Ninja Kiwi's margins in good shape post-takeover

The studio's blockbuster Bloons TD 6 has proven incredibly popular and lucrative for the company. (Image: Ninja Kiwi)

Mon, 05 Aug 2024

Video games studio Ninja Kiwi posted a net profit of $40.8 million from revenue of $89.5m for the year ending Dec 31, 2023.According to the NZ Game Developers Association, this compares with a total of $434.4m in revenue earned by all NZ video game studios in 2023.Ninja's profit was up $4m from the prior year, and revenue was up $1.4m.The vast majority of revenue came from digital currencies and in-app virtual goods, totalling $42m, down $4m from 2022.Revenue from the sale of games grew $1.5m to $27m, and from subscriptions a...

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