Wemade Reports Q3 Operating Profit of 26.3 Billion Won, Down 49.2% Year-on-Year

"More Than Six New Global Titles Planned for Next Year"

Wemade announced on November 11 that its consolidated operating profit for the third quarter of this year was provisionally tallied at 26.3 billion won, a decrease of 49.2% compared to the same period last year.

During the same period, revenue was 163.6 billion won, down 23.7%, while net profit increased by 59.8% to 57.4 billion won.

Wemade logo. Provided by Wemade

Compared to the previous quarter, operating profit turned positive, and revenue increased by 40.1%.

Wemade explained that revenue from the Chinese licenses of "Legend of Mir 2" and "Legend of Mir 3" drove its performance. In addition, cost-efficiency efforts contributed to both operating profit and net profit turning positive compared to the previous quarter. Operating expenses decreased by approximately 6% from the previous quarter.

"Legend of Ymir," which was launched in 170 countries worldwide on October 28, is maintaining around 160,000 concurrent users. Wemade expects that user inflow will increase when the core content update scheduled for the end of the year is implemented.

Wemade plans to release at least six new titles to the global market by next year, including "MIR M," which is scheduled for release in China at the end of this year. In addition, the company aims to strengthen profitability based on its blockchain game platform, "Wemix Play."

Meanwhile, Wemade's subsidiary Wemade Max recorded revenue of approximately 38.2 billion won, an operating loss of about 11.7 billion won, and a net loss of around 8.7 billion won in the third quarter of 2025. Wemade Connect will unveil its new title "NOAH (N.O.A.H)" for the first time at G-Star 2025, which opens on November 13.