Analyze app downloads, revenue, rank, monetization & contact information. Zynga has had a relationship with Peak Games since 2017, ... At the same time as it announced the deal, Zynga nudged its full-year revenue guidance up by about 2 per cent to $1.69bn. Peak Games is the name behind popular hyper-casual titles like Toon Blast and Toy Blast— both of which are set to join Zynga’s roster (Words With Friends and Farmville). At about 2.7x trailing sales, the deal represents a discount to Zynga's 5.6x multiple and peer Glu Mobile (3.4x), but we await greater detail on Peak's financials and margins to fully gauge the impact.
Founded in 2010, Turkish mobile games developer Peak Games started developing games targeted to the local market and is now scaling globally. Android Developers Recommended for you. Epic Games investments . The revenue possibilities are substantial in these markets if the development costs are kept low, and products are localized properly. Zynga's agreement to acquire Peak Games for $1.8 billion is a prudent acquisition that will boost annualized revenue by about 50%, based on SensorTower data, and drive meaningful EPS accretion. He added that Peak could add about $300 million to Zynga’s bookings in the second half of the year. As part of a cash-and-share deal announced Monday, Zynga will acquire Peak Games for $1.8 billion in the third quarter of 2020. Revenue from live operations refers to sales made from purchases in games. Get Google Play performance data & insights for Peak Games broken down by app. The game per Peak’s website is one of the most popular games in the US and ranks among the top-5 grossing iOS games there. Epic announced that it had raised $1.25 billion in funding in late October, with the seven investment firms joining the likes of Disney and Tencent as minority shareholders (though Tencent’s stake is 40%, purchased with $330 million in 2013). Epic Games revenue Over the course of 2018, Epic reported profits of $3 billion.
Peak Games's popular 'Spades' earns majority of revenue on Android - Duration: 3:06.
The data by Sensor Tower, a market intelligence firm, suggests that Peak’s monthly revenue in April was $36 million.
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