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Ten Square Games

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Ten Square Games SA
Company typeSpółka Akcyjna
ISINPLTSQGM00016
IndustryMobile games
Founded21 October 2011; 13 years ago (2011-10-21)
Founder
HeadquartersWroclaw, Poland
Area served
worldwide
Key people
Andrzej Ilczuk, CEO[1]
ProductsSee § Key games
Number of employees
320 (2021)
SubsidiariesGamesture,[2] Rortos[3]
Websitetensquaregames.com

Ten Square Games (WSE: TEN) is a Polish mobile game developer, with headquarters in Wrocław and additional studios in Warsaw, Berlin, Bucharest and Verona.[4][5][6][7] The company focuses on the production of hobby games in a pay-to-win distribution model. Since 2011, it has released more than 200 games, including Let's Fish, Fishing Clash,[8] Wild Hunt and Hunting Clash.[9][10][6]

History

[edit]

The name refers to a 10-square-metre apartment, where the company was started in 2011. It was founded by Maciej Popowicz and Arkadiusz Pernal who had previously launched the nasza-klasa.pl social networking service.[11]

In 2018, Ten Square Games went public and its shares started trading at the Warsaw Stock Exchange.[12] At the initial public offering, the company's capitalization was PLN 335 million.[13] In June 2020 it rose to over PLN 4 billion which means that, given the USD/PLN exchange rate at that time, the company is worth more than US$1 billion.[14]

As of June 2020, the company CEO is Maciej Zużałek, while both Maciej Popowicz and Arkadiusz Pernal have remained TSG team members.[15] The company announced a new strategy which is focused on further organic development of its Wrocław hub, development of new studios in other locations, as well as mergers and acquisitions of other studios or teams, both in Poland and internationally.[16] In March 2022, it was announced Ten Square Games had acquired a 24.8% stake in the Polish studio Gamesture for approximately $3.5 million.[2]

The company currently employs over 320 people.[17] Its games have more than 21 million active players.[18]

In 2020 Ten Square Games saw net revenues of EUR 129 million (US$153 million), which means a growth rate of 140 per cent year-on-year.[19]

In April 2023, Andrzej Ilczuk was appointed as CEO replacing Maciej Zużałek.[20]

Key games

[edit]

The company's first game to gain global prominence was Let's Fish, released in 2012 for desktop and in 2014 for mobile devices. The game allows the players to travel to more than 40 realistic places around the world, such as Rio Negro, Alaska, Fjords or Lake Baikal. They try to catch the biggest fish out of numerous species and compete with other players in various tournaments and world championships.[21]

In 2017 the company released Fishing Clash, which has become its best-selling game. It is a combination of a fishing simulator, as well as outdoor and sports game. It allows players to travel to locations where they catch various species of fish and score points to become a ‘fish game king’.[22] In 2020, the game generated EUR 126 million (US$149 million) of sales.[23] It was ranked among TOP-40 highest-grossing games on Google Play. It is now the top 3–5.[24] In 2021, Ten Square Games acquired the license to publish Fishing Clash in China.[25]

Also in 2017 the company launched Wild Hunt, which is an action shooter game that allows players to travel to realistic hunting locations across all continents and hunt animals that inhibit those territories.

In 2020 the company launched Hunting Clash, which is a realistic hunting simulator. In 2021, the game entered the TOP-250 grossing games on Google Play in the US.[26][27]

In 2020 the company's games bookings structure was based on North America (41.3%), Europe (39.3%), Asia (14.1%), and other markets (5.3%). As much as 96% of its sales was generated by the so-called micropayments (in app purchases) attesting itself as a pay to win.[28]

In 2021, the company entered the mobile flight simulators market by acquiring RORTOS – an Italian mobile flight simulation game developer.[3]

References

[edit]
  1. ^ "Management Board - Ten Square Games SA".
  2. ^ a b "Ten Square Games acquires 24% of Gamesture". GamesIndustry.biz. Retrieved 2022-03-16.
  3. ^ a b "Ten Square Games has acquired RORTOS to enter the mobile flight simulators market". GamingonPhone. 2021-07-05. Retrieved 2021-07-14.
  4. ^ "Ten Square Games otwiera studio w Warszawie | PolskiGamedev.pl". polskigamedev.pl (in Polish). 2020-01-27. Retrieved 2020-07-14.
  5. ^ "Game Developer (Studio level expert) - Warszawa - Ten Square Games S.A." bulldogjob.pl (in Polish). Retrieved 2020-07-14.
  6. ^ a b "Ten Square Games - from an emerging CEE local gamedev leader to a global player". pocketgamer.biz. 2021-01-22. Retrieved 2021-02-09.
  7. ^ "Italian aviation game simulators market leader acquired by Ten Square Games". ictmarketexperts.com/en/. 2021-07-09. Archived from the original on 2021-07-14. Retrieved 2021-07-14.
  8. ^ "Fishing Clash Complete Guide". shadowknightgaming.com. 2022-12-23. Retrieved 2021-09-11.
  9. ^ "Ten Square Games S.A. Revenue & App Download Estimates from Sensor Tower - Apple App Store". sensortower.com. Retrieved 2020-07-14.
  10. ^ Partleton, Kayleigh (2020-07-06). "Ten Square Games experiences its best quarter yet with $43 million". pocketgamer.biz. Retrieved 2020-07-14.
  11. ^ "Raport IPO Ten Square Games: Na Ryby, a potem na giełdę!". SII (in Polish). Retrieved 2020-07-14.
  12. ^ "Successful debut of Ten Square Games on the Warsaw Stock Exchange". www.haitongib.com. Retrieved 2020-06-26.
  13. ^ "TENP.WA - Ten Square Games SA Profile". Reuters. Retrieved 2020-07-14.
  14. ^ "Ahmad Piraiee posted on LinkedIn". www.linkedin.com. Retrieved 2020-06-26.
  15. ^ Kamiński, Krzysztof (2020-04-21). "Ten Square Games zmienia prezesa: Maciej Zużałek na miejsce Macieja Popowicza". Forex Akcje Kursy walut Kryptowaluty - portal finansowy Comparic.pl (in Polish). Retrieved 2020-07-14.
  16. ^ "M. Zużałek ma zastąpić M. Popowicza na stanowisku prezesa Ten Square Games". www.money.pl (in Polish). 2020-04-21. Retrieved 2020-06-26.
  17. ^ "Ten Square Games podsumowuje 2020 r.: Zysk netto w górę o 100%". Forex Akcje Kursy walut Kryptowaluty - portal finansowy Comparic.pl (in Polish). 2021-03-23. Retrieved 2021-03-29.
  18. ^ "About Us". Ten Square Games (in Polish). Retrieved 2020-06-26.
  19. ^ Partleton, Kayleigh. "Ten Square Games saw $153 million in revenue last year". pocketgamer.biz. Retrieved 2021-03-29.
  20. ^ "Ten Square Games lines up Andrzej Ilczuk as new CEO". nasdaq.
  21. ^ Let's Fish! Hooked On Review - IGN, retrieved 2020-07-14
  22. ^ "Fishing Clash - fishing in a truly world sport style". Retrieved 2020-06-26.
  23. ^ "2019 Ten Square Games financial results". Ten Square Games (in Polish). Retrieved 2020-06-26.
  24. ^ "TEN SQUARE GAMES - MANAGEMENT BOARD REPORT ON ACTIVITIES" (PDF).
  25. ^ "Fishing Clash to launch in China after Ten Square Games acquires a publishing license". GamingonPhone. 2021-07-05. Retrieved 2021-07-14.
  26. ^ "Ten Square Games podsumowuje 2020 r.: Zysk netto w górę o 100%". Forex Akcje Kursy walut Kryptowaluty - portal finansowy Comparic.pl (in Polish). 2021-03-23. Archived from the original on 2021-03-23. Retrieved 2021-03-29.
  27. ^ "TEN SQUARE GAMES - MANAGEMENT BOARD REPORT ON ACTIVITIES" (PDF).
  28. ^ "CONSOLIDATED FINANCIAL STATEMENT - TEN SQUARE GAMES S.A. GROUP" (PDF).
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