Games & Commerce
Wemade posts 26.4 billion won Q3 operating profit, reflecting Mir IP licensing revenue
Wemade posted third-quarter consolidated revenue of 146.0 billion won and operating profit of 26.4 billion won, it said on Tuesday. Revenue fell 11 percent from a year earlier due to weaker sales from existing service games, while operating profit rose 0.3 percent on lower costs such as labor and advertising. Net profit slid 91 percent. From the previous quarter, revenue rose 35 percent and operating profit returned to positive territory, helped by China licensing revenue for the Mir IP.
