Game Bits: Harry Potter Game Makes A Lot of Money, MTG Revenue Loss In Quarter 1 2021

Harry Potter Mystery Has Made $300 Million

Three years after its launch, Jam City’s Harry Potter: Hogwarts Mystery has reached $300 million in player spending.
According to Sensor Tower’s latest report, the title made $12 million in its first week after launching in April 2018. It was also downloaded 13 million times across iOS and Android devices during its first week.
It reached $100 million in nine months, then hit $200 million in May of last year.
Players spent 28% more on Hogwarts Mystery last year, due to COVID-19 restrictions. From April 26, 2020, to April 25, 2021, the title made $105 million.

MTG Had Significant Loss in First Quarter 2021

In the first quarter of 2021, MTV had revenue growth, but it still had a great loss.
in the first quarter, MTG’s sales were up by 9 percent to mak3 $123 million, with a revenue loss of $14.8 million. It was a modest improvement of the first quarter of 2020 when they had a shortfall of about 16 million US dollars.
MTG”s gaming business saw revenue of up to 23 percent to about $92 million.
They can credit any gaming growth on InnoCames and the addition of the gaming company Hutch, an MTG acquisition in December 2021.
As a result of the pandemic and low visibility, we do not expect live events to return in significant numbers before the end of the year, according to MTG president and CEO Maria Redin.
It will remain focused on mergers and acquisitions, and it is creating a hybrid model for online gaming events that it expects will lead to better revenue and faster growth.

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