Existing investor Supercell lends Helsinki developer Metacore €150 ($180) million to scale its mobile puzzle game Merge Mansion, currently booking revenue at an annualized rate of over $50 million. Gaming industry investment and M&A hit record levels in 2020 and continues to be strong in 2021. [more]
Kuuhub’s quarterly Revenue was $1.8 million compared to our estimate of $2.1 million. Revenue was primarily generated from sales of the Recolor App that reached the Top 10 in Apple’s Top App Charts in the United States and fourteen other countries. New Match-3 games are scheduled for full commercial release by the end of calendar 2020. [more]
Valve’s Steam hits record number of users; Activision launches battle royale Call of Duty and downloads hit record levels; NVIDIA’s GeForce Now starts to sell out memberships; but eSports events such as E3 and GDC cancelled. [more]
“Tiles and Tales” is Kuuhubb’s flagship second-generation game and a combination of two genres of gaming apps – Match-3 and Visual Novels. [more]
Quarterly Revenue was $1.97 million compared to our estimate of $1.90 million. According to the Kuuhubb, revenue from the Recolor App stabilized during the quarter with a successful new product update in November. We await the commercial launch of the new Apps that should drive revenue in 2020 and beyond. [more]
Video overview of eResearch’s Initiation Report on Kuuhubb. [more]
Kuuhubb’s vision is to become a major player in the mobile games market for female gamers, as it believes this segment is currently underserved. We are Initiating Coverage on Kuuhubb with a Buy rating and one-year price target of C$1.85/share. [more]
Kuuhubb, a Finnish mobile games company with a niche focus in developing or acquiring female-focused apps, recently announced expansion of its mobile games portfolio to include Match-3 and Casual Match-3 Esports platforms. [more]
In June 2019, Overwatch, a videogame made by game developer, Activision Blizzard generated US$1 billion in revenue from in-game purchases. [more]
eResearch is pleased to provide a Research Report on Kuuhubb (TSXV: KUU) by Ralph Garcea from Focus Merchant Group. [more]
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