed game delivers just that. With the chance to win up to $1 million – plus a once-in-a-lifetime trip to Hawaii up for grabs, where the original film was shot – the game offers an incredible layer of excitement to an already engaging experience.”
In addition to appealing heavily to core instant game lottery players, a recent study showed that three of the five non-core instant game player segments placed JURASSIC PARK in the “Keeper” brand quadrant based on the brands breadth of appeal and intensity of liking. Overall, licensed brands have been shown to successfully attract new, non-core players. Recent Scientific Games loyalty program data showed that licensed branded games are 63% more likely to lead to loyalty club registrations than non-licensed branded games.
Robert Tharp, Senior Director of Products and Analytics, Brightstar Indiana on behalf of the Hoosier Lottery, said, “JURASSIC PARK is a new licensed property in the lottery world, so we saw it as a chance to bring a game to players with a theme they had not seen before. We have had success with nostalgic properties in the past and saw the opportunity to once again bring that feeling of nostalgia to players with JURASSIC PARK. The ticket art is very unique and eye-catching. We also felt the Linked Game event in Hawaii was something that would be attractive to players as a second chance…who doesn’t want to win a trip to Hawaii!”
Scientific Games created the first instant Linked Game in 2007 and has continued to lead the industry, working with the most recognizable brands in the world to innovate omnichannel lottery experiences and large-scale, once-in-a-lifetime winners’ experiences.
Tina Hoover, VP Licensing for Scientific Games, said, “We could not be more excited that the JURASSIC WORLD-themed games are delivering thrilling experiences for players across the U.S. and that the larger-than-life sales performance of these iconic games is generating more funding for lottery beneficiary programs.”
Scientific Games provides retail and digital games, technologies, analytics and services to 150 lotteries in 50 countries. The company offers the largest portfolio of licensed brands in the lottery industry with more than 100 properties for retail and digital games. In fiscal year 2025, licensed branded games created by Scientific Games for U.S. lotteries represented over USD $3.5B in retail and digital sales.
© Universal City Studios LLC and Amblin Entertainment, Inc. All Rights Reserved.
Universal is not a sponsor or administrator of this Promotion.
© 2025 Scientific Games, LLC. All Rights Reserved.
The post JURASSIC WORLD Omnichannel Games Thrill U.S. Players as Scientific Games Readies for Linked Game Winners’ Event appeared first on Gaming and Gambling Industry in the Americas.
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