Com2uS Reports 2Q Operating Profit of 11 Billion KRW, Down 71.2%... Quarterly Highest Revenue Recorded (Update)

[Asia Economy Reporter Kang Nahum] Com2uS announced on the 12th that it recorded consolidated sales of 152.9 billion KRW and operating profit of 11 billion KRW in the second quarter of this year. Sales increased by 3.6% compared to the same period last year, marking the highest quarterly record ever, but operating profit decreased by 71.2%.

Sales for the first half reached 269.5 billion KRW, also setting a new record for the highest half-year sales. Operating profit was 28.6 billion KRW, and net profit was 39.5 billion KRW.

The background for achieving the highest quarterly sales was attributed to the long-term success of their flagship title, "Summoners War: Sky Arena," the continued popularity of their baseball game lineup, and the performance of the new title "Summoners War: Lost Centuria."

In particular, the performance in Western markets stood out. Overseas markets accounted for 77% of total sales, amounting to 117.2 billion KRW, with North America and Europe alone recording 78.7 billion KRW, exceeding half of the total.

Com2uS plans to continue its active efforts toward its growth goal of becoming a global comprehensive content IP company centered on games. In November, it will host the SWC2021 World Finals and the first official tournament of "Summoners War: Lost Centuria," the Global World Championship, aiming to establish a strong e-sports brand for the Summoners War IP (intellectual property).

Additionally, the company will actively pursue new revenue generation through platform diversification and business partnerships. Preparing to enter cloud gaming services through global partners, it is providing "Summoners War: Sky Arena" on cloud gaming platforms accessible via PC and mobile to expand its user base.

Com2uS will also enhance the brand competitiveness of Cookie Run: Kingdom in the European market through a business agreement with long-time partner Devsisters, building various forms of ‘win-win’ business models.

Furthermore, Com2uS plans to strengthen its growth engine as a global comprehensive content company through strategic investments and M&A. It aims to accelerate global market expansion by building a content value chain ranging from text-based original IPs such as web novels and webtoons to video, metaverse, finance, and games.

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