Forgame

Forgame is a Chinese company focused on developing and launching cloud games.

Launch date

2009

Employees

Market cap

Enterprise valuation

(AUD49m) (Public information from Sep 2024)

Guangzhou Guangdong (HQ)

http://www.forgame.com

https://www.facebook.com/forgameus https://www.linkedin.com/company/forgame-holdings-ltd https://apps.apple.com/app/id1021190811

Revenues, earnings & profits over time

CNY	2017	2018	2019	2020	2021	2022	2023
Revenues	-	-	124m	60.4m	142m	114m	60.2m
% growth	-	-	-	(51 %)	135 %	(20 %)	(47 %)
EBITDA	-	-	15.3m	(32.2m)	(18.0m)	(23.6m)	<1m
% EBITDA margin	-	-	12 %	(53 %)	(13 %)	(21 %)	1 %
Profit	-	-	(216m)	(49.3m)	17.6m	(20.1m)	(17.6m)
% profit margin	-	-	(174 %)	(82 %)	12 %	(18 %)	(29 %)
EV / revenue	-	-	1.1x	-3.7x	-1.5x	-2.0x	-3.8x
EV / EBITDA	-	-	8.5x	7.0x	11.9x	9.5x	-638.4x
R&D budget	-	-	29.4m	<1m	8.0m	31.6m	26.6m
R&D % of revenue	-	-	24 %	1 %	6 %	28 %	44 %

Date	Investors	Amount	Round
Jun 2012	TA Associates Qiming Venture Partners	$68.8m	Series A
Apr 2013	N/A	$4.0m	Early VC
Oct 2013	N/A	N/A	IPO
Dec 2014	N/A	$16.0m	Post IPO Equity
Total Funding		AUD113m

Tech stackLearn more about the technologies and tools that this company uses.

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