In the first quarter of this year, this game developer and publisher increased sales by 73% to PLN 27.5 million, which is the highest quarterly result in the company’s history. Artifex Mundi’s normalized net profit was also increased by 73% and reached 7.6 million PLN. This incremental increase in the revenue and profit of the listed company is attributable to Artifex Mundi’s flagship product, Unsolved. In the past quarter, the gross margin of Unsolved increased by as much as 155%.
Artifex Mundi’s revenue in the past quarter grew faster than their operating costs, which translated into an 85% increase in the normalized operating result, reaching over 8.3 million PLN. The listed company closed the quarter with 29.4 million PLN in cash and short-term financial investments.
The revenue from the commercialization of Unsolved in the past quarter increased by 102% to 24.7 million PLN. The gross margin for the game (revenue minus user acquisition costs) increased by 155% to 10.8 million PLN in the analyzed period.
– We have just ended a period that was successful both in the area of business and creativity. In the first quarter, we took advantage of the favorable conditions on the advertising market to boost the investment in user acquisition for Unsolved, leading to an incremental increase of results generated by the game. We expect that by faithfully following our plans for 2024, with the Unsolved development plan at the forefront, we will sustain the fast-paced growth of Artifex Mundi in the coming quarters – commented Przemysław Błaszczyk, CEO of Artifex Mundi.
