Huuuge’s adjusted EBITDA, which it defined as its result when adjusting for non-recurring events unrelated to its core activity, saw a percentage increase in the double digits rising by 38.5 per cent year-over-year, this reached 14.4 million from last year’s 10.4 million. The revenue decrease fits a trend highlighted by Sensor Tower, which noted that for the first time in history, year-over-year revenue from mobile games saw a decrease in the first quarter of 2022.
Whilst this was a decrease of 12.2 per cent from 2021’s first quarter – where $95.7 million was made in revenue – Huuuge did end support for certain titles last year prior to the addition of Time Master to its F2P portfolio this quarter. Social casino game developer and publisher Huuuge Games has released its financial results for the first quarter of 2022, reaching revenues of $84 million.
