Mgame, Q1 Sales of 19.3 Billion KRW... "Expecting Major Releases in the Second Half"

Mgame announced on the 16th that its consolidated sales for the first quarter of this year amounted to 19.3 billion KRW, with an operating profit of 4 billion KRW. Compared to the same period last year, sales and operating profit decreased by 5.7% and 6.5%, respectively.

Mgame explained, "In the first quarter, our flagship PC MMORPGs (Massively Multiplayer Online Role-Playing Games), 'Yeolhyeol Gangho Online' and 'Knight Online,' achieved steady results in China, North America, and Europe."

In North America and Europe, Knight Online recorded its highest cumulative sales since service launch due to the opening of new servers in the first quarter of last year. Additionally, to celebrate the 20th anniversary of service in North America and Europe this July, large-scale events and influencer-driven promotions are planned. Next month, the Chinese version of Yeolhyeol Gangho Online will open new servers and implement updates including new pets (ryeongsu).

Furthermore, in the second half of this year, Yeolhyeol Gangho Online will mark its 20th anniversary of domestic service with a major update that includes level cap increases and new maps. After the domestic update, it will be promptly applied in China. Mgame is also preparing to release two new titles.

Kwon Yi-hyung, CEO of Mgame, stated, "Overseas sales of Yeolhyeol Gangho Online and Knight Online, which each recorded sales exceeding 30 billion KRW last year, continue to remain solid this year. In the second half, the releases of 'GwihonM' and 'Jeonmin Gangho,' developed based on our popular intellectual properties (IP), are scheduled, so strong performance is expected in 2024."

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