Europe was Gdev’s largest region in fiscal 2025, bringing in $132.78M of $404.35M (33%).
| Geography | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Us | $160.31M | $163.82M | $143.03M | $131.70M | |||
| Europe | $101.32M | $117.18M | $126.21M | $132.78M | |||
| Asia | $124.32M | $111.12M | $91.87M | $77.37M | |||
| Other | $93.73M | $72.43M | $59.82M | $62.49M | |||
| Fsu | — | — | — | — | |||
| Total | $479.69M | $464.55M | $420.93M | $404.35M |
Gdev brought in $404.35M from its four regions in fiscal 2025, the year ended December 31, 2025. That was down 3.9% from $420.93M in fiscal 2024. Europe was the largest at $132.78M (32.8%), ahead of Us at $131.70M (32.6%) and Asia at $77.37M (19.1%). The remaining region, Other, brought in $62.49M.
Compared with fiscal 2024, Europe grew fastest, up 5.2% to $132.78M, while Asia fell the most, down 15.8% to $77.37M. From fiscal 2022 to 2025, combined revenue from these regions fell from $479.69M to $404.35M, a compound annual decline of 5.5%. Europe's share of the total rose from 21.1% to 32.8%.
In-Game Purchases was Gdev’s largest revenue line in fiscal 2025, bringing in $384.19M of $404.35M (95%).
| Products and services [axis] | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| In-Game Purchases | $459.66M | $434.33M | $393.85M | $384.19M | |||
| Advertising | $20.03M | $30.22M | $27.02M | $20.15M | |||
| Licensing | — | — | $62.00K | $10.00K | |||
| Total | $479.69M | $464.55M | $420.93M | $404.35M |
Gdev brought in $404.35M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 3.9% from $420.93M in fiscal 2024. In-Game Purchases was the largest at $384.19M (95.0%), ahead of Advertising at $20.15M (5.0%) and Licensing at $10.00K (0.0%).
Compared with fiscal 2024, In-Game Purchases fell 2.5% to $384.19M and Advertising fell 25.4% to $20.15M.
Gdev began breaking out Licensing in fiscal 2024, when it brought in $62.00K.
Nexters Global Ltd was Gdev’s largest segment in fiscal 2025, bringing in $389.41M of $404.35M (96%).
| Segment | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Nexters Global Ltd | $472.39M | $447.15M | $403.64M | $389.41M |
| All Other Segments | $7.29M | $17.40M | $17.29M | $14.94M |
| Total | $479.69M | $464.55M | $420.93M | $404.35M |
Gdev brought in $404.35M from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 3.9% from $420.93M in fiscal 2024. Nexters Global Ltd was the largest at $389.41M (96.3%), ahead of All Other Segments at $14.94M (3.7%).
Compared with fiscal 2024, Nexters Global Ltd fell 3.5% to $389.41M and All Other Segments fell 13.6% to $14.94M. From fiscal 2022 to 2025, combined revenue from these segments fell from $479.69M to $404.35M, a compound annual decline of 5.5%. Nexters Global Ltd's share of the total fell from 98.5% to 96.3%.
Gdev (GDEV) reports its revenue by geography, by products and services [axis] and by segment. In fiscal 2025, Europe was its largest region, bringing in $132.78M (32.8% of the total), followed by Us at $131.70M (32.6%).
Europe was Gdev's largest region in fiscal 2025, bringing in $132.78M, or 32.8% of the $404.35M total across its four regions.
In-Game Purchases was Gdev's largest revenue line in fiscal 2025, bringing in $384.19M, or 95.0% of the $404.35M total across its three revenue lines.
Nexters Global Ltd was Gdev's largest segment in fiscal 2025, bringing in $389.41M, or 96.3% of the $404.35M total across its two segments.
Among Gdev's regions that make up at least 2% of revenue, Europe grew fastest in fiscal 2025, up 5.2% from $126.21M to $132.78M.
Every figure comes from Gdev's annual financial filings, as reported. Each line keeps the name Gdev gives it, and years follow its fiscal calendar.
Gdev's revenue by geography goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.