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Games & Commerce
Krafton PUBG: Battlegrounds pushes beyond battle royale toward platform
Krafton’s flagship game PUBG: Battlegrounds is expanding beyond battle royale as it seeks to become a content platform. The company posted record first-quarter quarterly revenue supported by upgraded collaborations and new mode experiments. PUBG IP franchise revenue rose 24 percent from a year earlier, topping 1 trillion won for the first time on a quarterly basis. A new PvE mode, XenoPoint, helped raise peak daily concurrent users without cannibalising existing battle royale traffic.
Games & Commerce
Krafton says quarterly results hit record high as PUBG IP sales top 1 trillion won
Krafton said it posted record quarterly revenue and operating profit on solid growth in its PUBG: Battlegrounds intellectual property. It said first-quarter sales rose 56.9 percent from a year earlier to 1.37 trillion won and operating profit rose 22.8 percent to 561.6 billion won. PUBG franchise revenue topped 1 trillion won for the first time. The company also outlined plans spanning new game IP, its Raon AI models and a joint venture for autonomous driving services.
Games & Commerce
Krafton Q1 operating profit hits record high on PUBG IP growth
Krafton set quarterly records for both revenue and operating profit, supported by broad-based growth of its PUBG intellectual property. The company reported first-quarter consolidated revenue of 1.37 trillion won and operating profit of 561.6 billion won, up 56.9 percent and 22.8 percent from a year earlier. It said first-quarter operating profit equalled 53 percent of last year’s full-year total. PC and mobile revenue rose, while it also carried out share buybacks, dividends and share cancellations.
