Lauding a “groundbreaking” start to the year, Kalamba Games has published a new quarterly record for gross gaming revenues in Q1 2024.
The game developer’s Q1 2024 financial report highlighted the GGR growth as being 50 per cent higher than its previous quarterly record set in Q4 2024, marking consecutive record-breaking quarters.
“We are incredibly proud of what we’ve accomplished this quarter and could not ask for a better start to the year,” said John Cutler, Managing Director, Commercial at Kalamba Games.
“Achieving what we have in an increasingly challenging and competitive industry is by no means an easy feat, and we’re really excited and optimistic to see what the rest of the year now brings.”
While the firm withheld the exact figures from its Q1 financial report, it did reveal a 79 per cent year-over-year increase in bets, as well as a 62 per cent YoY uplift in players and 51 per cent YoY uplift in game rounds.
The company attributed the record-figures to an “increasing reach of new titles” as well as “expansion into new markets, strategic partnerships” and the success of its network promotion tool Kash Drops.
Cutler added: “Our focus for the rest of the year is to maintain the momentum and continue delivering exceptional gaming experiences. It’s clear that we’re becoming more than a video slots studio, particularly as we move into making both exclusive content and distributing other developers’ titles via the BullsEye, our Remote Gaming Server.”