Mgame, Strong Performance of Chinese 'Yeolhyeol Gangho Online'... New Lua Revenue Added in Q4

[Asia Economy Reporter Hyungsoo Park] Mgame continues to deliver strong performance.

On the 14th, Mgame announced that it achieved consolidated sales of 15.6 billion KRW, operating profit of 6.2 billion KRW, and net profit of 5.4 billion KRW in the third quarter of this year. Compared to the same period last year, sales increased by 14%, and operating profit and net profit rose by 2.8% and 1.9%, respectively. This marks the 15th consecutive quarter of year-over-year operating profit growth. Compared to the previous quarter, sales increased by 17%, while operating profit and net profit grew by 59.4% and 38.4%, respectively.

The performance improvement was driven by the Chinese game "Yeolhyeol Gangho Online," which has been rewriting its success story since 2019. Last month, local sales in China increased by 42% compared to the same month last year, setting a new record for the highest monthly sales since the service began.

Overseas sales of the PC MMORPG "Knight Online," a steady seller in North America and Turkey, are also showing strong results.

The company expects even better results in the fourth quarter of this year. They plan to sequentially carry out large-scale updates, including the Yeolhyeol Gangho Online Guanggunje event and the addition of new worlds within the year, to further boost game enthusiasm.

The mobile SLG (strategy simulation game) "Rua," released on the 10th, is showing a strong start, ranking number one among popular games on Google Play.

Mgame CEO Lee Hyung-kwon said, "Yeolhyeol Gangho Online has achieved record-breaking results," adding, "We expect the fourth quarter to deliver the best performance since the company's founding, thanks to the contract payment from the renewal of Yeolhyeol Gangho Online in China during the peak PC online game season at year-end, as well as new sales from the mobile game Rua."

Mgame is currently developing the mobile MMORPG "GuihonM," based on the intellectual property (IP) of "Guihon," the blockchain game "Hero Online," and various blockchain games based on multiple platforms.

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