Fantasma Games has praised a “fantastic start” to the year after posting another set of strong financial results for Q2.
The games studio is aiming for an “equally successful” second half of the year, after a Q2 that witnessed the company acquire Wiener Studios and go live in multiple US states.
With net sales seeing a 396 per cent year-on-year uptick to SEK 7.5m (£610,582) from SEK 1.5m, Fantasma reports that as the quarter came to a close, gaming revenue sat at SEK 6.3m (£513,153), a 314 per cent increase from SEK 1.5m.
These figures have allowed Fantasma to see EBITDA of SEK 1.1m, a significant increase on Q1’s loss of SEK 1m, bringing the studio into profitability for the second quarter while simultaneously taking the first half of the year’s figure to SEK 600,000.
Last year’s acquisition of Wiener Games is also said to have significantly contributed to the Q2 results, with the subsidiary accounting for SEK 2.1m (£171,079) of Q2 turnover.
“What a quarter it has been” stated Fredrik Johansson, CEO of Fantasma Games.
“We have driven growth across all KPIs which is a testament to the popularity and performance of our games in regulated markets around the world.
“This growth has come from continuing to deliver slots that take the experience to the next level, but also through entering new markets and signing exclusivity agreements with power players in our core jurisdictions.
“This is a fantastic start to a year that has great potential, and I and the rest of the team look forward to an equally successful six months ahead.”
It has been a busy quarter for the studio as they delved into the US market with casino operator BetMGM. This deal saw the firm’s slot titles Bounty Showdown and Wins of Nautilus Megaways become available to players in West Virginia, Michigan and Pennsylvania.
Furthermore, Fantasma strengthened its position in the UK, releasing exclusive titles such as Cloud Corsairs across Flutter Entertainment’s tier one platforms which include Paddy Power, Sky Bet and Betfair.