Next Games Oyj
NXTGMS.HE
NASDAQ Helsinki2.07
EUR
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Next Games Oyj
NXTGMS.HE
(NASDAQ Helsinki)
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2.07
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ROIC.AI
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- Business
- Next Games Oyj is a Helsinki-based developer and publisher of licensed mobile games, specializing in creating games based on entertainment franchises such as movies, TV series, and books. Its core product portfolio includes mobile games distributed via Apple App Store and Google Play, notably The Walking Dead: No Man’s Land, The Walking Dead: Our World, and Stranger Things: Puzzle Tales, a story-driven puzzle role-playing game inspired by Netflix's hit series. The company integrates popular entertainment intellectual property into engaging, service-based mobile game experiences with in-game purchases as a primary revenue source. Founded in 2013, Next Games operates internationally with a focus on North America, Finland, and broader European markets. As of early 2022, Next Games became a wholly owned subsidiary of Netflix, Inc., following an acquisition valued at approximately €65 million. This strategic alliance positions Next Games as a core Netflix game studio, expanding Netflix's internal game development capabilities and enabling closer integration of Netflix’s intellectual properties into interactive gaming formats. The acquisition marks a significant operational change and business expansion, driven by a shared strategic focus on developing world-class games tied to globally recognized entertainment franchises. Beyond its product offerings, Next Games emphasizes collaboration with license owners to create authentic gaming experiences with strong social elements. The company had approximately 120 employees by the end of 2021 and generated most of its revenue through in-app purchases. As part of Netflix, Next Games is expected to scale its development efforts and broaden its portfolio of games linked to popular Netflix content, reinforcing Netflix's broader strategy to build a gaming ecosystem that complements its streaming service. Next Games capitalizes on its deep expertise in mobile game development based on licensed entertainment brands, focusing on interactive and long-lasting fan experiences. This positions the company as a leading player in the mobile gaming industry segment that merges entertainment franchises with interactive digital content, targeting global consumers through digital distribution platforms. In summary, Next Games Oyj is a specialized mobile game developer and publisher headquartered in Helsinki, Finland, recognized for franchise-based games such as The Walking Dead and Stranger Things titles. Recently acquired by Netflix in 2022, it serves as a key studio within Netflix’s gaming division, with a strategic emphasis on expanding game offerings tied to Netflix’s global entertainment IP portfolio, operating primarily across North America, Europe, and beyond.