Description
MindArk PE AB is engaged in the development and management of virtual reality and online games, including the well-known game Entropia Universe, which combines elements of MMORPG with real economic interactions.
Included in this report General Information, Mergers, Acquisitions, Subsidiaries, Company Games, Games and Financial Statements for 2023 Fiscal Year.
This report provides valuable insights for investors, analysts, and industry stakeholders regarding the company's performance, strategic moves, and financial health for the fiscal year 2023.
Goals and objectives of the research
Research Objective: To study MindArk PE AB publicly available financial information, determine the company's development strategy, and compile an overview of its annual financial reports.
Research Tasks:
- Find the company’s comprehensive financial and corporate information;
- Analyze the gathered information;
- Draw conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
Document markup
- FY - Financial Year;
- MA - MindArk PE AB (publ);
- YoY - Year-to-Year;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- MindArk report period is from January 1, to December 31, 2023;
- The specified financial year coincides with the calendar year.
Short Insights
- MindArk PE AB was established in 1998 and is known for developing the virtual game world called Project Entropia.
- In 2021, MindArk and Epic Games agreed to transition Entropia Universe to Unreal Engine 5, with implementation expected to begin in Q1 or Q2 of 2025, although the exact date has not been announced.
- MindArk offers partnership services, using the Entropia Platform as a foundation for entertainment and business for collaborating companies and organizations.
