Hutch Games

Hutch Games

Development studio that's dedicated to making the best racing games for mobile. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD375m (Public information from Dec 2020)
Company register number 07692393
London England (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
GBP2016201720182019202020212022
Revenues2.7m9.3m11.6m15.1m37.1m40.6m40.7m
% growth6 %247 %24 %30 %146 %9 %-
EBITDA(2.2m)(<1m)(<1m)1.1m1.5m4.1m2.5m
% EBITDA margin(80 %)(5 %)(3 %)7 %4 %10 %6 %
Profit(1.9m)(<1m)<1m2.4m9.8m5.7m4.9m
% profit margin(70 %)-5 %16 %26 %14 %12 %
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DateInvestorsAmountRound
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N/A

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$5.5m

Series A

$275m

Valuation: $275m

13.8x EV/LTM Revenues

198.3x EV/LTM EBITDA

Acquisition
Total FundingCAD7.5m

Recent News about Hutch Games

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More about Hutch Gamesinfo icon
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Hutch is a mobile gaming company that specializes in creating car-themed games designed to entertain and engage players. The company operates in the mobile gaming market, targeting car enthusiasts and casual gamers alike. Hutch's business model revolves around the development and distribution of free-to-play games, monetized through in-app purchases and advertisements. The company is known for its transparency, providing clear access to players, finances, and decision-making processes. Hutch's flagship game, Top Drives, features a unique card racing system with over 4,000 officially licensed cars, offering players hundreds of campaign challenges and daily competitive events. The company emphasizes a work environment where teams have the freedom and responsibility to make decisions that best serve the players. Hutch also complies with data protection regulations, ensuring the privacy and security of user data.

Keywords: mobile gaming, car games, free-to-play, in-app purchases, player engagement, transparency, racing strategy, licensed cars, data protection, casual gamers.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.