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Jagex Sees Revenue Growth, Investment Delay and More in its 2020 Annual Report

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Last week, Jagex Limited released Annual financial and investment report for 2020. The 40-page report details the current strategy Jagex intends to use, the successes of both RuneScape and Oldschool RuneScape, and some of the hardships the company has experienced, including the pandemic and the May 2020 sale of Jagex to Platinum Fortune for $530 million.

Jagex’s annual report for 2020 has just been released, along with a look at the strategies, successes and failures that Jagex encountered throughout 2020. Jagex has seen remarkable growth tell, with RuneScape saw an 18% increase in revenue and Old School RuneScape marked a 6% increase, even though 76% of total revenue generated was from subscription products. As part of the strategy report, Jagex details the sale of Jagex to Platinum Fortune, part of the Macarthur Fortune Holding The Group in May had a material impact on its business.

“[The Sale] as well as preparations for further sales, placed significant non-operational demands on Jagex’s management team. Although we sought to minimize the impact of these activities, they had a material impact on the business. The transaction resulted in disruptions and delays in signing third-party games, and some non-essential investments are deferred to 2021.”

-Jagex Limited, Annual Report

Jagex is sell again in 2021 for the Carlyle team. Jagex partners signed the first publishing deal with Flying Wild Hog in 2020. Flying Wild Hog is a development studio working on a “new and promising title” as Jagex begins work on publishing more third-party projects. Jagex published the indie title Games by Malcs, Melvor Idle released back in November 2021 on Steam.

The 2020 report notes that some of the increased popularity is due to their release RuneScape on Steam, but this report notes that mobile release of RuneScape will launch in 2021. However, Jagex has seen subscriber growth, which hit an all-time high, which is sure to be broken in the 2021 report when mobile players are counted. arrive.

“Despite disruptions from the Covid-19 pandemic, 2020 was (a) special year for Jagex, with us achieving an all-time high of subscribers, achieving significant growth in terms of volume. financial performance, an increase in workforce strength and a larger step change of investment in new products and technologies. ”

-Jagex Limited, Annual Report

Jagex continued game update throughout 2021, although the team had a few touch-and-go moments due to a large amount login/lock problem persists for several weeks. The 2020 Annual Report really paints a positive picture as Jagex begins to enter 2021, and now that 2022 has just begun, we wonder what will be available to all those RuneScapers beyond there.

[report originally found via Reddit]

https://www.mmorpg.com/news/jagex-sees-revenue-growth-investment-delays-and-more-in-2020-annual-report-2000124049 Jagex Sees Revenue Growth, Investment Delay and More in its 2020 Annual Report

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