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Devsisters Q1 operating loss widens to 17.4 billion won, seeks turnaround with overhaul and new titles

Devsisters reported a wider loss in the first quarter as its existing titles stabilised at lower levels and new releases underperformed. The company said preliminary revenue under K-IFRS fell 2 percent from the previous quarter to 58.5 billion won. It posted an operating loss of 17.4 billion won and a net loss of 15.1 billion won. Devsisters plans companywide management reforms and second-half game launches to seek a turnaround.