Kingnet
Financials
Estimates*
CNY | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 2.0b | 1.5b | 2.4b | 3.7b | 4.3b |
% growth | - | (24 %) | 54 % | 57 % | 15 % |
EBITDA | 210m | 232m | 919m | 1.4b | 1.8b |
% EBITDA margin | 10 % | 15 % | 39 % | 38 % | 42 % |
Profit | (1.9b) | 178m | 577m | 1.0b | 1.5b |
% profit margin | (93 %) | 12 % | 24 % | 28 % | 34 % |
R&D budget | 373m | 313m | 339m | 511m | 527m |
R&D % of revenue | 18 % | 20 % | 14 % | 14 % | 12 % |
Date | Investors | Amount | Round |
---|---|---|---|
$2.0m | Series A | ||
$15.0m | Series B | ||
N/A | N/A | Series B | |
Total Funding | €15.5m |
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EditKingnet is a leading developer and publisher of mobile and web games, catering to a global audience. The company operates in the highly competitive gaming market, focusing on creating immersive and engaging experiences for users. Kingnet's business model revolves around the development and distribution of free-to-play games, which generate revenue through in-game purchases and advertising. The company serves a diverse client base, including casual gamers and dedicated gaming enthusiasts. By leveraging advanced technologies and creative game design, Kingnet aims to capture a significant share of the gaming market and drive user engagement. The company also invests in research and development to stay ahead of industry trends and continuously improve its offerings.
Keywords: mobile games, web games, user engagement, immersive experiences, free-to-play, in-game purchases, advertising, casual gamers, gaming enthusiasts, advanced technologies.