Netmarble Q3 Operating Profit Turns Positive to 65.5 Billion KRW... "9 New Titles to Launch Next Year" (Comprehensive)

Netmarble announced on the 7th that its consolidated sales for the third quarter of this year were preliminarily estimated at 647.3 billion KRW, a 2.6% increase compared to the same period last year. Operating profit and net profit for the same period turned positive, recording 65.5 billion KRW and 20.6 billion KRW, respectively.

Overseas sales in the third quarter amounted to 500.5 billion KRW, accounting for 77% of total sales, which is a 1 percentage point increase from the previous quarter. The sales distribution by region was identified as North America 43%, Korea 23%, Europe 13%, Southeast Asia 8%, Japan 7%, and others 6%.

Kwon Young-sik, CEO of Netmarble, stated, "Due to the absence of major new releases in the third quarter, we are continuing to catch our breath in terms of overall indicators such as sales and operating profit," adding, "We plan to release 'King Arthur: Legend Rise' by the end of this year, and next year, we will introduce a total of nine new titles including anticipated works such as 'Game of Thrones: Kingsroad' and 'The Seven Deadly Sins: Origin.' We ask for your anticipation and interest."

Meanwhile, Netmarble plans to showcase two new titles, 'Game of Thrones: Kingsroad' and 'Mongil: STAR DIVE,' at 'G-STAR 2024,' held at BEXCO in Busan from the 14th of this month. In addition, they will engage with users through various events such as the offline tournament for 'Solo Leveling: Arise Championship' and stage events for the new title 'Seven Knights Reverse.'

At the third-quarter earnings presentation held that day, CEO Kwon also revealed strategies regarding publishing external games. He said, "We have continued to publish external games, but as the game market has recently stagnated, we have focused on services centered on our own studios," adding, "However, we plan to maintain the policy of publishing external games and will continue to source good games."

Furthermore, Netmarble conveyed that it is continuously considering improvements to its financial structure and shareholder returns. Do Gi-wook, Netmarble’s Chief Financial Officer (CFO), explained at the briefing, "We are continuously contemplating improvements to our financial structure," and added, "Regarding asset securitization for financial structure improvement, we currently have no specific plans, but we are maintaining the capacity and consideration to securitize assets at any time according to market conditions."

He continued, "We need to consider investments on how to utilize funds generated from business profits and review resource allocation for necessary areas including shareholder returns and financial structure improvements," and added, "Especially regarding shareholder returns, if there are more concrete uses as the year-end approaches, we will prepare to review them again."

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