informa
/
1 MIN READ
News

FUN Technologies Q2 Sales Up 68%

Online and casual publisher FUN Technologies, parent group of the Skilljam and Worldwinner sites, has announced its second quarter results, showing sales up 68% to $16.9 million, but quarterly losses of $7.6 million, down from $8.8 million the year prior.
Online and casual publisher FUN Technologies, parent group of the Skilljam and Worldwinner sites, has announced its second quarter results, showing sales up 68% to $16.9 million, but quarterly losses of $7.6 million, down from $8.8 million the year prior. Sales for its games division accounted for $10.4 million of the $16.9 total, up 82 percent over 2006, and up $1.2 million over its first quarter. Fun Technologies subsidiary WorldWinner in April announced the renewal of its agreement with AOL to provide skill-based cash and prizes, and other tournaments on AOL Games and Games.com, which saw WorldWinner develop a customized, co-branded site where AOL players can compete against other players in the WorldWinner network at games like Bejeweled 2. FUN CEO Lorne Abony said, “FUN Technologies had a record quarter, mainly due to consolidation in the Games segment that continued to produce extremely favourable results and the addition of Major League Baseball-related Fantasy Sports operating results. We are extremely pleased to record the Company’s first quarter of free cash flow and with the significant improvement the Company achieved in Adjusted EBITDA."

Latest Jobs

Cryptic Studios

Remote
1.19.23
Senior Producer

Anne Arundel Community College

Arnold, MD, USA
1.30.23
Instructor/Assistant Professor, Game Art

Night School Studio

Los Angeles, CA, USA
1.09.23
Level Designer / Scripter, Games Studio
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more