v3.26.1
Revenue and other operating income
6 Months Ended
Jun. 30, 2026
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 three and six months ended June 30, 2026 and 2025:

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Six months ended

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Six months ended

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Three months ended

  ​ ​ ​

Three months ended

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

In-game purchases

184,483

206,672

89,894

114,438

Advertising

 

8,498

 

10,253

 

3,679

 

5,470

Licensing

9

3

Total

192,981

216,934

93,573

119,911

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

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Six months ended

  ​ ​ ​

Six months ended

  ​ ​ ​

Three months ended

  ​ ​ ​

Three months ended

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

US

58,607

73,801

28,606

40,392

Europe

 

61,732

 

68,932

 

29,883

 

38,502

Asia

 

34,313

 

42,722

 

16,601

 

23,243

Other

 

38,329

 

31,479

 

18,483

 

17,774

Total

192,981

216,934

93,573

119,911

93% of the Group’s total revenues for the six months ended June 30, 2026 was generated by Hero Wars game title (93% – for the six months ended June 30, 2025). Of our total revenues for the six months ended June 30, 2026 128,603 is revenue recognized over a period of time (147,046– for the six months ended June 30, 2025) and remaining revenue concerns revenue recognized at a point in time (Note 22). During the six months ended June 30, 2026 and 2025  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 497 and 318 for the six months ended June 30, 2026 and 2025. Government grants are recognized initially at fair value when there is reasonable assurance that they will be received and the Group will comply with the conditions associated with the grant. Unconditional government grants are recognized when the Group is entitled to receive them.