Core Insights - Sensor Tower released the April 2025 overseas revenue and download rankings for Chinese mobile games, highlighting significant growth in the sector, particularly for miHoYo's "Honkai: Star Rail" which saw a 136% increase in overseas revenue [1][4]. Revenue Rankings - The top five games in the April overseas revenue rankings include: 1. "Whiteout Survival" by 点点互动 2. "PUBG MOBILE" by Tencent 3. "Honkai: Star Rail" by miHoYo 4. "Gossip Harbor: Merge & Story" by 柠檬微趣 5. "Call of Duty Mobile" by Activision Blizzard & Tencent [2]. Notable Game Performances - "Honkai: Star Rail" achieved its highest revenue since its first anniversary, topping the iOS revenue charts in multiple markets including China, Japan, and South Korea [1]. - "Kingshot" by 点点互动 experienced a remarkable 209% revenue increase, reaching $19 million in monthly revenue within just three months of its launch [4]. - "Dark War Survival" and "Last Z: Survival Shooter" by Florere Game saw revenue increases of 24% and 17% respectively, marking historical highs for both titles [4]. Growth Rankings - "Lands of Jail" by 益世界 saw a staggering 342% revenue increase, entering the growth rankings at 7th place, with the highest revenues coming from the US, Germany, and Turkey [6]. - "雀魂" by 悠星网络 experienced a revenue surge of nearly 600% after a collaboration with the "Fate/stay night" franchise, ranking 26th in the revenue chart [5]. Download Rankings - "Block Blast!" by Hungry Studio maintained its position as the top downloaded game, with a 5% increase in downloads [11]. - "Delta Force," the international version of Tencent's "三角洲行动," achieved over 10.6 million downloads within ten days of its release, ranking 3rd in the download chart [13]. - "Kingshot" saw a 90% increase in downloads, entering the download rankings at 9th place [13].

Core Viewpoint - Gravity Co., Ltd. reported its unaudited financial results for Q1 2025, showing mixed performance across its online and mobile game segments, with overall revenue growth year-over-year but some declines quarter-over-quarter in specific areas [1][3][9]. Financial Results Summary Revenues - Online game revenues for Q1 2025 were KRW 18,806 million (US$ 12,755 thousand), a 5.1% decrease QoQ and a 4.1% increase YoY [3]. - Mobile game revenues reached KRW 115,486 million (US$ 78,325 thousand), reflecting a 9.4% increase QoQ and a 17.2% increase YoY [4]. - Other revenues totaled KRW 3,172 million (US$ 2,151 thousand), showing a 26.5% decrease QoQ but a slight 0.2% increase YoY [5]. Cost of Revenue - Cost of revenue was KRW 87,458 million (US$ 59,316 thousand), representing an 8% increase QoQ and an 18.8% increase YoY [6]. Operating Expenses - Operating expenses were KRW 25,276 million (US$ 17,143 thousand), a 22.9% decrease QoQ and a 31.1% increase YoY [7]. Profitability - Profit before income tax expenses was KRW 28,450 million (US$ 19,295 thousand), a 12.1% increase QoQ but a 12.5% decrease YoY [8]. - Net profit attributable to the parent company was KRW 22,038 million (US$ 14,947 thousand), a 4.6% decrease QoQ and an 18% decrease YoY [9]. Liquidity - As of March 31, 2025, the balance of cash and cash equivalents and short-term financial instruments was KRW 577,163 million (US$ 391,446 thousand) [10]. Business Updates Summary Game Launches - Ragnarok M: Classic launched in Southeast Asia on February 14, 2025, and in Taiwan, Hong Kong, and Macau on April 16, 2025 [12]. - Ragnarok Idle Adventure Plus launched globally on February 20, 2025, with further launches planned for Taiwan, Hong Kong, and Macau in Q2 2025 [12]. - Ragnarok X: Next Generation launched in various regions on May 8, 2025, with a European launch planned for Q2 2025 [12]. - Other games such as Ragnarok V: Returns and Ragnarok: Back to Glory were launched in Southeast Asia and Korea in March and April 2025, respectively [12]. Expansion Initiatives - Gravity established a new subsidiary, Gravity Game Unite, in Malaysia on March 12, 2025, to expand game services in the region [17]. - The company opened its first indoor-screen golf facility based on Ragnarok characters in Taipei, Taiwan, on February 27, 2025 [16].

在Sensor Tower上个月发布的3月出海手游收入榜Top30中，又出现了一款新的SLG"黑马"：tap4fun旗下融合了女团养成经营元素的SLG手游《Apex Girl》 （iOS名为《Top Girl》），跻身三月出海手游收入榜Top28，收入增长榜Top19，这也是该游戏首次进入月度收入Top30榜单。 | | 手游及发行商 | | | | --- | --- | --- | --- | | 1 | Whiteout Survival | 16 | Capybara Go! | | | 点点互动 | | 海彼 | | 2 | PUBG MOBILE | 17 | 斤国气候 | | | 腾讯 | | 莉莉丝游戏 | | 3 | Gossip Harbor®: Merge & Story | 18 | 四次 | | | 柠檬微趣 | | 库洛游戏 | | 4 | 使命召唤手游 | 19 | Project Makeover | | | 动视暴雪 & 腾讯 | | Magic Tavern | | 5 | Mobile Legends: Bang Bang | 20 | 绝区零 | | | 沐瞳科技 | ...

5月7日，SensorTower微信公众号发布2025年4月中国手游发行商全球收入排行榜。数据显示，4月，共 有33家中国厂商入围全球手游发行商收入榜TOP100，合计收入20亿美元，占本期全球TOP100手游发行 商收入的38.4%。其中，腾讯、点点互动、网易、米哈游和柠檬微趣占据中国手游发行商收入榜前5 名。具体来看，《王者荣耀》4月全球收入增长71%，重回全球手游收入榜首，带动腾讯手游收入提升 10%。点点互动手游《Kingshot》自2月下旬上线以来收入持续高速增长，4月上涨209%，成为继爆款手 游《Whiteout Survival》之后的全新增长点，推动发行商本期收入提升5%。(上证报) ...

智通财经APP获悉，Sensor Tower商店情报平台显示，2025年4月共33个中国厂商入围全球手游发行商收入榜TOP100，合计吸金20亿美元，占本期全球 TOP100手游发行商收入38.4%。腾讯(00700)、点点互动、网易(09999)、米哈游和柠檬微趣依旧占据中国手游发行商收入榜前5名。 《王者荣耀》4月全球收入大幅增长71%，重回全球手游收入榜首，带动腾讯(00700)手游收入提升10%，稳居中国手游发行商收入榜冠军。该游戏的增长 源于多方面的内容更新，包括S39新赛季的开启、B.Duck小黄鸭和三丽鸥等IP联动，以及"五五开黑节"和多款新皮肤的上线。 点点互动4X策略手游《Kingshot》自2月下旬上线以来收入持续高速增长，4月暴涨209%，成为继爆款手游《Whiteout Survival》之后的全新增长点，推动 发行商本期收入提升5%，蝉联收入榜亚军。 4月米哈游《崩坏：星穹铁道》迎来上市2周年庆典，全新3.2版本"走过安眠地的花丛"和"遐蝶"、"那刻夏"等新角色正式上线，4月9日至11日该游戏连续登 顶全球手游畅销榜，本期收入激增192%，并问鼎海外手游收入榜冠军，带领发行商收入上涨 ...

Core Insights - The article discusses the emergence of a new mobile game called "Chainsaw Juice King," which combines elements of fruit slicing and idle simulation gameplay, aiming to attract players with its unique concept and engaging mechanics [3][5][29] Game Concept and Mechanics - "Chainsaw Juice King" is a blend of idle simulation and action gameplay, where players operate a juice shop on a remote island, initially engaging in manual tasks before transitioning to automated gameplay [6][19] - The game introduces a quirky mechanic where players use a chainsaw to "harvest" fruits that run away, creating a humorous and engaging experience [6][7][24] - The visual style contrasts cute graphics with the violent act of fruit slicing, reminiscent of cult horror films, which helps the game stand out in the market [7][9][29] Development and Collaboration - The game is a collaboration between SayGames from Cyprus and Loadcomplete from South Korea, both of which have experience in idle games [4][10][11] - SayGames has previously achieved significant revenue with its idle simulation game "My Perfect Hotel," while Loadcomplete's "Legend of Slime" has also seen success in the RPG genre [10][11] Market Performance - "Chainsaw Juice King" has shown promising early performance, with daily revenue reaching approximately $45,000 and a daily active user (DAU) count between 150,000 to 250,000 [11][14] - The game experienced a notable increase in user engagement and revenue around early April 2025, coinciding with a peak in marketing efforts on Google Play [16][18] Gameplay Balance and Challenges - The game features a dual progression system where players must balance the action of fruit slicing with the slower-paced simulation elements, which may lead to a disconnect in player experience [18][20][29] - There are concerns regarding the resource allocation between the action and simulation components, with the action gameplay's upgrade speed being slower compared to the simulation aspect [20][26][28] Future Considerations - The article suggests that while "Chainsaw Juice King" has a unique premise, it needs to refine the integration of its gameplay mechanics and improve the balance between action and simulation to enhance player retention and satisfaction [29]

Core Viewpoint - Gravity Co., Ltd. has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, revealing significant declines in revenue and profits compared to the previous year [1][3]. Financial Performance - The consolidated revenue for the fiscal year 2024 is KRW 500,845 million, a decrease of 31.0% from KRW 725,516 million in 2023 [4]. - The operating profit for 2024 is KRW 85,384 million, down 46.8% from KRW 160,367 million in 2023 [4]. - The net profit attributable to the parent company is KRW 84,919 million, reflecting a decline of 35.7% from KRW 132,019 million in 2023 [4]. Company Overview - Gravity is a developer and publisher of online and mobile games, with its principal product being Ragnarok Online, which is popular in various markets including Japan and Taiwan, and is offered in 91 regions [4].

Core Insights - Gravity Co., Ltd. officially launched its mobile game "Ragnarok: Back to Glory" in Korea and Southeast Asia on April 17, 2025 [1][3] - The game features a globally integrated marketplace for users in Taiwan, Hong Kong, Macau, Korea, and Southeast Asia to trade in-game items freely [2] - The game received positive feedback during its closed beta test (CBT) in Korea and attracted over 2 million pre-registrations in Southeast Asia, indicating strong anticipation for its launch [2] Company Overview - Gravity is a developer and publisher of online and mobile games, with its principal product being "Ragnarok Online," which is popular in various markets including Japan and Taiwan [3] - The company currently offers its games commercially in 91 regions [3]

Investment Rating - The report indicates a cautious investment rating for the Russian gaming market, particularly in mobile advertising, reflecting a stable yet competitive landscape [4][6]. Core Insights - The Russian mobile gaming advertising market experienced a "rise and fall" trend in ad volume from January to February 2025, with a recovery noted at the end of February [4][6]. - Casual and puzzle games remain the primary focus for ad spending, with a notable interest in PVP and simulation elements among Russian players [4][11]. - Chinese developers dominate the advertising market in Russia, significantly outpacing other foreign competitors, with Vietnamese firms as key challengers [11][17]. Summary by Sections Overall Advertising Scale and Trends - In January-February 2025, the Russian mobile game advertising market showed a weekly trend of "rise and fall," with a 13.2% increase in ad volume in the second week of January, followed by a decline until a 12.2% increase at the end of February [6][7]. - The number of apps being advertised remained stable, with over 9,000 games consistently in the market, indicating a stable competitive landscape [6][8]. Advertising Volume Trends - The weekly advertising volume fluctuated, with notable increases and decreases, reflecting a dynamic market environment [7]. - The number of apps advertised showed minor fluctuations, maintaining a consistent presence in the market [8]. Category Advertising Volume and Competitive Insights - The distribution of advertising across game categories in Russia aligns closely with global trends, with casual and puzzle games leading in ad volume [11][12]. - The competitive landscape is heavily influenced by Chinese developers, who hold a significant market share, followed by Vietnamese developers [15]. Media Platform Insights - Advertising networks are the primary channel for game developers in Russia, accounting for 97% of the market, with local media platforms like Yandex and Vkontakte being significant players [17][19]. - The main game categories advertised on local platforms include role-playing and strategy games [20]. Creative Material Characteristics - Video ads dominate the advertising format, with vertical videos making up 40.3% of the total, and the most common video length being 16 to 30 seconds [24][25]. - The use of engaging video content aligns with current mobile user preferences, enhancing the effectiveness of advertising campaigns [24]. Developer and Product Insights - The report lists the top developers and their main products in the Russian market, highlighting the competitive nature of the landscape [30][33]. - New entrants in the market are also identified, indicating ongoing competition and innovation within the sector [35].

Core Viewpoint - Siyata Mobile Inc. is focusing on its merger with Core Gaming, which is expected to create new growth opportunities and enhance shareholder value [2] Financial Highlights - For Q4 2024, Siyata reported revenues of $1.5 million, a decrease of 20.3% from $1.9 million in Q4 2023 [5] - The net loss for Q4 2024 was $8.9 million, compared to a net loss of $3.9 million in the same period last year [5] - For the full year 2024, revenues increased by 41% to $11.6 million from $8.2 million in 2023 [5] - The net loss for the full year 2024 was $25.3 million, compared to a net loss of $12.9 million in 2023 [5] Liquidity and Capital Resources - As of December 31, 2024, the company had a cash balance of $0.2 million, down from $0.9 million as of December 31, 2023 [2] Upcoming Events - Siyata will present its growth strategy at the AI & Technology Virtual Investor Conference on April 3, 2025, where Core Gaming's CEO will also present [1][3] Company Overview - Siyata Mobile Inc. specializes in Push-to-Talk over Cellular handsets and accessories, serving various sectors including emergency services and enterprises [4][7] - Core Gaming, the company Siyata is merging with, is an AI-driven mobile games developer with a significant global presence [8]