The company has recently experienced tremendous success in the genre with the release of Sniper: Ghost Warrior, one of the year’s best-selling FPS games. Since its launch on June 29, Sniper: Ghost Warrior has ranked among the top 5 FPS games for Xbox 360 both in the U.S. and Europe.
Overall, City Interactive has experienced tremendous growth in terms of revenue, profit and market share. Recently featured on the cover of a European issue of Forbes magazine, City Interactive’s worldwide Q1-Q3 revenue is up 230 percent compared to same period last year, with 2010 revenues projected to grow 219 percent above previous year with considerable profit projections. The company’s market cap has increased 715 percent in the past two quarters to approximately $100 million (USD).
“We are certainly gratified by our overall growth and are excited about the potential of our upcoming product release schedule,” said Marek Tyminski, CEO of City Interactive. “We have licensed the CryENGINE 3, one of the most advanced game engines available, as a means to further develop additional multi-platform games that will deliver amazing gaming experiences.”
“We are delighted to have City Interactive join our CryENGINE 3 licensee community and we really look forward to continuing to work with their talented teams,” said Carl Jones, Director of CryENGINE Global Business Development. “With the success of Sniper: Ghost Warrior, City has shown that they understand what gamers want to play. CryENGINE 3 and our dedicated global support team will help them achieve their vision on multiple platforms, with the speed and high quality values that our engine and tools uniquely provide to developers.”