[Announcement+] Mr. Blue Achieves Record High Performance ... "Operating Profit 15.1 Billion KRW, Up 282.7% YoY"

[Asia Economy Reporter Hyunseok Yoo] Mr. Blue, an online comic and webtoon specialist company, achieved an earnings surprise due to the strong performance of its webtoon and subsidiary game businesses.

Mr. Blue announced on the 5th through a public disclosure that its operating profit based on consolidated financial statements for last year recorded 15.1 billion KRW, an increase of 282.7% compared to the same period last year. During the same period, sales increased by 110.3% to 65.1 billion KRW, and net profit for the period was 13.1 billion KRW.

The core business of online comics and webtoons continues to see transaction amounts steadily increase alongside the growth in subscribers to its own platform. The number of subscribers to the Mr. Blue platform has steadily increased from 4.41 million at the end of 2018 to 5.08 million at the end of last year.

The subscription payment amount, which allows unlimited viewing of online comics including Mr. Blue’s representative genre, martial arts comics, is also increasing. Even though the subscription price was raised by about twice in November last year, the number of paying members purchasing subscriptions did not decrease, resulting in a significant rise in the average monthly subscription payment amount.

‘EOS Red,’ released in August last year by subsidiary Blue Potion Games, ranked 2nd in highest sales on the Google Play Store immediately after its launch and maintained a top sales ranking throughout the second half of last year, contributing to the achievement of record-high performance.

Mr. Seungjin Cho, CEO of Mr. Blue, said, "Last year, not only our company’s cash cow, the online comic and webtoon business, but also the subsidiary game business achieved better-than-expected strong results, recording performance more than twice that of 2018. This year, new martial arts works are scheduled to be serialized in the online comic business, and the game business is promoting the overseas market entry of ‘EOS Red,’ so significant performance growth is expected."

This content was produced with the assistance of AI translation services.