Webzen Q3 profit falls 29% as it readies G-Star demos
Webzen posted 5.3 billion won in third-quarter operating profit and will show Defense Game's Tyrant: LAST STAGE and MU Theos at G-Star in November.
Webzen reported third-quarter operating profit of 5.3 billion won, down 29% year-on-year, and revenue of 36 billion won, down 18% year-on-year, according to techm.kr. The company said it will showcase two upcoming titles, Defense Game's Tyrant: LAST STAGE and MU Theos, at G-Star in November.
Revenue by IP in the quarter was 22.3 billion won for MU, 7.7 billion won for Metin2, 2.9 billion won for R2 and 900 million won for Shot Online. Overseas revenue accounted for 55% of the quarter's total at 18.4 billion won.
Through the first three quarters, Webzen's cumulative revenue reached 113.4 billion won and operating profit 16.3 billion won.
G-Star plans
Defense Game's Tyrant: LAST STAGE, a strategy RPG based on the Naver webtoon of the same name, will offer its first playable demo at the show. MU Theos, an MMORPG built on the MU IP, will present a teaser video instead. A third MU title, Project G, is also in development on Unreal Engine 5.
In October 2025, Webzen said it was preparing multiple large new titles to turn its performance around after a stretch without new releases. CEO Kim Tae-young said the company is making company-wide efforts to overcome the slump caused by delayed new releases.
Quick answers
What will Webzen show at G-Star?
Defense Game's Tyrant: LAST STAGE will have its first playable demo, and MU Theos will show a teaser video.
How much revenue did Webzen's main IP generate in the third quarter?
MU brought in 22.3 billion won, Metin2 7.7 billion won, R2 2.9 billion won and Shot Online 900 million won.
What is Project G?
An Unreal Engine 5 title based on the MU IP that Webzen says is in development.