Latest news with #Match-3
Business Wire
31-07-2025
- Business
- Business Wire
Good Job Games Raises $60M Series A Round, Co-led by Menlo Ventures and Anthos Capital
ISTANBUL--(BUSINESS WIRE)-- Good Job Games, blazing a path as one of Türkiye's fastest-growing mobile games companies, has raised a $60M Series A round, co-led by Menlo Ventures and Anthos Capital, with additional participation by Bessemer Venture Partners. The round brings the total investment amount to date to $83M, after a seed round of $23 million just six months ago, highlighting the studio's breakout trajectory and ability to attract top-tier investors. The funding will fuel Good Job Games' ambition to build a generational entertainment brand through timeless, socially-driven games. With the explosive success of Match Villains, the company is redefining the Match-3 genre with a modern, highly satisfying experience that's as competitive as it is social. Designed to be endlessly replayable and deeply engaging, the game is setting a new standard for what Match-3 can be - sticky, satisfying and built to last. 'Match-3 is already the biggest genre in mobile gaming, but the best in the category is yet to come,' said Ilker Ilicali, founder and CEO of Good Job Games. 'With Match Villains, we're on a mission to build the most entertaining modern Match-3 game out there. The glowing user feedback and exceptional data we are seeing make us genuinely excited and confident about what we're building - all thanks to our incredible team with world class talent, commitment to excellence, and an unrelenting drive to always improve.' The round marks a fast follow to the company's seed raise, and reflects strong investor confidence in the Good Job Games team's ability to scale its player base and deliver standout experiences. 'Good Job Games deeply understands how to keep players coming back. I know since I just finished level 2000 in the game!' said Amy Wu Martin, Partner at Menlo Ventures. 'When we first invested, the early metrics were already among the best we'd seen in the industry - and they've only improved since. The team has a long vision for what they're building and we're excited to double down.' 'Good Job Games is redefining Match-3 for today's players into an experience that is deeply social, endlessly replayable and beautifully executed," said Zack Zaharis, Partner at Anthos Capital. "It's rare to see this level of polish and traction so early. Visiting the team in Türkiye gave us a deep appreciation for the culture and talent driving their momentum, and we're thrilled to support them as they scale Match Villains into a generational franchise.' To learn more, please visit About Good Job Games Good Job Games is one of the fastest-growing mobile game studios in the world, creating timeless, high-quality games for a global audience. With a focus on creativity, speed, and player delight, the team combines data-informed decision-making with a deep passion for entertainment. Good Job Games is committed to delivering standout experiences that are built to last. Good Job Games investors include Arcadia Gaming Partners, Menlo Ventures, Anthos Capital, and Bessemer Venture Partners. Learn more at About Menlo Ventures Menlo Ventures is a leading early-stage venture capital firm investing at the forefront of AI. Our portfolio includes more than 80 public companies and over 165 exits through mergers and acquisitions. Currently managing more than $6 billion in assets, we invest at every stage across Consumer, Enterprise, and Healthcare. Our portfolio companies include Abnormal Security, Anthropic, Benchling, Carta, Chime, Harness, Pinecone, Poshmark, Pillpack, Recursion, Roku, Rover, Siri, Typeface, Uber, and Warby Parker. We strive to have a positive impact on everything we do. When we're in, we're ALL IN. @MenloVentures About Anthos Capital Anthos, founded in 2007, invests in emerging consumer and technology companies that drive innovation and shape the future. Anthos provides strategic and operational support to entrepreneurs, enabling its portfolio companies to achieve their full potential as future industry leaders.
Yahoo
21-05-2025
- Business
- Yahoo
Yalla Group Posts Strong Revenue Growth in Q1
On May 20, Yalla Group Limited (NYSE:YALA) reported its first quarter results for fiscal 2025 and posted strong revenue growth, with revenue reaching $84 million, exceeding guidance and Wall Street estimates. A 6.5% growth from a year ago, the company's revenues from chatting services came in at $53.5 million, and game services revenue was around $30.1 million. A businessman holding up a chart displaying business growth for a middle market company. Yalla Group's revenues were driven by a significant increase in average monthly active users (MAUs) to 44.6 million. The rise in MAUs was fueled by strategic positioning during the Ramadan season, along with AI-driven traffic acquisition optimizations. The net margins saw an increase from 39.5% to 43.4% from a year ago, reflecting improved profitability. The company is now focused on expansion and expects new launches ahead in 2023. "Our product portfolio is thriving and primed for expansion. We completed first-round product testing on an exciting Match-3 title slated for launch in the third quarter of 2025 and boast a robust lineup of promising mid-core games in our pipeline,' said Mr. Yang Tao, Founder, Chairman, and CEO of Yalla. Additionally, the company has announced to increase share buyback program by an additional $22 million to target $50 million for 2025, indicating a strong commitment to returning capital to shareholders. Yalla Group Limited (NYSE:YALA) is a UAE-based holding company that operates social networking and entertainment platforms. While we acknowledge the potential of YALA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than YALA and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Business Insider
20-05-2025
- Business
- Business Insider
Yalla reports Q1 EPS 20c vs. 17c last year
Reports Q1 revenue $83.9M vs. $78.7M last year. Average MAUs increased by 17.9% to 44.6 million in the first quarter of 2025 from 37.8 million in the first quarter of 2024. The number of paying users decreased by 8.0% to 11.8 million in the first quarter of 2025 from 12.8 million in the first quarter of 2024. 'We kicked off 2025 with a strong first quarter. Even with the impact of Ramadan, which fell entirely within the first quarter this year, our revenues reached US$83.9 million, up 6.5% year over year and beating the upper end of our guidance,' said Mr. Yang Tao, Founder, Chairman and CEO of Yalla (YALA). 'Furthermore, without increasing selling and marketing expenses, we drove a 17.9% increase in average MAUs to 44.6 million, mainly attributable to our refined user acquisition strategy tailored for Ramadan, as well as our AI-driven traffic acquisition optimizations. Our product portfolio is thriving and primed for expansion. We completed first-round product testing on an exciting Match-3 title slated for launch in the third quarter of 2025 and boast a robust lineup of promising mid-core games in our pipeline. To deepen our commitment to returning shareholder value, we plan to further accelerate our share buyback program, raising this year's target by an additional US$22 million to a total of US$50 million for 2025. Looking ahead, we will remain dedicated to harnessing technological innovation as our engine and user needs as our compass, expanding the boundaries of MENA's digital ecosystem as we realize our vision of building the largest destination for online social networking and entertainment activities in MENA.'
