News blog


  • BY: Andrew Hore |
  • POSTED: 26/09/2012 |

Social internet games developer Zattikka has effectively only been trading since April so revenues were still being built up in the first half of 2012 and they were more than offset by a overhead base designed for a larger business. 

Zattikka supplies interactive games across a variety of platforms and it was co-founded by former Yahoo! Europe boss Mark Opzoomer, who is its chief executive. The business has been set up to be much bigger than it is at the moment and that is why it lost $3m on revenues of $2.7m. However, much of that loss related to the costs of acquiring and integrating the main businesses. There was $4.7m in the bank at the end of June 2012, although there are also loan notes of $11.4m.

Zattikka raised £9.5m net at 100p a share when it joined Aim on 16 April and most of that cash went on acquisitions. Zattikka has already acquired four businesses. Pro forma revenues for the first half of 2012 are $5.68m and the loss is relatively modest.

The focus is the download and streamed segment of the games market which is currently relatively small but will grow significantly over the coming years. Social media and mobile devices are changing the market. People are playing games more often but for shorter periods of time. Half of US gamers are female.

At the moment, more than 50% of Zattikka’s revenues come from subscriptions to games. The second biggest chunk of revenue comes from work for hire from other games companies and there are also revenues from add-ons to games. Advertising is still a small slice of revenues.

At 112.5p a share, Zattika is valued at £25m.

Download the latest AIM Journal from

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds