Mgame Reports Operating Profit Growth for 11 Consecutive Quarters Year-on-Year... Strong Performance Expected from New Release 'Immortal'

[Asia Economy Reporter Park Hyungsoo] Mgame announced on the 15th that it recorded consolidated sales of 13.7 billion KRW, operating profit of 6.1 billion KRW, and net profit of 5.3 billion KRW for the third quarter of this year.

Compared to the same period last year, sales increased by 54.2%, and operating profit and net profit rose by 218.4% and 379.1%, respectively. Compared to the previous quarter, sales and operating profit increased by 15.8% and 87.5%, respectively. Net profit decreased by 0.1%.

The record-breaking Chinese sales of the MMORPG (Massively Multiplayer Online Role-Playing Game) "Yeolhyeol Gangho Online" led the improvement in performance. In August, it recorded the highest sales since service launch, increasing by 358% compared to the same month last year.

Sales and profits are expected to continue growing in the fourth quarter of this year. The Chinese "Yeolhyeol Gangho Online" continues its growth trend compared to the same period last year.

The mobile MMORPG "Jin Yeolhyeol Gangho," released in Thailand last September, has settled within the top 20 in Google Play sales rankings, and the war RPG "Immortal," released domestically last month, ranked first in Google Play's popular games on the 1st.

Mgame is preparing to launch "Immortal" on the domestic App Store. It is also preparing to release the game in four Southeast Asian countries including Indonesia and Thailand. In the first half of next year, it plans to launch the mobile MMORPG "Jin Yeolhyeol Gangho" in Vietnam and officially release its self-developed mechanic third-person shooter game "BATTLE STEED:GUNMA" on Steam.

Kwon Yi-hyung, CEO of Mgame, said, "In the third quarter, thanks to the performance of China's 'Yeolhyeol Gangho Online,' we recorded an increase in operating profit compared to the same period for 11 consecutive quarters," adding, "From the fourth quarter of this year, with new game sales added, we expect the positive trend to continue."

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