Search results for Plan 8
Games & Commerce
Pearl Abyss opens shareholder meeting, focus turns to what comes after Crimson Desert
Pearl Abyss held a shareholder meeting on July 7 in Gwacheon, south of Seoul, and addressed investor concerns over a weak share price despite expectations for Crimson Desert. Management outlined key shareholder requests, including next steps for Crimson Desert, progress and disclosure strategy for DokeV, shareholder returns and stronger communication. The company said DokeV targets a release in the second half of 2028 and is preparing paid DLC and possible platform expansion to bridge the gap.
Games & Commerce
Retail shareholders unite amid weak game stocks, press for meetings and treasury share cancellations
Retail shareholders in South Korea\'s game industry are stepping up collective action as weak share prices persist and calls to boost shareholder value grow. Investors in Pearl Abyss, Devsisters and Wemade have demanded shareholder meetings, buybacks and cancellations of treasury shares, limits on executive pay and disclosure on new game development. Some companies have responded with shareholder return plans, meetings and cost-cutting steps, while broader pressure on the sector is spreading.
Games & Commerce
Pearl Abyss posts third straight year of losses, bets on Crimson Desert
Pearl Abyss posted a third consecutive annual loss, hit by rising development and marketing expenses for its new title Crimson Desert. The company reported fourth-quarter revenue of 95.5 billion won and an operating loss of 8.4 billion won. Annual revenue rose 6.8 percent to 365.6 billion won, but operating and net results turned to losses. Pearl Abyss plans a March 20 global launch for Crimson Desert and expects marketing costs to rise in the first quarter.