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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

Com2uS boosts profitability on baseball games, eyes H2 growth with Zeus and Crimson Inferno

Com2uS said it sharply improved first-quarter profitability, helped by growth in its baseball games and more efficient spending. It reported revenue of 144.7 billion won and operating profit of 5.1 billion won, while posting a net loss of 8.3 billion won due to valuation losses on investment assets. The company is targeting growth in the second half with the launches of MMORPG Zeus: The God of Pride and the anime IP-based Do-won Amgui Crimson Inferno.

Games & Commerce

Com2uS Q1 operating profit up 207 percent, flags new game push in second half

Com2uS said on Tuesday its first-quarter operating profit surged 206.9 percent from a year earlier, despite a 13.9 percent fall in revenue. It reported consolidated revenue of 144.7 billion won and operating profit of 5.1 billion won. The company attributed the profit improvement to its baseball game lineup based on KBO and MLB and core title Summoners War: Sky Arena. It plans new launches in the second half.