Netmarble Q2 Revenue Rises 4.4% to 749.2B Won Despite Profit Decline

Netmarble reported Q2 revenue of 749.2 billion won and operating profit of 80.1 billion won. Revenue increased 4.4% year-over-year while operating profit decreased 20.8% due to increased marketing expenses. The company attributed revenue growth to updates for 'The Seven Deadly Sins: Origin' and the June launch of new MMORPG 'SOL: Enchant', with overseas sales reaching 580.8 billion won and representing 78% of total revenue.

Netmarble Reports Mixed Q2 Financial Results

Netmarble announced Q2 consolidated revenue of 749.2 billion won and operating profit of 80.1 billion won. Revenue grew 4.4% compared to the same period last year, while operating profit fell 20.8%. EBITDA reached 112 billion won, down 14.6% year-over-year. Net income totaled 203.9 billion won, up 27.3% year-over-year.

For the first half, cumulative revenue reached 1.4009 trillion won, up 4.4% year-over-year. Cumulative operating profit was 133.2 billion won, down 11.7%, while net income reached 414.8 billion won, up 72.5%.

Overseas Sales Drive 78% of Total Revenue

Q2 overseas sales totaled 580.8 billion won, accounting for 78% of total revenue and marking a 22.6% increase year-over-year. North America represented the largest regional share at 39%, followed by Korea at 22%, Europe at 13%, Southeast Asia at 10%, Japan at 9%, and other regions at 7%.

By genre, role-playing games (RPG) comprised 42% of revenue, casual games 35%, massively multiplayer online role-playing games (MMORPG) 17%, and other genres 6%.

Netmarble Schedules Three New Game Releases for Second Half

Netmarble CEO Kim Byung-kyu stated the company is expanding services across various platforms to strengthen business capabilities. He said the company will enhance live service operations for performance stability in the second half and continue growth momentum through differentiated new titles.

Netmarble plans to release three new games in the second half: 'Solo Leveling: Karma', 'Shangri-La Frontier: Seven Strongest Species', and 'Project Aegis'. 'Solo Leveling: Karma' and 'Shangri-La Frontier: Seven Strongest Species' will be showcased at Tokyo Game Show in September alongside 'Pearl in Blue', scheduled for 2027 release.

FAQ

What were Netmarble's Q2 financial results? Netmarble reported Q2 revenue of 749.2 billion won (up 4.4% year-over-year) and operating profit of 80.1 billion won (down 20.8% year-over-year). Net income reached 203.9 billion won, up 27.3% year-over-year.

How much of Netmarble's revenue came from overseas markets in Q2? Overseas sales totaled 580.8 billion won in Q2, representing 78% of total revenue and marking a 22.6% increase compared to the same period last year. North America accounted for the largest regional share at 39%.

What new games will Netmarble release in the second half? Netmarble plans to release three new titles in the second half: 'Solo Leveling: Karma', 'Shangri-La Frontier: Seven Strongest Species', and 'Project Aegis'. Two of these titles will be showcased at Tokyo Game Show in September.