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Revenue and other operating income

6 Months Ended

Jun. 30, 2026

7.Revenue and other operating income

The following table summarizes revenue from contracts with customers for the three and six months ended June 30, 2026 and 2025:


		Six months ended		Six months ended		Three months ended		Three months ended
		June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
In-game purchases		184,483		206,672		89,894		114,438
Advertising		8,498		10,253		3,679		5,470
Licensing		—		9		—		3
Total		192,981		216,934		93,573		119,911

The following table sets forth revenue disaggregated based on geographical location of our paying users:


		Six months ended		Six months ended		Three months ended		Three months ended
		June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
US		58,607		73,801		28,606		40,392
Europe		61,732		68,932		29,883		38,502
Asia		34,313		42,722		16,601		23,243
Other		38,329		31,479		18,483		17,774
Total		192,981		216,934		93,573		119,911

93% of the Group’s total revenues for the six months ended June 30, 2026 was generated by Hero Wars game title (93% – for the six months ended June 30, 2025). Of our total revenues for the six months ended June 30, 2026 128,603 is revenue recognized over a period of time (147,046– for the six months ended June 30, 2025) and remaining revenue concerns revenue recognized at a point in time (Note 22). During the six months ended June 30, 2026 and 2025 no individual end customer accounted for more than 10% of our revenues.

The other operating income mainly consists of grant received by Nexters Studio Armenia from the Ministry of Digitalization associated with the personal income tax benefit applicable to our employees in the amounts of 497 and 318 for the six months ended June 30, 2026 and 2025. Government grants are recognized initially at fair value when there is reasonable assurance that they will be received and the Group will comply with the conditions associated with the grant. Unconditional government grants are recognized when the Group is entitled to receive them.