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G5 Entertainment

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G5 Entertainment
Company typePublic
IndustryVideo games
Founded2001; 23 years ago (2001)
Headquarters,
Key people
  • Vlad Suglobov (CEO)
  • Alexander Tabunov (COO)
Websiteg5.com

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

History

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G5 Entertainment was 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, the company had grown significantly since it was founded.[5][6]

In 2006, the group started developing PC games and then went on to release mobile games such as Supermarket Mania and Virtual City.[7][8] The games were later launched on the Apple App Store.[9] Developed by the company, Mahjong Artifacts, was eventually adapted into a free game called Mahjong Journey.[10][11]

In 2024, G5 Entertainment was included in the Europe’s Long-Term Growth Champions ranking in Financial Times report.[12]

Games

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G5 is primarily active in the mobile games market.[2][13] In 2011, G5 released Virtual City Playground, their first game with freemium monetization.[14]

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.[13][15] However, later that year, analyst Daniel Zetterberg reported that the game's revenue had passed its peak.[16] After Hidden City, which had been licensed from another developer, G5 focused more on their own game development.[17]

Games published by G5 Entertainment include: Sherlock, Jewels of Egypt, Jewels of the Wild West, Hidden City, Jewels of Rome, Mahjong Journey and The Secret Society.[18][19][20][21]

References

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  1. ^ Benson, Peter (4 January 2017). "Spekulativt läge i G5 Entertainment | Peter Benson". Svenska Dagbladet (in Swedish). ISSN 1101-2412. Retrieved 7 December 2023.
  2. ^ a b Levander, Margaretha (15 November 2021). "Kodaren från Sovjet". Affärsvärlden. pp. 10–14. Retrieved 10 March 2024.
  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 Russian). Retrieved 7 December 2023.
  4. ^ Hoikkala, Hanna; Wilen, Anton (21 December 2020). "Sweden Gaming Stocks Crowned Lockdown Winners, With More to Come". Bloomberg News.
  5. ^ Mellqvist, Gabriel (6 December 2021). "Aktiespararna kritiska mot anonymt ägande i G5 – "en unik situation"". Dagens Industri (in Swedish). p. 12. Retrieved 10 March 2024.
  6. ^ Eklund, Henning (19 June 2022). "Vd: Fler medarbetare flyr från Ryssland än Ukraina". Svenska Dagbladet. Retrieved 10 March 2024.
  7. ^ Entertainment, G5. "Supermarket Mania® - Match 3: Shopping Adventure Frenzy". G5 Entertainment News. Retrieved 13 November 2024.{{cite web}}: CS1 maint: numeric names: authors list (link)
  8. ^ "Virtual City Playground: Build - Apps on Google Play". play.google.com. Retrieved 13 November 2024.
  9. ^ "Virtual City Playground". App Store. 29 May 2018. Retrieved 13 November 2024.
  10. ^ "Mahjong Journey®: Tile Match". App Store. 11 November 2024. Retrieved 13 November 2024.
  11. ^ Entertainment, G5. "G5 Games - World of Adventures™". G5 Entertainment News. Retrieved 13 November 2024.{{cite web}}: CS1 maint: numeric names: authors list (link)
  12. ^ "FT Ranking: Europe's Long-Term Growth Champions".
  13. ^ a b Jon Jordan (31 May 2018). "G5 Entertainment CEO on the focus driving its success in hidden object games and beyond". Pocket Gamer.
  14. ^ Jordan, Jon (2 January 2012). "2011 in review: Vlad Suglobov, CEO, G5 Entertainment". Pocket Gamer. Retrieved 7 December 2023.
  15. ^ "The "King" of its niche". redeye.se. 8 June 2017.
  16. ^ Zetterberg, Daniel (6 November 2018). "Analys: Köpa aktier i G5 Entertainment?". Affärsvärlden (in Swedish).
  17. ^ Zetterberg, Daniel (14 November 2021). "G5 spelbar på nytt". Affärsvärlden (in Swedish). pp. 34–35. Retrieved 10 March 2024.
  18. ^ Entertainment, G5. "Sherlock・Hidden Object・Match 3". G5 Entertainment News. Retrieved 13 November 2024.{{cite web}}: CS1 maint: numeric names: authors list (link)
  19. ^ Entertainment, G5. "Jewels of Egypt®: Match 3 Games". G5 Entertainment News. Retrieved 13 November 2024.{{cite web}}: CS1 maint: numeric names: authors list (link)
  20. ^ Entertainment, G5. "Jewels of the Wild West®: Gems puzzles & Diamond quests". G5 Entertainment News. Retrieved 13 November 2024.{{cite web}}: CS1 maint: numeric names: authors list (link)
  21. ^ "The Secret Society: Mystery - Apps on Google Play". play.google.com. Retrieved 13 November 2024.