NCSoft Records 244.2 Billion KRW Operating Profit in Q1 Driven by Lineage W Popularity, Up 330% YoY

Exterior view of NCSoft Pangyo R&D Center building

[Asia Economy Reporter Seungjin Lee] NCSoft announced on the 13th that it recorded sales of 790.3 billion KRW and an operating profit of 244.2 billion KRW in the first quarter of 2022. These figures represent increases of 54% and 330%, respectively, compared to the same period last year. Net profit for the period rose 110% year-on-year to 168.3 billion KRW.

Sales by region were 503.4 billion KRW in Korea, 210.7 billion KRW in Asia, and 37.4 billion KRW in North America and Europe. Royalty revenue amounted to 38.8 billion KRW. Overseas and royalty sales accounted for 36% of total revenue, a 200% increase compared to the same period last year.

Mobile games recorded sales of 640.7 billion KRW, up 6% from the previous quarter and 97% year-on-year. By product, Lineage W generated 373.2 billion KRW, Lineage M 115.9 billion KRW, Lineage 2M 127.4 billion KRW, and Blade & Soul 2 24.2 billion KRW.

PC online game sales were 26.2 billion KRW for Lineage, 23.5 billion KRW for Lineage 2, 16.1 billion KRW for Aion, 7.0 billion KRW for Blade & Soul, and 20.3 billion KRW for Guild Wars 2.

Since its launch in November 2021, Lineage W has generated approximately 730.8 billion KRW in sales over about five months. Lineage M and Lineage 2M increased by 31% and 2%, respectively, compared to the previous quarter.

NCSoft is preparing for the global release of the new PC and console title TL (Throne and Liberty) in the second half of this year, the Western release of Lineage W in North America and Europe, and the release of Blade & Soul 2 in Asian regions such as Japan and Taiwan. TL is scheduled to hold a showcase this summer to reveal detailed information.

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