NC Reports 14.3 Billion KRW Operating Loss in 3Q 'Return to Deficit'... Sales Also Down 5% YoY (Update)

Q3 Sales 401.9 Billion KRW, Operating Loss 14.3 Billion KRW
"Increase in Marketing and Other Operating Expenses"

NCSoft announced on the 4th that it recorded consolidated sales of 401.9 billion KRW and an operating loss of 14.3 billion KRW for the third quarter of this year. Sales decreased by 5% compared to the same period last year, and operating profit turned into a loss due to increased operating expenses such as marketing costs. Net profit also recorded a loss of 26.5 billion KRW due to operating losses and non-operating foreign exchange losses caused by exchange rate fluctuations.

Operating expenses amounted to 416.2 billion KRW, up 2% from the same period last year, with marketing costs notably increasing by 76% to 48.7 billion KRW. This was influenced by marketing activities related to new game releases and large-scale updates of live games.

Sales by region were 286.2 billion KRW in Korea, 49.4 billion KRW in Asia, and 28.2 billion KRW in North America and Europe. Royalty sales amounted to 38.1 billion KRW.

Mobile game sales recorded 253.4 billion KRW. Lineage M saw a 49% increase in sales compared to the previous quarter due to the reboot world effect launched in June, while PC online game sales decreased by 6% compared to the previous quarter.

Throne and Liberty (TL), which began global service on the 1st of last month, surpassed 4.52 million global users. After ranking first on Steam's Top Sellers immediately after launch, it has consistently ranked high in sales in major countries. Blade & Soul has maintained high traffic since launching the BNS NEO server in October.

NCSoft will establish four new corporations by separating game development and new business divisions with future competitiveness. Three IPs?TL, LLL, and TACTAN?will be launched as independent game development studios, and an AI-specialized company will be established to advance AI technology and commercialization. Through these changes, the company aims to maximize creativity and initiative and establish a foundation for sustainable growth.

NCSoft is focusing on game development with the goal of expanding core IPs and securing new IPs. The new Lineage IP-based game Journey of Monark is preparing for release in the fourth quarter of this year. New games such as Aion 2, LLL, and TACTAN are also under development, targeting global release next year.

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