Gaming unicorn MPL has seen a massive growth in revenues in FY23. In the year ending March 2023, MPL’s revenue soared 63% to reach $104.6 mn from $64.1 mn in FY22. Notably, the company has derived 38% of this revenue from its operations in international markets up from 11% in FY22. Besides its home country India,  MPL is present in North America, Africa and Europe. 

Its losses in the same period narrowed by more than 70% to become $37.04 mn from $194.47 mn in FY22. The company said this reduction was due to its shift in marketing strategy focusing on ROI and also optimisation of infrastructure costs. 

Founded in 2018, MPL quickly moved to establish presence in other geographies, one of the first Indian gaming companies to do so. In 2021, it launched in the United States and the following year, it acquired GameDuell, one of the biggest gaming companies in Europe known for its community card and board games. This year, MPL forayed into Africa by partnering with Carry1st, a leading gaming company in the continent.