Hong Kong's IGG H1 revenue rises on Doomsday: Last Survivors growth

Igg

13/08/2026 12:26

Overview
Hong Kong mobile games developer's H1 2026 revenue grew 6% yr/yr to HK$2.9 bln
Net income attributable to shareholders fell 4% yr/yr to HK$310 mln
Company declared interim and special dividends totaling HK16.4 cents per share, repurchased shares

Outlook
Company expects Doomsday: Last Survivors to sustain strong momentum in H2 2026
IGG plans to launch new game titles in H2 2026 to unlock growth potential
Company expects APP Business to continue steady performance in the second half

Result Drivers
DOOMSDAY: LAST SURVIVORS - Revenue from this mid-generation game rose 33% yr/yr to HK$700 mln, hitting record monthly and quarterly billings
APP BUSINESS - Revenue from mobile applications rose 7% yr/yr to HK$570 mln, maintaining growth trajectory
COST REDUCTIONS - Cost of revenue fell 8% yr/yr, which helped lift gross profit margin to 85%

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$2.88 bln
 
H1 Net Income Attributable
 
HK$308.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for IGG Inc is HK$4.50, about 32.5% above its August 13 closing price of HK$3.40
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

Reuters Recommended Reads
Aug 12 - Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short
Aug 11 - South Korea's DoubleDown Q2 revenue beats estimates, helped by WHOW Games contribution
Aug 12 - Sweden's G5 Entertainment Q2 revenue falls; cuts jobs

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-13/86c92133-9d37-400f-9a91-814a5aa91e3e.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)