SYBO Games ApS
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SYBO Games ApS - overview
Location
Copenhagen, -, Denmark
Primary Industry
Software
About
SYBO Games ApS is a Copenhagen-based mobile gaming studio that specializes in creating interactive gaming experiences, including their hugely popular title Subway Surfers, appealing to a broad audience worldwide. Founded in Copenhagen, Denmark, SYBO Games ApS operates as a mobile game development studio. Its most notable title, Subway Surfers, remains a staple in the gaming industry since its launch. The company was recently acquired by Miniclip SA in June 2022, a move that signifies a strategic pivot to expand its portfolio under a larger umbrella.
CEO Mathias Nørvig currently leads the company, following its acquisition, while founder Bodie Jahn-Mulliner has helped shape its vision and direction. SYBO is known for developing engaging gaming experiences for mobile platforms. Its flagship product, Subway Surfers, is an enduring endless runner game where players navigate urban landscapes, avoiding obstacles and collecting tokens. The game regularly updates with new characters and themes, appealing to a diverse player base.
Additionally, SYBO has expanded into the puzzle genre with Subway Surfers Match, allowing users to create matches and enhance their surroundings with beloved characters from Subway Surfers. These offerings cater to global markets, including North America, Europe, and Asia. In the most recent fiscal year 2023, SYBO reported a revenue of USD 66. 43 mn and an EBITDA of USD 29.
16 mn. The company generates revenue through in-game purchases and advertising, allowing players to access premium content while maintaining a free-to-play model. This financial strategy supports ongoing development and player engagement through brand partnerships and in-game advertising. SYBO Games ApS aims to leverage recent funding from its acquisition by Miniclip SA to develop new gaming products and enhance existing offerings.
The company plans to expand its reach into emerging markets across Asia and Latin America by the end of 2023. The focus will be on new game titles and updates that reflect diverse cultures and gaming preferences, ensuring continued relevance in the dynamic mobile gaming sector.
Current Investors
Miniclip SA, Tencent Holdings Limited
Primary Industry
Software
Sub Industries
Gaming
Website
www.sybogames.com
Verticals
Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
SYBO Games ApS - timeline of key events
SYBO Games ApS - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Apr 30, 2014 | Apr 30, 2015 | Apr 30, 2016 | Apr 30, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA (USD) | 30,879,067 | 151,612,641 | 62,191,167 | 199,582,681 | 133,570,229 | 111,946,572 | 506,219 | 6,924,257 | 28,694,989 | 70,808,378 | - | - | - |
| Operating Income (USD) | 30,532,023 | 151,549,632 | 62,191,167 | 199,582,681 | 133,570,229 | 103,693,217 | (19,240,640) | (12,898,459) | 6,672,488 | 52,392,461 | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| NET Income (USD) | 22,444,374 | 111,676,234 | 47,448,117 | 163,242,850 | 95,344,515 | 96,650,688 | (25,453,097) | 2,876,836 | (4,676,057) | 51,687,724 | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
SYBO Games ApS - employee data
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