British games firm Sumo Group has reported a 40.7 per cent increase in revenue for the year ending December 2020.
During this period, the firm claims to have brought in £68.9 million ($94.73 million) in revenue, while its gross profit increased 31.5 per cent to £31.5 million ($43.31 million). Sumo boasts of its landing two BAFTA Game Awards for November 2020's Sackboy: A Big Adventure, as well as scoring a 3 Star Accreditation in the Best Companies Survey.
Sumo also boasts of a number of acquisitions it has made recently, including work-for-hire studio Lab42 in May of last year and Polish firm PixelAnt, which it snapped up in January 2021. The company also says it has worked on 12 titles that were launched or announced in the last year; five of these projects are own IP.
“2020 has been an extraordinary year for us in so many ways. Our people have responded brilliantly to the pandemic restrictions, delivering many fantastic games and winning some incredible awards, including two BAFTAs. We also completed a major acquisition in the US and generated financial results ahead of everyone’s expectations,” Sumo boss Carl Cavers (pictured) said.
“Achieving the maximum 3 Star Accreditation in the Best Companies Survey, announced in February 2021, was a massive achievement for the Group but we won’t rest on our laurels. Attracting and retaining the best talent lie at the heart of our future growth plans and we will continue adapting and improving to make Sumo Group the best place to work in video games.
“The year ahead is packed with even more exciting opportunities for our talent to shine, and we are excited about the launch of Secret Mode, our new publishing business, announced earlier this month. Our focus remains on delivering further strong growth organically and by acquisition, and the pipeline of opportunities remains strong. We have an enviable level of visibility on development fees in 2021 and, with our markets continuing to perform strongly, are increasingly confident about the future of the business."