Nitro Games

Nitro Games

A mobile game developer and publisher focusing on strategy gaming experiences. Learn more

Launch date
Employees
Market cap
€7.0m
Enterprise valuation
€8m (Public information from Sep 2024)
Company register number 2134819-6
Kotka Kymenlaakso (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues1.3m2.9m8.0m9.7m11.4m14.4m15.6m
% growth44 %125 %175 %22 %18 %26 %8 %
EBITDA(2.6m)(2.6m)(2.9m)(1.9m)1.7m2.9m3.3m
% EBITDA margin(199 %)(89 %)(36 %)(19 %)14 %20 %21 %
Profit(3.1m)(3.2m)(3.7m)(3.6m)(<1m)1.0m1.4m
% profit margin(240 %)(110 %)(47 %)(37 %)(3 %)7 %9 %
EV / revenue8.1x12.9x2.2x0.6x0.6x0.5x0.4x
EV / EBITDA-4.1x-14.6x-6.1x-3.2x4.1x2.4x2.1x

Source: Dealroom estimates

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DateInvestorsAmountRound
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N/A

-
N/A

€2.7m

Valuation: €7.5m

9.1x EV/LTM Revenues

-13.1x EV/LTM EBITDA

IPO
N/A

$3.1m

Early VC
*
N/A

€4.6m

Post IPO Equity

€460k

Post IPO Debt
*

$4.5m

Post IPO Equity
*

€2.0m

Post IPO Debt
*
N/A

€1.5m

Post IPO Equity
*
N/A

€6.6m

Post IPO Equity
*

€3.5m

Post IPO Debt
*
N/A

€856k

Secondary
Total Funding€2.8m

Recent News about Nitro Games

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More about Nitro Gamesinfo icon
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Nitro Games is a mobile game development company specializing in creating engaging and cooperative multiplayer experiences. The company operates in the highly competitive mobile gaming market, targeting casual and hardcore gamers alike. Nitro Games' business model revolves around developing and publishing free-to-play games, generating revenue through in-app purchases and advertisements. Their flagship titles, such as 'Lootland' and 'Heroes of Warland,' offer players the opportunity to team up, clear waves of enemies, and upgrade their characters and equipment. The company serves a global audience, leveraging the best aspects of PC gaming and bringing them to the mobile platform. Nitro Games maintains a small, agile team that allows for quick adaptation and innovation in game development.

Keywords: mobile games, co-op multiplayer, free-to-play, in-app purchases, advertisements, casual gamers, hardcore gamers, character customization, global audience, agile development.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.