Enad Global 7 Reports Minimal Growth In Q2 2023, MMOs ‘Predictably Stable’
It looks like Enad Global 7’s unprecedented revenue growth is finally flattening out after a two-year run. The Swedish video game holding company’s Q2 2023 financial report shows a mere 4.3% increase in revenue compared to the same period last year which saw a 48.2% increase year-over-year.
According to EG7, Big Blue Bubble’s My Singing Monsters has once again been one of the biggest revenue contributors in the past quarter, although sales continue to decline since it peaked at the end of 2022. Q2 2023 also saw the closure of Rising Storm developer Antimatter Games as part of the company’s ongoing efforts to cut costs and increase profitability. Clearly, the company has yet to see its effects.
As for the company’s MMOs, EG7 reports that they “remain predictably stable” with performance surges following the release of new content updates. The company says that Daybreak ed for 51% of its total gaming revenues which amounted to roughly $17.5 million, a slight decrease from last quarter’s $19 million and Q2 2022’s $18.7 million.
Other key highlights of Q2 2023 include the release of EverQuest’s new Oakwynd progression server, and the Magic Online’s The Tales of Middle Earth deck, “a first-of-its-kind collaboration between The Lord of the Rings and Magic: The Gathering.”
