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'''GDEV Inc.''' is a Cypriot [[video game publisher]] and holding company based in [[Limassol]], [[Cyprus]]. Holding was created in June 2023 and emerged as a result of [[restructuring]] of [[Nexters]] Inc. on June 21, 2023.<ref>{{Cite web|url=https://finance.yahoo.com/news/nexters-inc-evolves-gaming-entertainment-120000074.html/|title=Nexters evolves to Gaming Holding Company - GDEV Inc|date=June 21, 2023|website=yahoo.com}}</ref>
'''GDEV Inc.''' is a global [[holding company]] based in [[Limassol, Cyprus]].


The company has published several notable video game titles including ''[[Hero Wars]]'', ''[Pixel Gun 3D]'', ''Island Hoppers'' and others. According to ''[[Reuters]]'', the company went public with a valuation of 1.9 billion dollars.<ref>{{cite web|last=Inc|first=GDEV|title=Nexters Global to go public via $1.9 billion SPAC deal|url=https://www.reuters.com/article/idUSL4N2K73MF/ February 2021|website=[[Reuters]]|language=en}}</ref>
It emerged as a result of [[restructuring]] of [[Nexters]] Inc. on June 21, 2023.<ref>{{Cite web|url=https://finance.yahoo.com/news/nexters-inc-evolves-gaming-entertainment-120000074.html/|title=Nexters evolves to Gaming Holding Company - GDEV Inc|date=June 21, 2023|website=yahoo.com}}</ref>


GDEV now operates as the parent company and oversees a range of subsidiaries.
GDEV now operates as the parent company and oversees a range of subsidiaries.
Line 66: Line 66:


Complementary to [[Nexters]], GDEV oversees the subsidiaries Cubic Games, the partially controlled assets Royal Ark and Game Gears, among others, as well as any future acquisitions.
Complementary to [[Nexters]], GDEV oversees the subsidiaries Cubic Games, the partially controlled assets Royal Ark and Game Gears, among others, as well as any future acquisitions.

Its franchises, such as [[Hero Wars]]<ref name="auto">{{cite web | url=https://www.pocketgamer.com/hero-wars/120-million-downloads/ | title=Hero Wars, Nexters' popular fantasy idle RPG with casual mini-games, has surpassed 120 million downloads | date=13 April 2023 }}</ref>, Island Hoppers <ref>{{cite web | url=https://gamingonphone.com/news/island-hoppers-a-jungle-adventure-title-gets-an-official-launch-on-android-and-ios// | title=Island Hoppers, a jungle adventure title gets an official launch on Android and iOS | date=October 28, 2023 }}</ref>, [[Pixel Gun 3D]]<ref>{{cite web | url=https://venturebeat.com/games/cubic-games-pixel-gun-3d-surpasses-185m-mobile-downloads/| title=Cubic Games' Pixel Gun 3D surpasses 185M mobile downloads| date=5 October 2023}}</ref>, and others have accumulated hundreds of millions installs worldwide, and the holding focuses on nurturing their growth.


== Games ==
== Games ==

Revision as of 10:31, 23 June 2024

  • Comment: I'm not seeing significant coverage of the company in this article. Phrases like strategic shift aimed to establish a dynamic ecosystem and the holding focuses on nurturing their growth are clearly corporate speak and not neutral in tone nor encyclopedic in nature. Unfortunately a lot of work is needed here to justify this entering the mainspace without issue. VRXCES (talk) 12:15, 19 May 2024 (UTC)
  • Comment: Do you have any more non-interview sources about the company itself(not it's games)?
    Companies are hard to write about because nobody really talks about them critically. Ca talk to me! 22:51, 15 December 2023 (UTC)
  • Comment: Little improvement made Ca talk to me! 01:27, 18 October 2023 (UTC)
  • Comment: The listed sources are just simple routine announcements. They only document the name change and provide a list of games produced. We need more substance than that. Ca talk to me! 14:58, 31 August 2023 (UTC)
  • Comment: press releases are not reliable or independent. Theroadislong (talk) 13:26, 25 August 2023 (UTC)

GDEV
Company typePublic
Nasdaq:GDEV
IndustryGaming
FoundedJune 21, 2023; 14 months ago (2023-06-21)
FounderAndrey Fadeev
Headquarters,
Cyprus
Area served
Worldwide
Key people
  • Andrey Fadeev (CEO and Co-Founder)
  • Natasha Braginsky-Mounier (Chairperson, Independent Director)
  • Anton Reinhold (COO)
  • Roman Safiyulin (CCDO)
  • Alexander Karavaev (CFO)
  • Yulia Dementieva (General Counsel)
RevenueIncrease US$465 million (2023)
Subsidiaries
  • Nexters
  • Cubic Games
  • Royal Ark
  • Game Gears
Websitegdev.inc

GDEV Inc. is a Cypriot video game publisher and holding company based in Limassol, Cyprus. Holding was created in June 2023 and emerged as a result of restructuring of Nexters Inc. on June 21, 2023.[1]

The company has published several notable video game titles including Hero Wars, [Pixel Gun 3D], Island Hoppers and others. According to Reuters, the company went public with a valuation of 1.9 billion dollars.[2]

GDEV now operates as the parent company and oversees a range of subsidiaries.

History

In June 2023, international game development company Nexters Inc. restructured into GDEV holding, while Nexters became its largest wholly-owned subsidiary.

Complementary to Nexters, GDEV oversees the subsidiaries Cubic Games, the partially controlled assets Royal Ark and Game Gears, among others, as well as any future acquisitions.

Games

Nexters operates Hero Wars [3], an online RPG fantasy game, and Island Hoppers [4], a jungle adventure game.

Cubic Games [5] operates Pixel Gun 3D, a mobile first-person shooter, that has generated $200m in bookings [6]. Since its 2013 release, the game has been downloaded 185 million times across iOS and Android devices [7], and Block City Wars [8], is a multiplayer shooter on the huge map.

In 2023, the company announced the launch of Hero Wars Universe[9]

Finances

In its financial report for the full year ending December 31, 2023, GDEV Inc. reported a record annual revenue of $465 million, representing an 11% growth from the previous year. The Company achieved a total comprehensive annual income of $11 million and EBITDA of $98 million[10]

References

  1. ^ "Nexters evolves to Gaming Holding Company - GDEV Inc". yahoo.com. June 21, 2023.
  2. ^ Inc, GDEV. February 2021 "Nexters Global to go public via $1.9 billion SPAC deal". Reuters. {{cite web}}: |last= has generic name (help); Check |url= value (help)
  3. ^ "The best fantasy games on PC 2024". May 2024.
  4. ^ "Island Hoppers: Jungle Farm Beginner Tips and Tricks - To the Paradise Island". November 2023.
  5. ^ "Cubic Games Studio games". April 2024.
  6. ^ "Pixel Gun 3D mobile has generated $200m in bookings". 6 October 2023.
  7. ^ "Pixel Gun 3D surpasses 185 million downloads across iOS and Android platforms". 5 October 2023.
  8. ^ "Top 10 best mobile games like Roblox in 2024". February 2024.
  9. ^ "GDEV makes a big bet on Hero Wars Universe". 11 December 2023.
  10. ^ "GDEV reported 10% rise in prelim Q4 revenue". March 2024.