Netmarble reported declines in both revenue and operating profit for the third quarter of this year. The delay in new game releases, along with the recently launched 'Soul: Enchant' contributing only 8% to Q3 revenue, impacted the company's performance. Netmarble plans to improve its results by launching over 13 new titles in 2027 and expanding existing games into the Chinese market.
On November 5, Netmarble announced that its consolidated operating profit for the third quarter reached 50.4 billion won, a 44.6% decrease compared to the same period last year. Revenue for the quarter was 634.7 billion won, and net profit was 22.2 billion won, reflecting declines of 8.8% and 45.3%, respectively.
For the third quarter, Netmarble's cumulative revenue totaled 2.035 trillion won, with cumulative operating profit at 183.6 billion won and cumulative net profit at 437 billion won.
International revenue for the third quarter was reported at 476.2 billion won, accounting for 75% of total revenue, a 3 percentage point decrease from the previous quarter. Revenue distribution by region was 40% from North America, 25% from South Korea, 12% from Europe, 10% from Southeast Asia, 8% from Japan, and 5% from other regions.
Netmarble plans to launch over 13 new titles in 2027, including 'Shangri-La Frontier: Seven Strongest Classes,' 'Solo Leveling: Karma,' 'WB All-Star Raising (Project Aegis),' 'Guardian Tales: Dig Dot (Project Octopus),' 'Pearl in Blue,' and 'Evilbane,' among others. Additionally, the company will expand existing titles, including 'Solo Leveling: Arise' and 'KOF All-Star,' into the Chinese market.
Kim Byung-kyu, CEO of Netmarble, stated, "We are focusing on strengthening the fundamentals of existing titles and enhancing the quality of new releases to lay the groundwork for future growth. In the remaining fourth quarter, we will enhance profitability through updates to major titles and efficient cost management while thoroughly preparing a new lineup to drive medium- to long-term growth."
* This article has been translated by AI.
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