The Australian developer behind popular online video games Gods Unchained and Guild of Guardians posted a loss of almost $80 million in the 12 months to June 2023, but says it has since recovered as its crypto payment system becomes increasingly popular among other developers.
Immutable does not regularly report its finances, but new filings with the corporate regulator show a $US50 million ($79 million) loss in 2023. The company was valued at $3.5 billion when it last raised money, in 2022.
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Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age. Connect with Amelia on Twitter. Email Amelia at a.mcguire@afr.com.au
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
