Mobile Company GungHo Has Made $1.22 Billion In 2014 So Far

The mobile publisher is making $4.5 million a day thanks to Puzzle & Dragons.

The Japanese game publisher GungHo has released their latest financial figures and they’re, looking very positive.

Recommended Videos

In the first nine months of the year, the mobile company generated $1.22 billion dollars in revenue, 14.3% more than in the first nine months of 2013. That means that GungHo is making $4.5 million every day. This rise in revenue has resulted in an operating profit of $680 million, up 7.2% from last year’s results. For the company to achieve a profit margin of over 50% is simply incredible. It doesn’t look like GungHo’s success is going to end any time soon, as the publisher expects to earn a further $120 million from sales in October 2014. 

GungHo’s success can largely be attributed to their hit mobile game, Puzzle & Dragons. Released in Japan on iOS in February 2012, this puzzle game quickly grew to become the country’s top-selling mobile app. It is now also available on Android and has been downloaded over 30 million times in Japan alone. As with most hit games, Puzzle & Dragons is free to play. It makes its money from selling in-game currency. GungHo published a sequel called Puzzle & Dragons Z on the 3DS last year, and back in July they released a major update for the mobile game called Puzzle & Dragons W. In 2013, the game accounted for 91% of GungHo’s revenue, and the figure for this year is likely to be similar.

In terms of their future plans, GungHo wants to rapidly expand into foreign markets. The company is opening a new branch in Singapore that will enable them to reach more players in East Asia. In terms of the US, GungHo recently acquired a 70% share of the social gaming network PlayPhone. They have also agreed to publish the next title from indie developer 17-bit, Galak-Z: The Dimensional.  

Gamers who havn’t heard of Puzzle & Dragons may know GungHo as the firm that acquired Suda 51’s studio Grasshopper Manufacturer. GungHo will be publishing the developer’s PlayStation 4 exclusive Let it Die, which is due out next year.


GameSkinny is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more
related content
Read Article Overwatch 2 Introduces Its First Free Hero in Season 10
Venture holding her drill and Baptise, Zarya, Pharah, and Lifeweaver standing behind her
Read Article Horror Becomes Educational by Teaching Morse Code in SOS: Forgotten Planet
A monster behind a door marked M
Read Article Pocketpair Announced the 10 Most Popular Pals in Palworld
Player looks up to Quivern in Palworld
Read Article Elder Scrolls 6 Gets an Update on the Series’ 30th Anniversary
Eleder Scrolls wizard casting green magic
Read Article This Witchy RPG Is Like Howl’s Moving Castle Brought to Life
A young witch looks to a home built on chicken legs in Reka
Related Content
Read Article Overwatch 2 Introduces Its First Free Hero in Season 10
Venture holding her drill and Baptise, Zarya, Pharah, and Lifeweaver standing behind her
Read Article Horror Becomes Educational by Teaching Morse Code in SOS: Forgotten Planet
A monster behind a door marked M
Read Article Pocketpair Announced the 10 Most Popular Pals in Palworld
Player looks up to Quivern in Palworld
Read Article Elder Scrolls 6 Gets an Update on the Series’ 30th Anniversary
Eleder Scrolls wizard casting green magic
Read Article This Witchy RPG Is Like Howl’s Moving Castle Brought to Life
A young witch looks to a home built on chicken legs in Reka
Author
Adam Koziol
Based in the UK Adam spends most of his time honing his Monster Hunter skills and conquering the world in Total War. In the not so virtual world you'll probably find him travelling or enjoying live music. Follow him on twitter @AdamKoziol3