Wemade's Sales Reach 126.6 Billion KRW Last Year... Operating Loss of 12.8 Billion KRW

[Asia Economy Reporter Buaeri] Wemade announced on the 10th that it recorded sales of 126.6 billion KRW and an operating loss of 12.8 billion KRW last year.

Sales increased by 11% compared to the previous year.

Sales in the fourth quarter reached 47 billion KRW, a 95% increase compared to the same period last year. However, operating losses occurred due to increased marketing and advertising expenses for the launch of new games. In the fourth quarter, an operating loss of 3.2 billion KRW and a net loss of 9.2 billion KRW were recorded.

Wemade stated that this year it plans to launch 'Mir4' in Taiwan and China and to actively release the new title 'MirM'.

In addition, it added that it plans to expand sales by receiving compensation for major lawsuits related to the 'Mir' intellectual property (IP) and by promoting blockchain business.

In December last year, Wemade released webtoons and web novels using the 'Legend of Mir 2' IP on KakaoPage.

Wemade Tree, a blockchain-specialized affiliate, listed the cryptocurrency WEMIX on the domestic exchange 'Bithumb' and the overseas exchange 'Biki'. Games applying blockchain systems, such as 'Jaesinjeon-gi', were also released overseas.

Jang Hyun-guk, CEO of Wemade, said, "We expect to achieve the best performance since the company's founding through the steady growth of 'Mir4' this year," adding, "Especially, success in China, the epicenter of Mir IP power, will enable the company to make a quantum jump."

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