Gaming Company Playrix Makes Record Profits During Lockdown

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Gaming is one among the few sectors that could reap the maximum benefit from the recent Coronavirus lockdowns. Data from Sensor Tower, an analytic firm revealed that the global mobile game downloads went up by a whopping 39 per cent in the month of February alone. China accounted for the highest share in this increase.

Playrix, a gaming company's revenue jumped up by 40 per cent to $46 crores (roughly Rs. 3,475 crores) in the last two-month period and stood at nearly $100 crores (roughly Rs. 7,556 crores) for the first five months of the year.

Gaming Company Playrix Makes Record Profits During Lockdown
Gaming Company Playrix Makes Record Profits During Lockdown

Cofounder Igor Bukhman said that the company has reported more than 16.5 crores downloads between mid-March and May. This is almost double the number compared to the last two months preceding the Coronavirus lockdown.

Playrix was founded in 2004 by Igor Bukhman and his younger brother Dmitry in the Russian city of Vologda. The company's most popular game is the "Gardenscapes", which is a simulation game that challenges players to finish various tasks.

The company had purchased more than 12 gaming studios in recent years and is looking forward to acquire more gaming studios in the future as well.

Gaming Company Playrix Makes Record Profits During Lockdown
Gaming Company Playrix Makes Record Profits During Lockdown