Axie Infinity parent Sky Mavis's losses ballooned 78x in FY22 on Ronin attack

Axie Infinity parent Sky Mavis's losses ballooned 78x in FY22 on Ronin attack

Photo: Sky Mavis

Vietnam-based Sky Mavis, the company behind play-to-earn game Axie Infinity, reported a 78x surge in losses for the financial year ended March 31, 2022, even as revenue more than tripled during the year, regulatory filings showed.

Edited by: Joymitra Rai