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Wemade Max Q1 operating loss widens to 15.3 billion won on higher investment costs

Wemade Max posted a wider consolidated operating loss in the first quarter as investment costs rose, including fees tied to sales growth and spending on new game development and staffing. Revenue fell 30.6 percent from a year earlier to 32.7 billion won, while net loss was 11.1 billion won. Overseas revenue jumped 137.8 percent, lifting the overseas share of sales to 45 percent. The company plans multiple new releases and global expansion.