Wemade swings to Q3 operating profit on Mir China license revenue
Quarterly revenue reached 146 billion won, up 35% from the previous quarter, as China license revenue for The Legend of Mir 2 and 3 IP was recognized.
Wemade reported consolidated revenue of 146 billion won, operating profit of 26.4 billion won and net profit of 5.2 billion won for the third quarter of 2026, according to digitaltoday.co.kr. The company returned to an operating profit compared with the previous quarter.
Revenue rose 35% quarter-on-quarter, operating profit turned to a surplus and net profit rose 51%. Wemade attributed the revenue increase to recognition of China license revenue for The Legend of Mir 2 and The Legend of Mir 3 IP.
On a year-on-year basis, revenue fell 11% on lower revenue from existing service games. Operating profit rose 0.3% as labor and advertising costs declined, while net profit fell 91%.
Around 20 titles in the pipeline
Wemade said it is preparing about 20 games for domestic and overseas markets. The lineup includes Night Crow W, which targets a launch in the second quarter of 2027, along with Mir 5, Project TAL, Project IL and Project MO, plus a new title based on the Hundred Note IP. Affiliated studio Mad Engine is involved in development.
In June 2026, Night Crow obtained a Chinese import game license, and Mir 4 is planned for the China market.
Quick answers
What were Wemade's Q3 2026 results?
Consolidated revenue of 146 billion won, operating profit of 26.4 billion won and net profit of 5.2 billion won.
Why did Wemade's revenue rise from the previous quarter?
Wemade said the increase was driven by recognition of China license revenue for The Legend of Mir 2 and The Legend of Mir 3 IP.
When is Night Crow W scheduled to launch?
Wemade is targeting a launch in the second quarter of 2027.