'Night Crow' Proves Profitable... Wemade Reports 45.4 Billion KRW Operating Profit in Q3

Successful Turn to Profit... Record High Sales

Wemade succeeded in turning a profit in the third quarter. This was thanks to the acceleration of its China business and the stable performance of 'Night Crow.'

Wemade announced on the 7th that its third-quarter sales amounted to approximately 235.5 billion KRW, operating profit about 45.4 billion KRW, and net profit about 37.9 billion KRW. The third quarter recorded the highest quarterly sales ever, driven by the licensing contracts for 'The Legend of Mir 2 and 3' in China and the stable sales of 'Night Crow.'

Wemade stated, "We plan to complete the publishing contracts for 'Mir4' and 'MirM' in China within this year."

Next year, the goal is to release games every quarter. In the first quarter, they plan to launch the global version of 'Night Crow' integrated with blockchain and the live-action character-based baseball game 'Fantastic4 Baseball.' In the second quarter, they will provide 'Mir4' service in China; in the third quarter, release the MMORPG 'Legend of Imir,' which is being developed as a new IP; and in the fourth quarter, prepare for the 'MirM' service in China.

Subsidiaries will also introduce various genres of games, including ▲MMORPG 'The Legend of Mir 2: Giyeon' ▲subculture RPG 'Lost Sword' ▲idle healing game 'Abyssrium Origin' ▲puzzle game 'Abyssrium Match.'

The Wemix blockchain business expansion is also actively underway. In September, Wemade formed a strategic partnership with SK Planet to expand the blockchain and platform market ecosystem. The two companies plan to create business synergies by leveraging their technological capabilities and service strengths. Additionally, they are continuously strengthening cooperation with global partners to promote technological innovation, including building the Web 3.0 ecosystem.

Jang Hyun-guk, CEO of Wemade, said, "Despite difficult internal and external conditions this quarter, our long-term efforts have led to remarkable business achievements," adding, "We will achieve sustainable growth based on upgraded sustainable investment capabilities."

Meanwhile, Wemade Max reported consolidated third-quarter sales of about 18.4 billion KRW, operating profit of about 1.2 billion KRW, and net profit of about 1.4 billion KRW, driven by increased royalty revenue from titles such as 'Silkroad Online.' Wemade Play recorded consolidated third-quarter sales of approximately 29.9 billion KRW, operating profit of about 100 million KRW, and a net loss of about 2.3 billion KRW.

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