Nitro Games sees record revenue growth of 29% in 2024

The developers behind Autogun Heroes and Warframe on mobile devices, Nitro Games have reported an incredible year with record growth in 2024. The earnings report for the company revealed $12.3 million in revenue which is a 29% year-over-year growth for the company. EBITDA increased by 241% while net profits were up by 114% YoY at $495,000.

We received notable follow-up orders from our B2B customers and secured new partnerships with a total order value of €9.4m despite a really challenging market. It’s clear that we’re currently at an all-time high in many ways,” said Jussi Tähtinen, CEO of Nitro Games.

An incredible portfolio of games helped a lot

The company has made an incredible portfolio over the years with games like Alan Wake PC, theHunter Mobile, Runegate Heroes, and more which became quite popular among gamers. Bringing Warframe, one of the most popular looter shooters on mobile also boosted the company's reputation further.

“Looking at our history and the long-term development of our revenue and profitability, it’s evident that this is not a one-off event but a logical next step in our journey. We turned profitable at the end of 2023 and stayed profitable throughout 2024 despite investing in the future growth of our game portfolio through platform expansion and new game exploration,” Tähtinen added.

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Nitro Games to keep the momentum going

Making good use of every opportunity they got, the company established a reputation in the gaming industry and does not plan to stop anytime soon. It should also be much easier for Nitro Games to get new projects moving forward.

“In 2024, we stayed true to our vision – collaborating with leading brands while expanding into new platforms. This resulted in a record financial year. More importantly, it positioned us well for the future, allowing us to continue a steady forward movement toward new milestones and achievements,” the report added.