Com2uS Q1 Operating Profit 17.7 Billion KRW...25.3% Decrease YoY (Update)

[Asia Economy Reporter Buaeri] Com2uS announced on the 12th that it recorded sales of 116.7 billion KRW and an operating profit of 17.7 billion KRW in the first quarter.

Sales increased by 18.7% compared to the previous year, while operating profit decreased by 25.3%.

Regarding the decrease in operating profit, the company explained that it was due to increased marketing expenses for Summoners War: Hundred Years' War and increased labor costs from workforce expansion.

Looking at sales by segment, overseas sales accounted for 78% of the total, reaching 90.9 billion KRW. Sales in North America and Europe increased significantly by more than 30%.

Hundred Years' War, which was simultaneously released worldwide on the 29th of last month, recorded average daily sales of 1 billion KRW during the first ten days and surpassed 3 million downloads, showing steady success across the globe.

Com2uS plans to solidify its foundation with existing hit titles such as Summoners War and its baseball game series, and to build a strong lineup across various genres. Through this, it aims to accelerate its global market expansion and achieve 1 trillion KRW in global sales next year.

A Com2uS official stated, "We will actively pursue investments and mergers & acquisitions (M&A) in various promising companies, including intellectual property (IP) of flagship games like Summoners War, digital content, and the metaverse, to grow into a global comprehensive content company."

Additionally, Com2uS plans to enhance its global competitiveness by establishing a value chain across cultural contents centered on games, including web novels, webtoons, animation, dramas, movies, and broadcasting, through strategic investments in the media industry.

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