Blockchain game developer Immutable says 2024 outlook improved after reporting $50m loss

After a loss of $ 50 million in 2023, the blockchain game developer said that his performance in 2024 has rebounded, revenues exceeding $ 110 million.

Blockchain game Immutable developer, better known for titles like Gods Unchained and Guild of Guardians, would have improved his performance after reporting a loss of $ 50 million for 2023, the Australian Financial Review reportsCiting recent company documents.

The financial results of the immutable for 2023 have shown a big loss, which the company blames on a difficult cryptography market, global regulations and high marketing costs. However, the blockchain game developer is optimistic about his future.

In a comment for the Australian Financial Review, a company spokesperson said that the unchanging has succeeded better now, adding that revenues for the year 2024 have already exceeded $ 110 million, an increase of 50% compared to the previous year.

The overvoltage of income came after the unchanging deployed its own Network 2 Immutable ZKEVM, developed in partnership with Polygon Labs. ImmuTable also invests in the web 3 games sector, launching a fund of $ 100 million to support game developers.

In March 2022, immutable raised 200 million dollars in a series of financing from the C series led by the Singapore State Investment Company, Temasek, putting its evaluation at 2.5 billion dollars. The other investors who participated in funding were Mirae Asset, Parafi Capital, Declaration Partners and Tencent Holdings.

At the end of February 2025, the immutable co-founder Robbie Ferguson common The fact that several game companies valued more than a billion dollars seem open to launching tokens. This occurs while the chain game activity sees a thrust. According to the Dappradar game report published on February 13, Blockchain Gaming reached more than 7 million active daily active portfolios in January 2025, an increase of 386% compared to the previous year.