Huuuge, Inc. announces full year and fourth quarter 2024 financial results

Global free-to-play game developer and publisher Huuuge, Inc. today announced its financial results for the full year and fourth quarter of 2024. The quarter marked a turning point for the company, with the successful rollout of new features and signs of revenue stabilization. Huuuge’s Direct-to-Consumer (DTC) channel continued its strong momentum. The company also took significant steps in its organizational transformation to drive long-term profitability and focus.

2024 financial highlights: 

• Revenue: USD 250.8 million (–11.5% YoY)

• Adjusted EBITDA: USD 87.1 million (margin: 34.7%)

• Net Operating Cash Flow: USD 65 million; cash balance at Year-End: USD 141.8 million,

• Direct-to-Consumer (DTC) Revenue: USD 29.9 million, nearly double YoY and now accounting for ~12% of total revenue for FY 2024.

Q4’2024 financial highlights: 

• Revenue: USD $61.7 million (–13.4% YoY, +5.1% QoQ)

• Adjusted EBITDA: USD $24.8 million (–4.9% YoY, +18.9% QoQ)

• Adjusted EBITDA Margin: 40,2% (+3.6pp YoY, +4.7pp QoQ)

• Net Operating Cash Flow: USD $17.8 million

• Direct-to-Consumer Revenue: USD $9.6 million, 16% of total revenue in Q4

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