Founded in 2011, Hutch is a London-based leading free-to-play games developer and publisher of mobile racing games in the attractive midcore category, and holds a diversified game portfolio and world-class IP licenses.
To listen to the webcasted conference call from Dec 9th 09.00 CET with MTG’s executive management please see this link.
When it was acquired by MTG announced December 8, it became the third material standalone investment in a gaming company made by the company, and the first made through MTG’s new GamingCo.
Hutch was founded out of the shared frustration the founders had, from working in big game development factories. That is what brought them together with the intent to create a better studio.
The company’s top three titles are F1® Manager, Top Drives, and Rebel Racing, all in early growth phase with large future growth potential. Additionally Hutch holds a diversified game portfolio of a total of 13 games and world-class IP licenses with some of the biggest names in the business, including Formula 1, McLaren, Mercedes, BMW, Ford and General Motors. The company’s game portfolio has generated more than 300 million downloads since inception.
Hutch has a very strong management team and is made up by a staff of 100+ team members, of whom 70 are developers. It generated approximately USD 56.3 million in revenues, USD 14.0 million in EBITDA and 13.3 million in EBIT, during the first nine months 2020.
The company will become an integral part of the recently announced GamingCo in order for MTG to fully capture the synergies from shared expertise and studio network effects
For more information on Hutch, please visit www.hutch.io
What drives us
What drives us
Shaun Rutland, CEO and Co-Founder
With a career in e-commerce, production and the games industry spanning more than 20 years, Shaun is currently CEO and co-founder of fast-growing, award winning mobile game developer and publisher, Hutch.
Acquired by MTG in 2020, Hutch is home to a team of over 100 world class team members and, since launching in 2011, has created a portfolio of mobile-first, car focused games entertaining more than 300 million players.
Prior to Hutch, Shaun worked in senior production roles with Sony (PlayStation) and Microsoft (Xbox), working on IP including the original Fable Series, Until Dawn and a Sesame Street game. Prior to joining the games industry he also worked on the Marks and Spencer e-commerce platform solution.
Hutch has continually been recognised throughout its history in the prestigious GI.biz ‘Best Places To Work’ annual awards. Other key achievements for the business include being ranked 27th in the fifth annual Sunday Times WorldFirst SME Export Track 100, and 45th in Tech Track 100 of Britain’s fastest-growing technology companies – the only games business to be included in both lists.