Kabam brought in $180 million in gross revenue in 2012, representing 70 percent year-on-year growth. This revenue is driven by hit titles like The Hobbit: Kingdoms of Middle-earth and Kingdoms of Camelot and smartphone titles, which comprised over $100 million of the company's revenue last year.
"Kabam blew past its plan in 2012," said co-founder and CEO Kevin Chou. "At this time last year we forecast 2012 revenue to grow by 30 to 40 percent. Because of our team's focus on strategic growth across diverse game genres and platforms, including mobile and the web, we exceeded our own expectations. We have built what is now well more than a $100 million-plus annualized mobile business in less than one year with a slate of exciting new games across multiple genres."