Com2uS Reports Q3 Revenue of 172.8 Billion KRW... Operating Profit Turns Positive at 1.4 Billion KRW
Com2uS announced on the 7th that its consolidated sales for the third quarter of this year were tentatively estimated at 172.8 billion KRW, a 1.8% decrease compared to the same period last year. Operating profit for the same period turned positive to 1.4 billion KRW compared to the previous year.
The company stated that it achieved solid results through collaborations with the intellectual property (IP) of "Jujutsu Kaisen" during the quarter, along with "Summoners War: Sky Arena," which showed strong performance, and a growing lineup of baseball games, achieving three consecutive quarters of profitability.
Overseas sales in the gaming business accounted for 69.1%, with balanced success in North America at 28.2%, Asia at 24.4%, and Europe at 14.2%.
Com2uS plans to expand its portfolio of hit titles across various genres by adding self-developed and published new releases to its core game lineup.
Summoners War continues its growth momentum through the 8th global esports tournament "SWC2024" World Finals and the 10th-anniversary year-end promotion. The baseball game lineup, which is gaining synergy from the popularity of professional baseball in Korea and the United States, is also recording its highest annual sales.
Additionally, the company is accelerating market penetration with various self-developed and published new titles that have strong gameplay. The highly anticipated baseball game targeting the Japanese market, "Pro Baseball Rising," is scheduled for release in the first half of next year.
Alongside this, the publishing lineup includes the massively multiplayer online role-playing game (MMORPG) "The Starlight," which is also preparing for release next year. Services will be available on PC, mobile, and consoles.
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Meanwhile, Com2uS Holdings’ consolidated sales for the third quarter were tentatively estimated at 47.1 billion KRW, a 6.1% decrease from the same period last year. Operating loss turned to a deficit, amounting to 4.481 billion KRW.
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