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G5 Entertainment

From EverybodyWiki Bios & Wiki

G5 Entertainment
Public
Traded as
ISIN🆔
IndustryVideo games
Founded 📆2001; 23 years ago (2001)
Founder 👔
Headquarters 🏙️, ,
Area served 🗺️
Members
Number of employees
🌐 Websiteg5.com
📇 Address
📞 telephone

G5 Entertainment is a Swedish video game developer that produces mobile games.[1]

History[edit]

G5 Entertainment was established in Moscow in 2001, founded by Aleksandr Tabunov, Sergey Shults and Vlad Suglobov.[2] In 2006, the company went public on the Nasdaq Nordic exchange under the ticker G5EN.[3][4] In 2021, company had grown significantly since it was founded.[5] 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.[6] At the start of the invasion, G5 had 500 employees in Russia and as many in Ukraine.[7]

Games[edit]

G5 is primarily active in the mobile games market.[2] Their games primarily target older women.[8] In 2011, G5 released Virtual City Playground, their first game with freemium monetization.[9]

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.[8][10] However, later that year, analyst Daniel Zetterberg reported that the game's revenue had passed its peak.[11] After Hidden City, which had been licensed from another developer, G5 focused more on their own game development.[12]

References[edit]

  1. Benson, Peter (4 January 2017). "Spekulativt läge i G5 Entertainment | Peter Benson". Svenska Dagbladet (in svenska). ISSN 1101-2412. Retrieved 7 December 2023.
  2. 2.0 2.1 Levander, Margaretha (2021-11-15). "Kodaren från Sovjet". Affärsvärlden. pp. 10–14. Retrieved 2024-03-10. Unknown parameter |url-status= ignored (help)
  3. Babaev, Sergey (11 July 2016). "«Если есть что-то постоянное в игровой индустрии, то это непрерывное изменение условий работы» — Gamedev на DTF". DTF (in русский). Retrieved 2023-12-07.
  4. Hoikkala, Hanna; Wilen, Anton (21 December 2020). "Sweden Gaming Stocks Crowned Lockdown Winners, With More to Come". Bloomberg News.
  5. Mellqvist, Gabriel (2021-12-06). "Aktiespararna kritiska mot anonymt ägande i G5 – "en unik situation"". Dagens Industri (in Swedish). p. 12. Retrieved 2024-03-10. Unknown parameter |url-status= ignored (help)CS1 maint: Unrecognized language (link)
  6. Ekblom, Jonas (22 June 2022). "Swedish Gaming Firm Upended by War Opens New Hubs Across Europe". Bloomberg News. Retrieved 7 December 2023.
  7. Eklund, Henning (2022-06-19). "Vd: Fler medarbetare flyr från Ryssland än Ukraina". Svenska Dagbladet. Retrieved 10 March 2024.
  8. 8.0 8.1 Jon Jordan (31 May 2018). "G5 Entertainment CEO on the focus driving its success in hidden object games and beyond". Pocket Gamer.
  9. Jordan, Jon (2 January 2012). "2011 in review: Vlad Suglobov, CEO, G5 Entertainment". Pocket Gamer. Retrieved 7 December 2023.
  10. "The "King" of its niche". redeye.se. 8 June 2017.
  11. Zetterberg, Daniel (6 November 2018). "Analys: Köpa aktier i G5 Entertainment?". Affärsvärlden (in svenska).
  12. Zetterberg, Daniel (2021-11-14). "G5 spelbar på nytt". Affärsvärlden (in Swedish). pp. 34–35. Retrieved 2024-03-10.CS1 maint: Unrecognized language (link)


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