v3.26.1
Revenue and other operating income
12 Months Ended
Dec. 31, 2025
Revenue and other operating income  
Revenue and other operating income

7.   Revenue and other operating income

The following table summarizes revenue from contracts with customers for the years ended December 31, 2025, 2024 and 2023:

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

In-game purchases

 

384,187

393,854

434,326

Advertising

 

20,150

27,017

30,223

Licensing

9

62

Total

 

404,346

420,933

464,549

The following table sets forth revenue disaggregated based on geographical location of our paying users:

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

 

  ​

 

  ​

 

  ​

US

 

131,696

 

143,031

 

163,818

Europe

 

132,784

 

126,210

 

117,183

Asia

 

77,373

 

91,872

 

111,123

Other

 

62,493

 

59,820

 

72,425

Total

 

404,346

 

420,933

 

464,549

93% of the Group’s total revenues for the year ended December 31, 2025 was generated by Hero Wars game title (90% - for the year ended December 31, 2024 and 90% for the year ended December 31, 2023. During the years ended December 31, 2025, 2024 and 2023 no individual end customer accounted for more than 10% of our revenues.

The other operating income mainly consists of grant received by Nexters Studio Armenia from the Ministry of Digitalization associated with the personal income tax benefit applicable to our employees in the amounts of 1,714, 1,768 and 1,319 for the years ended December 31, 2025, 2024 and 2023 (see Note 3.15).