Zeus, Dokkaebi's World lead Korea mobile revenue in October

Com2uS's Zeus: God of Arrogance and Kakao Games' Dokkaebi's World took the top two places in Korea's October mobile game revenue ranking, according to data from the big data platform Mobile Index reported by techm.kr, a result that has raised expectations of improved earnings at both companies.

Mobile Index compiles the ranking from combined revenue on Google Play, the Apple App Store and One Store.

Zeus: God of Arrogance recorded 37.4 billion won in October revenue. Dokkaebi's World earned 26.9 billion won in about three weeks of service and drew 720,000 monthly users, placing ninth in the overall ranking.

The two titles are the first clear hits for their publishers in some time. Before these releases, Com2uS had not produced a major hit since its earlier success, while Kakao Games had not had a clear hit since its previous major title, according to the background in the report.

Both publishers under pressure on profit

Com2uS posted first-half revenue of 301.7 billion won and operating profit of 12.3 billion won; second-quarter revenue was 157 billion won with operating profit of 7.2 billion won and a net loss of 3.5 billion won, a swing to loss year on year. Kakao Games posted first-half revenue of 157.9 billion won and an operating loss of 48.5 billion won, and its third-quarter operating loss widened to 26.3 billion won, its eighth consecutive quarterly operating loss.

On October 10, a researcher at NH Investment & Securities forecast Com2uS third-quarter revenue of 224.6 billion won and operating profit of 17.1 billion won, with Zeus revenue of 57.8 billion won in the third quarter and 76.5 billion won in the fourth. On October 8, a researcher at Hyundai Motor Securities forecast fourth-quarter revenue of 45.1 billion won for Dokkaebi's World. Com2uS is preparing new titles including Dowonamgwi Crimson Inferno and Destiny Child: Assemble, while Kakao Games plans Odin Q: Valkyrie's Call, God Save Birmingham and Chrono Odyssey.