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Games & Commerce

Netmarble posts 53.1 billion won Q1 operating profit, to launch five new titles in second half

Netmarble said on Wednesday it posted first-quarter revenue of 651.7 billion won and operating profit of 53.1 billion won, up 4.5 percent and 6.8 percent from a year earlier. EBITDA rose 2.8 percent to 83.9 billion won and net profit jumped 163 percent to 210.9 billion won due to gains from asset sales. Overseas sales accounted for 79 percent of revenue. The company plans new releases in Asia this month and in June, and five new titles in the second half.

Games & Commerce

Red Desert, Aion 2 lift Korean game makers\' first-quarter outlook

Major South Korean game companies are flagging unusual first-quarter earnings improvements, a period typically considered an off-season. Pearl Abyss and NCSOFT are expected to post sharply stronger results from early momentum in new titles Red Desert and Aion 2, respectively. Krafton and Netmarble are seen benefiting from steady performance of existing intellectual property, while Nexon projects double-digit top-line growth based on company guidance.

Games & Commerce

Sensor Tower says Netmarble\'s \'Stone Age Growth\' hits $15 million in lifetime revenue

Netmarble\'s mobile idle RPG \'Stone Age Growth\' has generated $15 million in lifetime revenue since its global launch, data analytics firm Sensor Tower said on Tuesday. The game recorded 1 million cumulative downloads and $15 million in revenue after its March 3 release on Google Play and Apple\'s App Store combined. Downloads were led by South Korea, while revenue was concentrated in South Korea and Taiwan. Daily active users rose after updates and events.