Fantasma Games’ Sales Increased 396% in Q2 2022
Fantasma Games, the popular slots developer, has posted impressive financial results for Q2 2022. The company’s gross gaming revenue increased an incredible 314% year-on-year.
Sales for the group, including the subsidiary studio Weiner Games, were MSEK 7.5, up 396% year-on-year, and gaming revenue for the quarter was MSEK 6.3, up 314%. MSEK 5.4 of turnover came from Fantasma and the remaining MSEK 2.1 from Weiner Games.
One of the primary drivers of growth in Q2 was the increase in total gaming turnover. It rose 120% year-on-year to MSEK 1,439. At the same time, gross gaming revenue shot up 269% to MSEK 84. One of the reasons for a higher gross gaming revenue than gaming turnover was a margin of 5.9%.
As a result, Fantasma Games enjoyed EBITDA of MSEK 1.1 compared to a loss of MSEK 1 in Q1. It means that the studio has been profitable for the three-month period and also for the first half of 2022.
A lot has been happening at Fantasma Games including the return of its founder Fredrik Johansson to the role of CEO. His return was backed by the company’s major shareholders who believe that he is the right person to lead and deliver growth.
Fantasma has also entered the US market thanks to a deal with BetMGM. Its slots Bounty Showdown and Wins of Nautilus Megaways are currently available in West Virginia, Michigan, and Pennsylvania, and more state launches are due in H2 2022.
The developer has also been strengthening its position in markets such as Canada, Italy and the UK, where it has enjoyed exclusive launches with operators such as Flutter Entertainment across its Paddy Power, Sky Bet, PokerStars and Betfair brands.
What a quarter it has been for 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.