Earnings release
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Nexters Shows Record High Bookings and Revenue in Q2 and First Half of 2021 - September 22 , 2021 -- Limassol , Cyprus – Nexters Inc. ( NASDAQ : GDEV ) an international game development company which strives to introduce the joy of core gaming experiences to casual players , today announced its unaudited financial and operational results for the first half year and second quarter ended June 30 , 2021 . First Half And Second Quarter 2021 Highlights • • • • • • Record high bookings of $ 268 million for H1 2021 and $ 154 million for Q2 2021 , with 40 % YoY growth in Q2 Record high quarterly revenues in Q2 2021 of $ 110 million , up 73 % YoY Record high monthly paying users of 395 thousand in Q2 2021 , with 43 % YoY growth Record high daily active users of 1.2 million in Q2 2021 , with 35 % YoY growth Record high marketing investment of $ 155 million in H1 2021 into expanding the player base Chibi Island , a new mobile casual game , was officially released on iOS and Android " We are very happy to kick off our life as a public company with such a strong set of financial and operating results ” Nexters Co - founder and CEO Andrey Fadeev said . “ Our fantastic team has made an enormous effort , which led to Nexters becoming as we believe the fastest growing gaming company among public peers . Our record - high bookings and other achievements in the first half of this year inspire us to proceed delivering great games to players around the world . After becoming the public company , we now have all the full set of instruments to execute our growth strategy " First Half 2021 financial and operational performance In the first half of 2021 our revenue increased by $ 74 million ( or 61 % ) year over year and amounted to $ 196 million , driven mainly by an increase in bookings in the amount of $ 60 million . Platform commissions increased by 51 % in the first half 2021 compared with the same period in 2020 , driven primarily by the increase in revenues . Game operation costs and general and administrative expenses ( hereinafter referred to as " Operation and G & A expenses " ) expenses increased by $ 8 million ( or approximately 2 times ) in the first half of 2021 vs. the same period in the prior year to reach $ 16 million . The increase was primarily due to : Preparation of the Company for its listing on the NASDAQ , which resulted in substantial legal and consulting expenses incurred in the first half of 2021 , and