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Games & Commerce

Q1 breaks seasonal slowdown but polarisation widens in South Korea game industry

Major South Korean game companies posted sharply diverging first-quarter results despite the sector’s traditional seasonal slowdown. Larger firms with globally successful intellectual property reported record quarterly sales and profit, while companies facing gaps in new releases or weak early demand remained in the red or saw profitability deteriorate. Nexon, Krafton, NCSoft and Pearl Abyss posted strong gains. Kakao Games and Devsisters reported operating losses, and Webzen saw declines.

Games & Commerce

Pearl Abyss posts record quarterly operating profit on \'Red Desert\' success

Pearl Abyss achieved its best quarterly results on the global success of its new title \'Red Desert\'. The company said first-quarter consolidated revenue rose 419.8 percent from a year earlier to 328.5 billion won. Operating profit surged 2,584.8 percent to 212.1 billion won and net profit jumped 2,107.8 percent to 170.0 billion won. Overseas sales accounted for 94 percent of revenue, with North America and Europe making up 81 percent of that total.

Games & Commerce

Pearl Abyss CEO Heo Jin-young vows to make Crimson Desert a game loved for a long time

Pearl Abyss held its 17th annual general meeting of shareholders on March 27 at its Gwacheon headquarters and approved three agenda items, including financial statements and a new cap on director compensation set at 10 billion won. CEO Heo Jin-young said 2025 consolidated revenue rose 9.8 percent, though higher Crimson Desert marketing costs led to an operating loss and a net loss. He shared early launch metrics and addressed questions on story, DLC and the next title, DokeV.