The creators of our class have a nose for games. This Square Games earns tens of millions by catching virtual fish

In recent days we could read about billions of the CD Projekt Group and millions of PlayWaya, but also at the headquarters of another Polish company you can hear pops of champagne corks. The creators of our class - Popowicz and Pernal - earned PLN 35 million during the quarter. All thanks to virtual fish.

On the main market of the Stock Exchange we can find a dozen or so companies involved in the creation of video games. In addition to giants such as CD Projekt, PlayWay and CI Games, we will also find smaller players, which would indicate Ten Square Games. The company's shares have been growing rapidly since the beginning of 2020, breaking all previous records. Together with the course go great financial results, getting in the mobile sector.

In the latest quarter Ten Square Games earned "clean" PLN 35 million.

This is more than the total production budget of the first Witcher. However, it seems that Ten Square Games is not going to compete with CDP and CI Games in the field of desktop games, dedicated consoles and personal computers. The company based its operating model on the mobile sector, where it has several different productions to offer. The most important of them is Fishing Clash, i.e. fishing on your smartphone.

Fishing Clash is free production, available for download on Google Play and the App Store, earning on micro-transactions. During the quarter, players left as much as PLN 44 million. inside this one application. Combined with other mobile productions, Ten Square Games boasts over 200% revenue growth over the same period last year. In total, it gives PLN 95 million of income, as well as 35 million of net profit. It is worth noting, however, that the company's financial results are still 4% lower. analysts' expectations.

Ten Square Games is a company founded by the creators of our class.

Maciej Popowicz

Arkadiusz Pernal and Maciej Popowicz founded TSG in 2011. The company entered the Warsaw Stock Exchange seven years later, with the first valuation of PLN 350 million. Today, the stock market value of Ten Square Games is PLN 3.8 billion. The games in this publisher's portfolio include Fishing Clash (almost 2 million active players), Huntling Clash, Wild Hunt, Let's Fish, Magic Heroes, Golf Rush, SoliTales and Flip This House.

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The creators of our class have a nose for games. This Square Games earns tens of millions by catching virtual fish

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