Com2us Records over $100m in Earnings for 11th Consecutive Quarter

LOS ANGELES, CA – Com2us has announced its 2018 Q2 results, reporting a QoQ sales increase of 9% and over $100m in earnings for the 11th consecutive quarter.

Com2us 2018 Q2 financial highlights:

Earned sales income of $110.88M, Operating profit of $32.52M
Summoners War and MLB 9 Innings drives QoQ sales increase by 9%
Strong overseas earnings continue to drive growth
Long-term business strategy centered on major content updates for Summoners war and continued investment into offline events
Upcoming blockbuster title, Skylanders Ring of Heroes expected to further increase North American market share for the company

With worldwide revenues of $110.88m, operating profit of $32.52m and net income of $31.4m, Com2us continues to display strength in both domestic and overseas markets. Overseas sales reached $91.7m accounting for 83% of the company’s total revenue.

Com2us’ continued ascent in the highly competitive mobile games space reflects the strength of new and existing titles in its games lineup that have been backed by strong customer support, branded content, and community-building initiatives. Flagship IP Summoners War and sports titles such as the MLB 9 Innings series continues to be the key sales driver and represents the company’s commitment to offering players a premium mobile gaming experience.

Now in its 4th year, Summoners War continues its remarkable run having crossed the 90 million global download mark in March. The company will continue to release major content updates and promotional events for the game while also preparing to hold its second eSports tournament series, The Summoners War World Arena Championship across Asia-Pacific (Aug. 25), the Americas (Sept. 8), and Europe (Sept. 22). These regional tournaments will culminate at the finals in Seoul, South Korea (Oct. 13).

The Summoners War animated series and comic books currently in development with The Walking Dead creator Robert Kirkman and Skybound Entertainment, as well as figures, clothing, and other merchandise with Funko will look to further strengthen the game’s IP in the global market.

Stellar earnings from key titles MLB 9 Innings 18 and Golf Star have also given the company’s Q2 results a significant boost. An all-new mobile iteration of Activision’s Skylanders franchise is slated for release later this year while the much-anticipated Summoners War MMORPG will aim to launch by the end of the year. Social sandbox game Dancevil, casual golf game Birdie Crush, and new turn-based RPG, Heroes War 2, are also scheduled for release in the global market.

For more details on the SWC tournament, visit: https://event.withhive.com/ci/smon/swc_2018/teaser/en

Nathan Stevens

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I have always enjoyed playing video games and am a programming team lead for a video game company. I co-founded Gaming Cypher because I enjoy the gaming community and would like to provide the best news service around. Feel free to ask me any questions and I will make sure to get back to you quickly.