Welcome to our second bi-monthly investor letter from CEO Søren Gleie. This time the focus will be to give a short status on our Tiny Titan Studios Acquisition, done 14 months ago.
Significant factors in our success with Tiny Rails have been our efforts in app store optimization, which has led to a 40% increase in organic installs. Additionally, our team has identified weaknesses in the game economy of Tiny Rails and implemented strategies to improve monetization. The App Store Optimization (ASO) and the game's timeless design have helped drive significant growth for
With a 63% return on investment achieved thus far, the acquisition has proven to be a great success for our company. As we look to the future, we are confident that our investment will continue to pay off, with projections indicating that we will reach a 100% return on investment by the end of this year. Tiny Rails was released in 2017 and based on its historical performance, we expect it to continue generating revenue for several years.
We look forward to continued growth and success in the future.
- Søren Gleie, CEO of Trophy Games Development A/S
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https://news.cision.com/trophy-games/r/2-letter-to-investors-from-the-ceo,c3725828
https://mb.cision.com/Main/20400/3725828/1884583.pdf
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