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September 20, 2020

Netmarble Q2 net more than doubles on new games

PUBLISHED : August 12, 2020 - 17:59

UPDATED : August 12, 2020 - 17:59

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Netmarble Games, South Korea‘s No. 1 mobile game developer and publisher, said on August 12 that its net income more than doubled in the second quarter from a year earlier on the back of the popularity of its new games.

Net income came to 85.2 billion won (US$71.9 million) during the April-June period, compared with 38 billion won a year earlier, the company said in a regulatory filing.



The game publisher posted 81.7 billion won in operating profit for the quarter, up from 33.2 billion won recorded a year ago. Revenue rose 30.3 percent on-year to 685.7 billion won.

Revenue from overseas markets accounted for a record high of 75 percent of its total sales, company officials said.

The company posted stable revenues in overseas markets, noticeably North America and Japan, from major titles such as “Lineage 2: Revolution” and “Blade & Soul: Revolution.”

Shares in Netmarble inched down 0.33 percent to close at 149,500 won on Seoul’s main bourse. Its earnings results were released after the stock market closed.



By Park Ga-young (gypark@heraldcorp.com) and newswires



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