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Games & Commerce

Wemade Play Q2 operating profit rises 6 percent to 2.6 billion won

Wemade Play said on Tuesday its second-quarter revenue rose 9 percent from a year earlier to 32.2 billion won, while operating profit increased 6 percent to 2.6 billion won. Net profit came to 3.6 billion won. It said operating profit rose on the back of results from key businesses including games, advertising and publishing, while net profit fell due to a base effect. First-half revenue totalled 64.6 billion won.

Games & Commerce

Webzen Q2 operating profit down 8.4 percent, seeks rebound with new game releases in second half

Webzen said its second-quarter operating profit fell 8.4 percent from a year earlier to 5.7 billion won. Revenue declined 2.8 percent to 38.0 billion won and net profit fell 6.4 percent to 6.3 billion won. The company attributed the weaker results to a lack of new game launches. It plans to sequentially disclose information on new titles in the second half and step up preparations for releases.