Recently, Chinese game companies have in turn announced their financial statements for the first half of 2023, including Xindong – TapTap’s parent company.
Recently, Chinese game companies have in turn announced their financial statements for the first half of 2023, including Xindong – TapTap’s parent company.
Last year, Xindong CEO Hoang Nhat Manh mentioned at an investor meeting that he would leverage the existing index to ensure breakeven in 2023. Approved the first half report 2023 looks like they are achieving this within their means, even increasing revenue.
TapTap revenue grew positively. Photo: Xindong.
Specifically, Xindong company reported first half financials of 1.149 billion yuan, up 2.1% over the same period last year. Among them, gaming revenue increased 3.7% year-on-year to 1.08 billion yuan. Paid game revenue decreased 11.2% year-on-year to 64.53 million yuan. TapTap service revenue was 603 million yuan, up 29% year-on-year in 2022.
Currently, Xindong company has 20 free games, 29 paid games are active such as Ragnarok M, Terraria… In the first half of this year, Xindong launched Torchlight: Infinite and Fire Soda games. Torchlight: Infinite became Xindong’s third-biggest grossing game, led by Sausage Party and Ragnarok M. After launching the Chinese server, the game performed quite well, quickly reaching the top of the top grossing game. highest revenue on iOS, exceeding 100 million yuan.
In November this year, Xindong will launch another self-developed game, Linh Lan Chi Kiem, in China. The company currently has four games in development. According to the press release, from the end of this year to next year, the company will launch three more self-developed products. In addition to game products, the TapTap parent company also publishes game activity metrics through the TapTap platform. The financial report shows that as of June 30, 2023, the average monthly active users on the platform is 13.269 million and the average monthly paying users is 1.39 million. TapTap China has a higher average monthly active population than the international version.
Linh Lan Chi Kiem is the company’s outstanding product in the second half of this year. Photo: Xindong.
“In the first half of 2023, we have initially applied AIGC (artificial intelligence production content) technology to our game research and development and have brought certain results. In the future, we plan to continue using this technology to improve the efficiency of content production for users” – CEO Hoang Nhat Manh shared.
