Netmarble plans at least 13 new titles as Q3 profit falls 44.6%
The publisher also reported third-quarter revenue of 634.7 billion won, with overseas markets generating 75% of the total.
Netmarble reported third-quarter operating profit of 50.4 billion won on November 5, down 44.6% from a year earlier, and said it plans to launch at least 13 new titles next year. Revenue for the quarter was 634.7 billion won, an 8.8% year-on-year decline, according to techm.kr.
Cumulative revenue through the third quarter reached 2.0356 trillion won, with operating profit of 183.6 billion won over the same period. Overseas revenue came to 476.2 billion won, accounting for 75% of the total.
By region, North America represented 40% of revenue, Korea 25%, Europe 12%, Southeast Asia 10%, Japan 8% and other markets 5%.
Next year's lineup
The 13-title plan includes six previously announced games: Shangri-La Frontier: Seven Strongest, Solo Leveling: Karma, WB All-Star Raising (Project Aegis), Guardian Tales: Degnot (Project Octopus), Pale in Blue and Evilbane. Two additional projects, Babel Protocol and Dark Priest, have been added to the launch lineup for next year.
Netmarble also said it will expand service regions, centred on Solo Leveling: Arise and KOF All-Star ahead of their launches in China. CEO Kim Byung-kyu said the company would focus on strengthening existing titles and improving the quality of new ones, and would work to boost profitability in the fourth quarter through updates and efficient spending.
Quick answers
How much operating profit did Netmarble report for the third quarter?
Netmarble reported third-quarter operating profit of 50.4 billion won, down 44.6% year on year.
How many new games is Netmarble planning to launch next year?
At least 13 new titles, including six previously announced games as well as Babel Protocol and Dark Priest.
Which Netmarble games are headed to China?
Solo Leveling: Arise and KOF All-Star, as part of a plan to expand service regions.