Pearl Abyss Reports Q1 Operating Profit of 600 Million KRW, Down 45.5% YoY

Pearl Abyss announced on the 10th that its consolidated sales for the first quarter of this year amounted to 85.4 billion KRW, with an operating profit of 600 million KRW. Compared to the previous year, sales and operating profit decreased by 0.5% and 45.5%, respectively.

Black Desert, celebrating its 10th anniversary, continued to deliver steady results. Looking at sales by region, overseas sales accounted for 82%. However, due to the prolonged development of new titles such as Red Desert, operating profit in the first quarter significantly declined compared to the previous year.

Pearl Abyss plans to unveil new content including Black Desert: Dawn of the Nation - Seoul in the second quarter, along with testing new titles utilizing the EVE intellectual property (IP). The upcoming title Red Desert is being prepared to participate in various events so that users can experience the game and build anticipation.

Jo Seok-woo, Chief Financial Officer (CFO) of Pearl Abyss, stated, "In 2024, we will continue to achieve results through ongoing changes in Black Desert and EVE," adding, "At the same time, we will actively begin marketing for the successful launch of new IPs."

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