Nexters publicizes quarterly outcomes and board modifications for 2022


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Gaming firm Nexters introduced its Q1 outcomes at present, in addition to upcoming modifications to the board of administrators. Sure members might be stepping down from the board, “within the curiosity of Nexters’ additional worldwide growth.”

The Cyprus-based firm experiences that it has seen $126 million in its quarterly revenues, which is a forty five% year-on-year progress. The corporate went public final yr by way of a SPAC with a $1.9 billion valuation, and purchased three cellular gaming firms in January. Nonetheless, its buying and selling on Nasdaq was suspended earlier this yr. In June, Nexters laid off 235 workers throughout varied international locations.

As a part of its modifications, Russian govt Ivan Tavrin will step down as chairman of the board. In line with Nexters, he’ll now not be concerned with the corporate’s administration or operation. The board will vote in a brand new chairman. Igor Bukhman and Boris Gertsovskiy are additionally stepping down as administrators of the board.

Three new unbiased administrators will be part of the board: Tal Shoham, co-founder and president of Tedooo; Marie Holive, senior advisor at Proteus Worldwide; and Olga Loskutova, VP of product and model advertising and marketing at Whirlpool EMEA.

In July, Nexters introduced its intention to “[relocate] the overwhelming majority of vital personnel positioned in Russia, Ukraine, and Belarus to Cyprus, Armenia, and sure different ‘safe-harbor’ international locations.” A Nexters spokesperson advised GamesBeat that 200 workers are within the strategy of relocation. It additionally stated it plans to “divest the corporate of its Russia-based subsidiaries by transferring its gaming enterprise in Russia to the native administration.”

We wrote in regards to the problem Russia-linked sport firms are having due to the conflict in Ukraine.

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Occupied with studying what’s subsequent for the gaming trade? Be a part of gaming executives to debate rising elements of the trade this October at GamesBeat Summit Subsequent. Register at present. Gaming firm Nexters introduced its Q1 outcomes at present, in addition to upcoming modifications to the board of administrators. Sure members might be stepping…