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Games & Commerce

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

Krafton PUBG: Battlegrounds pushes beyond battle royale toward platform

Krafton’s flagship game PUBG: Battlegrounds is expanding beyond battle royale as it seeks to become a content platform. The company posted record first-quarter quarterly revenue supported by upgraded collaborations and new mode experiments. PUBG IP franchise revenue rose 24 percent from a year earlier, topping 1 trillion won for the first time on a quarterly basis. A new PvE mode, XenoPoint, helped raise peak daily concurrent users without cannibalising existing battle royale traffic.

Games & Commerce

Krafton says quarterly results hit record high as PUBG IP sales top 1 trillion won

Krafton said it posted record quarterly revenue and operating profit on solid growth in its PUBG: Battlegrounds intellectual property. It said first-quarter sales rose 56.9 percent from a year earlier to 1.37 trillion won and operating profit rose 22.8 percent to 561.6 billion won. PUBG franchise revenue topped 1 trillion won for the first time. The company also outlined plans spanning new game IP, its Raon AI models and a joint venture for autonomous driving services.