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Games & Commerce

W Games Q3 operating profit up 7.4 percent to 63.5 billion won

W Games said third-quarter revenue rose 5 percent from a year earlier to 195.4 billion won, while operating profit increased 7.4 percent to 63.5 billion won. Revenue and profit fell from the previous quarter. Revenue for the first three quarters climbed 17.5 percent to 611.0 billion won and operating profit rose 20.1 percent to 202.1 billion won. The DTC share of social casino revenue rose to 53.6 percent, helping reduce platform fees and costs.

Games & Commerce

W Games Q2 operating profit rises 29 percent to 70.1 billion won

W Games said on Tuesday its second-quarter revenue rose 22.5 percent from a year earlier to 210.6 billion won, while operating profit climbed 29 percent to 70.1 billion won. Its operating margin increased 1.7 percentage points to 33.3 percent, and EBITDA rose 31.2 percent to 76.9 billion won. Variable costs as a share of revenue fell to 26.3 percent. Direct-to-consumer sales accounted for 47.5 percent.