Cipsoft's 2025 financial report and Bazaar analysis
April 14, 2026Introduction
Cipsoft just recently published their newest yearly financial report, showing a step up in revenue of almost +20% compared to the previous year!
Source: Cipsoft.
2025 was a pretty packed year for Cipsoft. Here is a summary of the most relevant events that could explain this strong result:
- Monk announcement: they really stole the timeline with this one. There was a ton of media coverage of this and you can bet the game received a lot of new and old players back because of this. (Februrary/2025)
- MultiPayer: a payment system for other game business. (March/2025)
- The Settlers Online: absorbed the development and operations of a game from Ubisoft Blue Byte (April/2025)
- Great Winter and Summer updates: a lot of quality of life upgrades (Spell opacity, multi-action hotkeys, imbuement scrolls, content for newcomers) and well received content (weapon proficiency and weekly tasks)
Good stuff considering that they allocated a lot of resources for the fifth vocation.
All this effort indeed seem to have moved the needle for Cipsoft. We can't exactly tell how much of the revenue increase can be attributed to each event, but I would guess the Monk release had the biggest impact 🚀
In 2025, the Bazaar had a total volume of 
721,376,674
This means that the Char Bazaar alone is responsible for approximately 13% of all Cipsoft's 2025 revenue.
Despite the lower amount of auctions as of recent years, the average auction value seems to have increased by a lot:
| Year | Total auctions | Avg. auction value |
|---|---|---|
| 2020 | 59,641 | 1,526 |
| 2021 | 156,866 | 2,253 |
| 2022 | 227,344 | 3,110 |
| 2023 | 221,171 | 3,240 |
| 2024 | 184,868 | 3,444 |
| 2025 | 191,321 | 3,770 |
In-game store analysis
Searching through characters that were auctioned in the bazaar we can actually get some really interesting information about player spending habits. If you're curious about how much a whale can spend in a game like Tibia, here are the top 20 characters with the most TC spent found in the Bazaar:
Here is the popularity between what we like to call store utilities:
- 51,6% Training Dummy
- 33,1% Gold pouch
- 49,6% Hirelings
- 51,2% Charm expansion
- 67,1% Prey Slot
- 6,6% Hunting Task Slot
- 25,4% Imbuement Shrine
- 47% Reward Shrine
- 10,3% Mailbox
If you compare with the our previous store analysis (April/2022), you'll notice that there was an expressive increase in popularity for these store items:
- Weekly task slot:
2,4%->6,6% - Charm expansion:
26,7%->51,2% - Hirelings:
25%->49,6% - Gold pouch:
23%->33,1%
You can definitely can see how reworking game features such as the Charm system and the new Weekly Tasks can have a positive impact in Cipsoft's revenue. Maybe this can hints us (or Cipsoft) that it would make sense to expect the Gold Pouch to be revised in the future? 👀
Since our previous analysis, it seems that the list for most popular store mounts and outfits haven't changed much. Around 40% of all store outfits and 52% of all store mounts were found in less than 1% of the auctions. This could indicate that Cipsoft's research for new themes might be lacking.
Also, it seems that store cosmetics that that had some sort of special deal performed much better. Perhaps Cipsoft could experiment a little bit more with special deals or limited content in order to increase their revenue 📈
Anyway, here are the top 10 most popular store outfits since 2025:
46%Retro Warrior
870
13,3%Retro Hunter
870
10,3%Rune Master
870
8,3%Conjurer
720
7,3%Retro Citizen
870
7,2%Retro Knight
870
6,8%Ghost Blade
600
5,9%Entrepreneur
750
5,6%Sinister Archer
600
5,2%Ranger
750
...and here are the top 10 most popular store mounts since 2025:
9,4%Gloomwurm
870
6,5%Darkfire Devourer
1,500
6,1%Gorgon Hydra
870
5,3%Prismatic Unicorn
870
5,3%Tempest
900
4,4%Silverneck
720
4%Death Crawler
600
3,9%Winter King
450
3,8%Cerberus Champion
750
3,6%Flamesteed
900
Retro Outfits are still a massively popular theme. To put this into perspective, all retro outfits combined has sold at least over
The Retro Warrior outfit is almost 4x more popular than the second most popular outfit. Just absolutely GOATED 👑
The Gloomwurm mount was also a nice hit from Cipsoft. And the fact that Darkfire Devourer mount has high popularity indicates that the Rotten Blood Bundle sold really well.
- Total Bazaar volume: 3,451,886,307
- Total Cipsoft revenue from Bazaar: 495,528,020
- Total TC invested found in characters from Bazaar: 1,718,404,375
- Characters from Bazaar that purchased an outfit:
14% - Characters from Bazaar that purchased an mount:
9%
If you're interested in having access to exclusive data for the Char Bazaar (such as Tibia Coins invested for each character), you might want to check out our Exevo Pro, which you can get at a discount right now using: