Hero Wars has generated more than 190 million downloads.
Hero Wars has generated more than 190 million downloads.
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GDEV makes a big bet on Hero Wars Universe

  • Posted byby Dean Takahashi
  • Updated
  • 10 min

GDEV isn’t a common name in gaming but it has one of the industry’s most success mobile game franchises in Hero Wars.

The company’s Nexters subsidiary has seen Hero Wars generate more than 190 million total downloads and $2 billion in total bookings since it was released in 2016. That helped propel Nexters, which went public in 2021, to $480 million in revenues in 2022, up 11% from a year earlier. Revenue growth is slowing as mobile game companies deal with new dynamics and a mixed global economy.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.