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Cyprus studio Top App Games hits $50 million in net revenue with hit game Ludus

Cyprus Mail · 2026-07-23

AI SUMMARY

• What happened: Cyprus-based mobile game developer Top App Games Ltd announced that its game Ludus: Merge Arena has surpassed $50 million in net revenue and $66 million in gross revenue since its launch two years ago. • Why it matters: The success of Ludus highlights the growth potential of the Cyprus gaming industry and showcases the ability of local developers to compete in the global market, attracting over 11 million players worldwide. • What to watch next: Top App Games plans to build on the success of Ludus with future developments and expansions, aiming to enhance its position in the mobile gaming sector.

**Title: Cyprus Studio Top App Games Achieves $50 Million in Net Revenue with Hit Game Ludus**

**Limassol, Cyprus** – Top App Games Ltd, a mobile game developer based in Cyprus, has reached a significant milestone with its flagship title, Ludus: Merge Arena, surpassing $50 million in net revenue since its launch two years ago. The announcement, made on Thursday, highlights the game's remarkable growth trajectory, which has also seen gross revenue hit $66 million.

The findings were reported by Greek business outlet Newmoney, revealing that Ludus has attracted over 11 million players globally since its initial soft launch. The game, a strategy role-playing game (RPG), has evolved considerably from its humble beginnings, expanding from 25 playable heroes at launch to more than 100 today. Each character offers unique abilities and can be customized in various ways, enhancing gameplay and player engagement.

Vladimir Markov, the chief executive and studio head of Top App Games, emphasized the importance of player feedback in shaping the game. "We soft launched with 25 heroes, and we always knew the game would find its real shape in players’ hands," he said. "Two years and more than 100 heroes later, the people who play every day are the ones who built this game with us. Almost every system we have added started with watching how they wanted to compete."

The studio has implemented numerous features to enrich the gaming experience, including Clan Wars, Divisions, Hero Perks, player-launched mini-events, and Spells. These additions have transformed the original merge-and-battle format into a more dynamic and engaging experience. The incorporation of crossover content, such as a recent collaboration with Corvus Belli's Warcrow, has further broadened the game's appeal.

Ludus: Merge Arena is characterized as a real-time player-versus-player (PvP) strategy game where players collect, combine, and upgrade heroes to create formidable decks aimed at defeating opponents worldwide. The game has fostered a competitive yet welcoming environment through seasonal tournaments, battle passes, and event rewards, catering to both casual and serious gamers.

Founded in 2021, Top App Games is part of Utmost Games, a holding company that encompasses several studios, including Digital Vortex and Mamboo. The success of Ludus has positioned Top App Games for ambitious future projects and global expansion, reflecting the growing influence of the Cyprus gaming industry.

As the mobile gaming sector continues to flourish, the achievements of Top App Games serve as a testament to the potential of local developers in the global market. The studio's focus on mobile strategy titles, combined with real-time PvP mechanics and card-based RPG elements, underscores its commitment to innovation and player satisfaction.

With plans for future developments and expansions, Top App Games aims to build on the momentum generated by Ludus: Merge Arena, further solidifying its place in the competitive landscape of mobile gaming.

Source: Cyprus Mail
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