Winking Studios Reports Revenue Growth and Strategic Expansion in FY2024

Winking Studios Limited ( (SG:WKS) ) has provided an update.

Winking Studios Limited reported an 8.9% increase in revenue for FY2024, driven by strong demand for its services and strategic acquisitions of On Point Creative and Pixelline. The company completed a dual listing on the London Stock Exchange and a private placement in Singapore, raising a total of US$29.9 million to support its global growth and M&A strategy. With a healthy balance sheet and a proposed dividend in line with its policy, Winking Studios is poised to expand its market share in the rapidly growing global gaming industry, focusing on the US, Europe, UK, and Japanese markets.

More about Winking Studios Limited

Winking Studios Limited, headquartered in Singapore and dual-listed on the London Stock Exchange and Singapore Exchange, is one of Asia’s largest AAA game art outsourcing studios and an established game development company. With over 25 years of experience, the company provides end-to-end art outsourcing, game development services, and other gaming services across various platforms for the global gaming industry. The Group operates nine studios across Kuala Lumpur, Taipei, Shanghai, Nanjing, and Suzhou, with a backend office in Singapore, serving a global customer base that includes 22 of the top 25 game publishers in the world.

YTD Price Performance: -1.72%

Average Trading Volume: 134,250

Technical Sentiment Consensus Rating: Hold

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