The WSE-listed game developer and publisher closed the best year in its history on a strong note. In December 2023, Artifex Mundi generated over 5 million PLN of gross margin, which is 131% more than in the previous year and 9% more than in November 2023. The company’s revenue in 2023 overall increased by 114% to 82.5 million PLN, and the gross margin increased by almost 16 million PLN to 40.6 million PLN.
As expected, December was marked by a decrease in Artifex Mundi’s expenses on user acquisition. UA expenses amounted to 2.4 million PLN in comparison to 3.1 million PLN in November and almost 3.9 million PLN in October 2023. Curtailing the investment in the user base related to the seasonal increase in advertising prices made it possible to generate a record-breaking gross margin of 5 million PLN with a MoM decrease in revenue of 4% to 7.4 million PLN. Compared to December 2022, the listed company’s revenue increased by 142%.
The key product of Artifex Mundi, Unsolved, an application offering its users free-to-play access to some of the best HOPA games from Artifex Mundi’s portfolio, closed December with 6.5 million PLN in revenue (1.8 million PLN in the year before and 6.9 million PLN in November this year), reaching a record-breaking 4 million PLN in gross margin (8% more than in November last year and over four times as much as in the year before).
In the 12 months of 2023, Artifex Mundi increased its revenue by almost 44 million PLN to 82.5 million PLN. The revenue minus user acquisition costs in that period amounted to almost 42 million PLN in comparison to 26 million PLN in 2023.
– December 2023 as well as all of last year exceeded our expectations with regard to financial performance and the rate of the development of Unsolved. We are not intending to slow down. We are positive that 2024 will be another period of dynamic growth for Unsolved due to the successive implementation of subsequent modifications to the application that enhance its attractiveness to users. We hope that as early as in January Unsolved will prove its considerable potential, bolstered by the growing (for almost two weeks now) investment in the user base – says Przemysław Błaszczyk, CEO of Artifex Mundi.
