QualiArts, the game developer under CyberAgent, has officially announced explosive profit growth, with profits skyrocketing by an astonishing 6214%, from just 50 million yen last year to 3,107 million yen this fiscal year. This unprecedented financial leap highlights the tremendous success of their latest mobile game, Gakuen Idolmaster.
According to ITMedia, the financial details were released for the year spanning October 1, 2023, to September 30, 2024, showing not only profits but also significant growth in net assets, which rose by 249% to reach 7,635 million yen.
Gakuen Idolmaster, which debuted on May 16, 2024, rapidly gained traction among mobile gamers, combining the allure of idol-raising with deck-building gameplay reminiscent of the popular title Slay the Spire. This game, developed jointly with Bandai Namco Entertainment, has already seen over 2 million downloads just half a year post-release, solidifying its stance as one of the standout mobile games of the year.
Notably, Gakuen Idolmaster claimed the title of Best Game at the Google Play Best of 2024 awards, underscoring the game's positive reception and user engagement. After its launch, the title ascended to the top of the revenue growth rankings for mobile games in Japan, capturing 41% of Bandai Namco's mobile gaming revenue share within just one month.
QualiArts, established only seven years ago, has made remarkable strides, positioning itself alongside major competitors. The results from their eighth fiscal period, reported in the official government gazette as of December 16, reflect the potential for even more growth as the mobile gaming industry continues to expand.
Industry experts speculate the success of Gakuen Idolmaster can be credited not only to its engaging gameplay but also to the effective marketing strategies implemented by both QualiArts and Bandai Namco Entertainment. By leveraging their respective strengths, the companies have created a game that's not only entertaining but also highly marketable.
With its current momentum, Gakuen Idolmaster is expected to perform exceptionally well during the upcoming holiday season, potentially driving even greater profits for QualiArts. The game's unique blend of elements promises to attract both seasoned players and newcomers alike.
Analysts will be closely watching QualiArts' next quarterly report, as many believe the gaming market will increasingly favor innovative designs and compelling narratives such as those found in Gakuen Idolmaster. This momentous profit growth may just be the beginning for QualiArts as it seeks to establish itself as a leading figure in the global gaming arena.
