Fantasma reports ‘best-ever month’ with record Q1 financials

increase financials

Fantasma Games has started the year with its ‘best-ever month’ in terms of gaming revenue after reporting ‘record financials’ in the first quarter of 2022.

With a 279 per cent year on year increase in gaming revenue (SEK4.1m) other financial highlights include a 349 per cent year-on-year increase in net sales increase (SEK4.8m).

Followed by two more strong months, total gaming sales increased 61 per cent (SEK2.8m) with gross gaming revenue up 81 per cent (SEK38m, 2021: SEK 20m) thanks to a 3.6 per cent margin achieved during the three-month period from January to March 2022.

“This has started off great for Fantasma Games achieving net sales of SEK4.8m during the three months,” remarked Fredrik Johansson, Founder of Fantasma Games.

“This is a testament to the hard work and dedication that the Fantasma team puts in day in and day out in order to achieve our goal of creating slots beyond gambling and delivering thrilling, exciting and highly entertaining experiences to players.”

Having lauded the launch of Medallion Megaways in February via Relax Gaming’s Silver Bullet platform as ‘a key factor behind 1Q22 growth’, the game is said to have surpassed ‘all pre-launch expectations’. 

Integrations with operators such as Entain, Gamesys and Veikkaus are also said to have contributed.

Other highlights during Q1 include signing the Livespins streaming platform as well as launching a portfolio for social gaming.

Furthermore, back in September last year, the acquisition of Weiner Games paid dividends during the quarter, with the studio contributing SEK1.9m in net sales.

“It has also been a significant quarter in terms of new operator partnerships, chart-topping game launches and entering new markets,” added Johansson. 

“We have already made a great start to Q2, with a new all-time high with the double Gross Game Revenue in April, and I for one look forward to keeping pushing ahead now that we have tremendous momentum behind us.”

Moving forward, Fantasma looks to continue its record-breaking start to the year following its recent launch in the US market where its games have gone live exclusively with BetMGM in West Virginia and Michigan, with additional state and operator launches set to follow.