Wemade's revenue fell in the third quarter from a year earlier, but operating profit rose slightly. Compared with the previous quarter, it returned to an operating profit on the back of reflecting China licensing revenue for the intellectual property rights (IP) of "The Legend of Mir 2 & 3."

Wemade said on Tuesday it posted third-quarter 2026 consolidated revenue of 146.0 billion won, operating profit of 26.4 billion won and net profit of 5.2 billion won.

Revenue fell 11 percent from a year earlier due to lower sales from existing service games. Operating profit rose 0.3 percent as costs such as labor and advertising and promotional expenses declined. Net profit fell 91 percent.

From the previous quarter, revenue rose 35 percent and operating profit swung to a profit. Net profit increased 51 percent.

The third-quarter revenue increase was influenced by recognizing China licensing revenue for the "The Legend of Mir 2 & 3" IP.

Wemade is preparing around 20 games targeting domestic and overseas markets.

Key titles include "Night CrowsW", "Mir5", "Project TAL", a new IP title for "Hundred Note", "Project IL" and "Project MO".

"Night CrowsW" is under development with a target launch in the second quarter of 2027. Wemade, MadEngine and other affiliates are working on development and service preparations.

It is also pushing to expand existing games into the China market.

"Night Crows" is preparing for a local launch after securing a China foreign investment game licence last June. "Mir4" also plans to pursue its push into the China market.