Welcome!

Cognitive Computing Authors: Shelly Palmer, Elizabeth White, Yeshim Deniz, William Schmarzo, Liz McMillan

News Feed Item

Kabam Reports Explosive Growth in 2012

Kabam, the leader in free-to-play games for core players, today announced 2012 gross revenue of more than $180 million, an increase of 70 percent over 2011. The privately held company did not disclose earnings but said the company was profitable in 2012.

“Kabam blew past its plan in 2012,” said Co-Founder and CEO Kevin Chou. “At this time last year we forecast 2012 revenue to grow by 30 to 40 percent. Because of our team’s focus on strategic growth across diverse game genres and platforms, including mobile and the Web, we exceeded our own expectations and entered 2013 with an annualized run rate in excess of $200 million.

“Kabam’s fastest growth is the mobile sector as Kabam games are popular on both iOS and Android devices,” Chou added. “We have built what is now well more than a $100 million-plus annualized mobile business in less than one year with a slate of exciting new games across multiple genres.

“Free-to-play games are clearly in the middle of disrupting the videogame industry,” Chou said, referring to how players worldwide can access their entertainment via online channels for free compared with the need to purchase a $400 console and individual games for up to $60 each. “And now Kabam is leveraging its franchise IP and technology to become the leader in free-to-play games on mobile devices in the western world,” Chou said.

Kabam is a Series D company with its most recent round of $75 million in May 2011. At the time, Kabam was valued at more than $500 million. Investors include Google Ventures, Intel Capital, Redpoint Ventures and Canaan Partners. Last year Warner Bros. Entertainment Inc. (Warner Bros) and Metro-Goldwyn-Mayer Studios Inc. (MGM) became investors as well, partnering for an investment in Kabam in a purchase of shares from an earlier investor.

“Kabam achieved an enviable list of key financial milestones in 2012,” said Chief Financial Officer Steven Klei. “Complementing our growth was an equally impressive improvement in margins, resulting in a profitable 2012. And because Kabam’s financial model and unit economics are so strong, we expect both continued rapid growth and margin expansion again in 2013.

“Kabam is well positioned to continue its significant investments in growth as we enter 2013 with more than $45 million of cash,” Klei added.

Selected Operating Highlights and Metrics:

  • Kabam’s average revenue per daily active user (ARPDAU) is eight- to nine-times higher than the industry’s largest company.
  • Kabam’s Kingdoms of Camelot: Battle for the North placed first on Apple’s Highest Grossing Apps list for 2012.
  • Kabam became one of the rare companies to have three games simultaneously ranked on the Top 25 Grossing Apps lists for both iOS and Android at the end of 2012.
  • Kabam demonstrated the ability to capitalize on acquired intellectual property (IP) in addition to its internally-developed IP. Kabam and Warner Bros. Interactive Entertainment partnered to co-publish The Hobbit: Kingdoms of Middle-earth for mobile devices, inspired by Peter Jackson’s The Hobbit Trilogy, a production of New Line Cinema and Metro-Goldwyn-Mayer Pictures (MGM). The game became the fastest growing title in Kabam history, becoming one of the top 10 grossing apps in 50 countries in two months.
  • A record seven Kabam games grossed more than $1 million per month in 2012.
  • Kabam demonstrated the ability to grow long-lived franchises as Kingdoms of Camelot became one of the top ten strategy games of all time, grossing more than $100 million since it was launched in September 2009.
  • Kabam diversified its revenue base with significant revenue in each of the key gaming platforms of iOS, Android, the Web and Facebook, compared with year-end 2011 when Kabam’s revenue was essentially 100 percent Facebook dependent.
  • Kabam made several small studio acquisitions in 2012 to expand development capabilities, increase access to key local talent and extend its geographic footprint. The company now has studios or corporate operation centers strategically spread across North America, Europe and Asia. The most recent acquisition is Exploding Barrel Games in Vancouver, British Columbia, Canada.
  • Kabam grew its worldwide headcount to more than 500 in 2012.

Kabam’s gross revenue is a non-GAAP number and is equivalent to bookings in the video game industry.

To learn more about Kabam, join the team, or play Kabam games for free online, visit www.kabam.com.

About Kabam

Kabam, the leader in free to play core gaming, is transforming the traditional gaming industry. The company’s studios focus on combining the best elements of traditional and social gaming to appeal to a growing audience of gamers looking for highly immersive social games on PC, mobile, and tablet platforms. Recent Kabam titles include The Hobbit: Kingdoms of Middle-earth, The Godfather: Five Families, Dragons of Atlantis, Edgeworld, the award-winning Kingdoms of Camelot, and the company’s first mobile game Kingdoms of Camelot: Battle for the North. Kabam has seven titles that gross more than $1 million per month and had three of the Top 25 grossing games on iOS and Android by the end of 2012. Kabam games are currently available for play on iOS, Android, Facebook, Yahoo, Google, Kabam.com and an ever growing number of global social networks and online channels, as well as mobile and tablet. Founded in 2006 with headquarters in San Francisco, Calif., Kabam has built a team of game industry professionals, from scratch in the last three years, committed to creating deeply engaging games that delight our players. More information about Kabam can be found at www.kabam.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs ofte...
SYS-CON Events announced today that Tappest will exhibit MooseFS at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
SYS-CON Events announced today that EARP will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
SYS-CON Events announced today that Interoute has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Interoute is the owner operator of Europe's largest network and a global cloud services platform, which encompasses over 70,000 km of lit fiber, 15 data centers, 17 virtual data centers and 33 colocation centers, with connections to 195 additional partner data centers. Our full-service Unifie...
SYS-CON Events announced today that Carbonite will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
SYS-CON Events announced today that Outscale will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outscale's technology makes an automated and adaptable Cloud available to businesses, supporting them in the most complex IT projects while controlling their operational aspects. You boost your IT infrastructure's reactivity, with request responses that only take a few seconds.
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
SYS-CON Events announced today that A&I Solutions has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 1999, A&I Solutions is a leading information technology (IT) software and services provider focusing on best-in-class enterprise solutions. By partnering with industry leaders in technology, A&I assures customers high performance levels across all IT environments including: mai...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
SYS-CON Events announced today that Systena America will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Systena Group has been in business for various software development and verification in Japan, US, ASEAN, and China by utilizing the knowledge we gained from all types of device development for various industries including smartphones (Android/iOS), wireless communication, security technology and IoT serv...
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...