G5 Entertainment Group
TypePublic company
Nasdaq Nordic: G5EN
OTCQX: GENTF
ISINSE 0001824004
IndustryMobile games
Founded2001 (2001)
Headquarters
Stockholm
,
Sweden
Key people
Vlad Suglobov[1][2]
(CEO and co-founder)
Stefan Wikstrand[3]
(CFO)
Alexander Tabunov[4]
(COO and co-founder)
Petter Nylander
(Chairman of the Board)
RevenueSEK 1,316 million[5] (2021)
Number of employees
961[6] (2022)
Websitewww.g5e.com

G5 Entertainment, also known as G5 Games, is a developer and publisher of free-to-play adventure and puzzle games.[7][8] They are headquartered in Stockholm, Sweden.[8] The company has been trading publicly in Stockholm since 2006 and New York since 2019.[9][10]

History

The company began in Moscow in 2001, initially established as a game development company.[11]

In October 2006, G5 Entertainment AB began trading on the Nordic MTF exchange in Stockholm, using the trading symbol G5EN.[12][8][9]

In 2006, the group started developing PC games and then went on to release mobile games such as Supermarket Mania[13] and Virtual City.[13] The games were later launched on the Apple App Store.[1] Developed by the company, Mahjong Artifacts, was eventually adapted into a free game called Mahjong Journey.[14]

In 2011, G5 released its first free mobile game, Virtual City Playground.[13] And in 2013, after the release of Virtual City Playground, the group decided to focus only on free games.[13]

In 2022, due to having a workforce based in Russia and Ukraine, G5 was particularly affected by the Russian invasion of Ukraine, and the company opened new offices across Europe.[8]

Games

G5 is primarily active in the mobile games market.[15]

In 2011, G5 launched its first free-to-play mobile game, Virtual City Playground.[16]

As of 2018, their title Hidden City was responsible for most of their revenue, and represented a majority of the market share for hidden object games.[15][17]

Games published by G5 Entertainment include: Hidden City:[1][18] Hidden Object & Mystery Games, Sherlock: Hidden Match-3 Cases,[19] Jewels of Rome,[20][19] Jewels of the Wild West,[21] Mahjong Journey[21] and The Secret Society.[1][18]

IPO and trading history

In October 2006, G5 Entertainment AB listed its shares on the Nordic MTF in Stockholm under the trading symbol G5EN.[22]

In 2008, trading in G5 shares was moved from NGM Nordic MTF to Aktietorget (now renamed Spotlight Stock Market) in Stockholm. In 2013, the company listed the company's shares on the Nasdaq Stockholm Main Market. G5 Entertainment shares have been listed on Nasdaq Stockholm's Main Market under the symbol G5EN.ST since 2014.[23][24] In August 2019, the company started trading on OTCQX Market in New York under the symbol GENTF.[25]

References

  1. 1 2 3 4 Levander, Margaretha (12 November 2021). "Kodaren från Sovjet". Affärsvärlden (in Swedish). Retrieved 21 April 2023.
  2. ↑ Lundberg, Madeleine (16 February 2018). "G5:s vd: "Vi måste vara aggressiva"". Affärsvärlden (in Swedish). Retrieved 21 April 2023.
  3. ↑ "Stefan Wikstrand, G5 Entertainment AB: Profile and Biography". Bloomberg News. Retrieved 22 April 2023.
  4. ↑ "Alexander Tabunov G5 Entertainment AB: Profile and Biography". Bloomberg News. Retrieved 22 April 2023.
  5. ↑ Zetterberg, Daniel (22 November 2021). "Bra fart i mobilspelbolaget G5". Svenska Dagbladet (in Swedish). Retrieved 21 April 2023.
  6. ↑ "Interim Report Q1 2023" (PDF). Retrieved 10 May 2023.
  7. ↑ Benson, Peter (4 January 2017). "Spekulativt läge i G5 Entertainment | Peter Benson". Svenska Dagbladet (in Swedish). ISSN 1101-2412. Retrieved 7 December 2023.
  8. 1 2 3 4 "Swedish Gaming Firm Upended by War Opens New Hubs Across Europe". Bloomberg.com. 22 June 2022. Retrieved 7 December 2023.
  9. 1 2 "Sweden Gaming Stocks Crowned Lockdown Winners, With More to Come". Bloomberg.com. 21 December 2020. Retrieved 7 December 2023.
  10. ↑ "G5 Entertainment AB". Reuters.
  11. ↑ "G5 Entertainment Profile - Redeye". www.redeye.se. Retrieved 7 December 2023.
  12. ↑ Babaev, Sergey (11 July 2016). "«Если есть что-то постоянное в игровой индустрии, то это непрерывное изменение условий работы» — Gamedev на DTF". DTF. Retrieved 7 December 2023.
  13. 1 2 3 4 Babaev, Sergey (11 July 2016). "«Если есть что-то постоянное в игровой индустрии, то это непрерывное изменение условий работы»". The Daily Telefrag (in Russian). Retrieved 21 April 2023.
  14. ↑ "G5 Entertainment AB (publ)". Yahoo! Finance. Retrieved 22 April 2023.
  15. 1 2 Jon Jordan (31 May 2018). "G5 Entertainment CEO on the focus driving its success in hidden object games and beyond".
  16. ↑ Jordan, Jon (2 January 2012). "2011 in review: Vlad Suglobov, CEO, G5 Entertainment". pocketgamer.biz. Retrieved 7 December 2023.
  17. ↑ "The "King" of its niche". redeye.se. 8 June 2017.
  18. 1 2 Zetterberg, Daniel (6 November 2018). "Analys: Köpa aktier i G5 Entertainment? | Daniel Zetterberg". Affärsvärlden (in Swedish). Retrieved 20 December 2023.
  19. 1 2 Ekblom, Jonas (22 June 2022). "Swedish Gaming Firm Upended by War Opens New Hubs in Europe". Bloomberg News. Retrieved 21 April 2023.
  20. ↑ Zetterberg, Daniel (30 July 2019). "G5 Entertainment: Ett spelbart bottenfiske?". Svenska Dagbladet (in Swedish). Retrieved 21 April 2023.
  21. 1 2 "G5 Entertainment Group: Interim Report January – June 2021". Business Wire. 11 August 2021. Retrieved 21 April 2023.
  22. ↑ Babaev, Sergey (11 July 2016). "«Если есть что-то постоянное в игровой индустрии, то это непрерывное изменение условий работы» — Gamedev на DTF". DTF. Retrieved 20 December 2023.
  23. ↑ "G5 Entertainment Releases Jewels of Egypt: Match Game". Bloomberg News. 5 June 2020. Retrieved 21 April 2023. ...G5 Entertainment Group is publicly listed on Nasdaq Stockholm's main market mid cap segment under trade symbol G5EN.ST
  24. ↑ "G5 Entertainment AB (G5EN.ST) Preliminary revenue April – June 2017". Bloomberg News. 4 July 2017. Retrieved 22 April 2023.
  25. ↑ "GENTF - G5 Entertainment AB | Overview | OTC Markets". OTC Markets Group. Archived from the original on 31 October 2020. Retrieved 22 April 2023.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.