Record EBITDA and net profit for Huuuge in 2023 Another share buyback program worth up to USD 70 million announced

Global free-to-play game developer and publisher Huuuge, Inc., has released its financial results for the 4 th quarter and full-year 2023.

• Last year Huuuge earned an adjusted EBITDA of USD 108.2 million, up 31.5% year-on-year. The adjusted net result was USD 87.3 million, growing 35.1% y/y. The achievement of excellent operating results was an effect of the decision to focus on margins, and a number of organizational changes, including reductions in headcount and the cost base.

• In 2023 Huuuge generated revenue of USD 283.4 million, 11.0% lower than in 2022, primarily due to the decision to cease active development of the Traffic Puzzle game.

• The main indicators for monetization of Huuuge’s flagship games, i.e. average revenue per daily active user (ARPDAU) and average revenue per paying user (ARPPU), rose in 2023 by 8% and 13% respectively y/y, ranking them among the top-earning games in the social casino segment.

• The growing direct-to-consumer channel accounted for about 8% of revenue in the 4 th quarter. Revenue from this source reached USD 16.6 million in FY 2023, three times greater than in 2022. Huuuge anticipates that in 2024 the direct-to-consumer share of sales will hit double digits.

• In 2023 the company conducted a share buyback program worth USD 150 million. Huuuge has also decided to conduct another buyback of USD 70 million, starting 19 March 2024. The company plans to purchase at 9.8042 USD per share (38.50 PLN) up to 7,139,797 million shares (up to 10.64% of the share capital of the Company).