According to regulatory filings, operating profit for the July to September quarter came to 20.7 billion won ($15.5 million), down from 22.7 billion won a year earlier.
Revenue rose 18.1 percent to 101.5 billion won.
Net profit fell to 10.8 billion won from 30.0 billion won, all of it attributable to parent-company shareholders.
The company blamed the drop on a weaker dollar. It reported a pretax loss from continuing operations of 25.1 billion won, compared with a profit of 34.0 billion won a year earlier.
Operating expenses rose to 80.8 billion won from 63.3 billion won as labor costs, commissions and advertising spending increased. Crimson Desert went on sale in March, so its costs were not in the year-earlier quarter.
Black Desert, the company's flagship online role-playing game, brought in 61.0 billion won in the quarter, and Crimson Desert brought in 40.6 billion won. Overseas markets made up 86 percent of revenue, and North America and Europe made up 68 percent.
"We are actually feeling our development speed picking up thanks to the engine we completed and the development capabilities we built while working on Crimson Desert Enhanced and the DLC," the company said.
It said it is now using artificial intelligence to test ideas quickly before full development begins.
Pearl Abyss is aiming to release its next game, DokeV, in the second half of 2028.
It plans to share an update on the game's development this year and to start full marketing, including a playable demo, around the second half of 2027. The company said it will keep a two-to-three-year gap between releases as it develops the shooter Plan 8.
Shares of Pearl Abyss enlisted closed at 28,750 won per stock on the KOSDAQ, 2.2 percent lower than the day before.
AJP Takeaways
- Pearl Abyss reported third-quarter 2026 operating profit of 20.7 billion won on Nov. 12, down 9 percent from a year earlier on a basis that excludes CCP Games, which it sold in May 2026.
- Third-quarter revenue rose 18.1 percent to 101.5 billion won. Black Desert accounted for 61.0 billion won and Crimson Desert for 40.6 billion won, and overseas markets made up 86 percent of sales.
- Pearl Abyss plans a Nintendo Switch 2 version of Crimson Desert in the first half of 2027 and is targeting the second half of 2028 for the release of its next game, DokeV.
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