Webzen announced on November 6 that its consolidated operating profit for the third quarter of 2026 was 5.3 billion won, a 29.3% decrease compared to the same period last year.
During the same period, revenue fell to 36 billion won, and net profit dropped to 5.2 billion won, marking declines of 17.8% and 40.1%, respectively. Compared to the second quarter of this year, revenue, operating profit, and net profit decreased by 5.2%, 4.7%, and 16.9%, respectively. A company representative stated, "The ongoing absence of new releases has impacted sales both domestically and internationally." The self-developed subculture role-playing game (RPG) 'Terbis' was initially scheduled for release in 2025 but had its launch timeline adjusted following a closed beta test in June of last year.
Webzen is focusing on addressing the lack of new titles. At the upcoming G-Star 2026 game show in Busan, the company will unveil its new game 'Defense Game Tyrant: Last Stage,' based on the Naver webtoon IP, as well as 'MU Theos,' which is based on the MU IP.
'Defense Game Tyrant: Last Stage' is being developed with a target release in the first half of 2027. It features 3D graphics created using Unreal Engine 5, with characters meticulously finished pixel by pixel, applying a 'diorama pixel art' style.
Webzen plans to appeal to both webtoon fans and gamers by leveraging strategic elements from the storyline. At G-Star, the company will also showcase a teaser video for 'MU Theos,' which is currently in development based on the MU IP.
Through its development subsidiaries, Webzen is preparing new game projects aimed at securing IP influence and market share. Subsidiary Webzen Red Star is developing the 'PROJECT G' game based on the MU IP, along with other subsidiaries planning to announce their game projects with a focus on the Western market.
Kim Tae-young, CEO of Webzen, stated, "We are making company-wide efforts to overcome the stagnation caused by delays in new releases. We will focus on supporting our development subsidiaries while also preparing measures to secure long-term growth through the expansion of overseas business models."
* This article has been translated by AI.
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