Neowiz achieved double-digit sales growth in the first quarter on the back of a mobile game hit and stable performance from its existing core intellectual property (IP). Operating profit fell 32 percent from a year earlier to 7.0 billion won.

Neowiz said on May 11 that first-quarter sales under Korean International Financial Reporting Standards (K-IFRS) rose 14 percent from a year earlier to 101.4 billion won. Net profit totalled 15.5 billion won, reflecting foreign exchange gains.

Mobile games led the sales growth. Mobile game sales rose 13 percent from a year earlier to 51.4 billion won. The company maintained solid traffic on the strength of events for "BrownDust2", and a rebound in average revenue per paying user (ARPPU) in web board games, helped by deregulation, also contributed.

PC and console game sales increased 9 percent to 39.5 billion won. "Lies of P" maintained steady sales through a global discount event, and "Shape of Dreams", which has surpassed 1 million cumulative units sold, also maintained a steady trend. Other sales rose 45 percent to 10.5 billion won.

Neowiz will extend its growth momentum in the second quarter by focusing on events for major IP and fandom activities. It will roll out a third-anniversary update and offline events for BrownDust2, and a pop-up store tied to a major IP collaboration for "DJMax Respect V". It also plans to secure new users for PC and console titles by joining a spring discount event.

The company is also accelerating in-house development projects. The "Lies of P" sequel has completed verification of core fun elements and entered a phase of improving quality. "Project CF", "Project Rubicon" and "Project Windy" are also under development on schedule. Following the global launch of "Cats & Soup: Magic Recipe" on April 28, it plans to introduce "Kingdom2" in early in the second half. In its publishing lineup, it is awaiting the second-half launch of "Hello Seoul: Itaewon Edition".

Neowiz has also carried out shareholder returns worth about 12.0 billion won, equivalent to 20 percent of its 2025 consolidated operating profit, under its mid- to long-term shareholder return policy. It spent about 6.0 billion won each on cash dividends and buying back and cancelling treasury shares, and plans to continue pursuing balanced execution to enhance shareholder value.