Konami Revenues Surge To $1.75 Billion On The Back Of Mobile And eSports

Konami has rarely, if ever, done as well as it is currently doing.

Posted By | On 02nd, Apr. 2019 Under News


konami

For a lot of gamers, Konami may now be a non-factor: once a name synonymous with quality, that fell from glory and gradually faded away into obscurity. But Konami, the company, has rarely ever done as well as it is doing right now. In spite of few new major releases, the publisher has posted a staggering $1.75 billion in revenues, according to its latest financial report.

That is up 7.8% year-on-year, while operating profit is now at $358.9 million, up 2.4% year-on-year. And what can Konami attribute this kind of insane money to? Konami primarily attributes this success to its mobile games, as well as its eSports initiatives, as well as the revenues brought in by the PES games’ MyClub modes. Konami’s digital entertainment division, which is the one that makes games (console, mobile, or otherwise) reported $962.9 million in revenue, while the amusement machines division—the one that makes pachinko machines—made $165.4 million in revenues, which is actually a year-on-year decline of 8.2%.

Put simply, Konami’s multi-faceted approach seems to be working out for them. They may never make a AAA Metal Gear or Castlevania game again, but they’re doing well—and at least we have their Anniversary collections to look forward to, if nothing else.


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