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Kabam Enters 2013 With More Than A $200M Runrate Even As The Gaming IPO Window Seems Closed

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http://techcrunch.com – Kabam, a midcore game developer that staged a stunning new chapter on mobile platforms, is out bragging about its expected revenues for the coming year. The company said it ended 2012 with gross revenue of $180 million, up 70 percent from the year before. Gross revenue is bookings, so it doesn’t account for the 30 percent platform cut that a provider like Apple, Google or Facebook would take. Kabam didn’t reveal its margins, except to say that the company was profitable (which I honestly hope should be the case for any mature freemium gaming company). Kabam was a pioneer in midcor (IT news)