Brief: Ten Square Games Blocks Access to It's Games in Russia and Belarus

Ten Square Games

08/03/2022 06:39

March 8 (Reuters) - Ten Square Games  TENP.WA :
    * SAID ON MONDAY IT HAS DECIDED TO BLOCK ACCESS TO ALL OF
COMPANY'S GAMES FOR USERS IN RUSSIA AND BELARUS DUE TO
GEOPOLITICAL SITUATION IN RUSSIA
    * THE ACCESS BLOCKADE WILL HAVE AN EFFECT ON THE COMPANY'S
REVENUE
    * SALES REVENUE FROM RUSSIA-BASED USERS FOR FISHING CLASH
GAME HAS
AMOUNTED TO 31.5 MILLION ZLOTYS, ABOUT 6.5% OF TOTAL REVENUE FOR
THE GAME
    * SALES REVENUE FROM RUSSIA-BASED USERS FOR HUNTING CLASH
GAME HAS
AMOUNTED TO ABOUT 2.9 MILLION ZLOTYS, ABOUT 2.5% OF TOTAL
REVENUE FOR THE GAME
    * VIEWS REVENUE FROM BELARUS AS INSIGNIFICANT
    * VIEWS REVENUE FROM RUSSIA FOR THE REST OF COMPANY'S GAMES
AS
INSIGNIFICANT
    * CANNOT ASSESS HOW LONG THE COMPANY WILL NOT GENERATE
REVENUE
FROM RUSSIA AND BELARUS, THEREFORE TOTAL IMPACT OF BLOCKADE IS
NOT POSSIBLE TO ESTIMATE
    * UNDERLINES THAT 99% OF FY 2021 SALES REVENUE FROM RUSSIA
AND
BELARUS HAS ALREADY BEEN PAID TO COMPANY

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3z7Gv7a
 Further company coverage:  TENP.WA  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))