Germany's Goodgame Studios lifts lid on revenue, stays mum on possible IPO

Markets Associated Press

German online games company Goodgame Studios has for the first time revealed financial details of its business, amid speculation that it is planning a stock market flotation.

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The company said Tuesday it had revenues of 98 million euros ($125.88 million) in the first half of 2014, almost matching the 102 million it secured in the whole of 2013. Pretax earnings reached 20.1 million euros in the first half of 2014, compared with 13.3 million for all of 2013.

Reports have suggested the Hamburg-based company — which has 220 million registered players for multi-platform titles such as Shadow Kings, Empire and Big Farm — could be the latest German tech company to seek an IPO.

Co-founder Kai Wawrzinek declined to confirm this but said Goodgame is considering "all the options."