INTERNATIONAL_ Krafton recorded the highest increase in game revenue and profit in its history thanks to PUBG and related games.
The owner of the hit free-to-play battle royale game PlayerUnknown’s Battlegrounds reports the highest annual revenue in the company’s history.
Accordingly, Krafton announced financial results reporting a 13% increase in revenue year-on-year to $1.57 billion in 2021. The Korean game maker’s net profit fell 6.5% to 434.8 million USD compared to last year.
The latest report shows that Krafton’s revenue hit a new record when adding more than $1.5 billion.
The company also provides Q4 2021 earnings in the report. Revenue grew 26% to $371 million and net profit was $5.1 million for the period, down 85% from the 2020 quarter.
In terms of game revenue, PUBG made $334 million throughout 2021. While PUBG Mobile generated $1.18 billion in consumer spending during the year.
In addition to its finances, the gaming company has shared details about its upcoming portfolio of titles.
Unknown Worlds’ Project M is due out early in 2022, while Striking Distance Studios’ The Callisto Protocol is slated to launch this year.
In addition, the publisher also has unreleased Road To Valor: Empires from Dreamotion and Defense Derby mobile games from RisingWings, which are expected by the gaming community.
Korean game company actively invests.
The company said its new business push will include Web 3.0, VR, etc. Krafton also announced a partnership with Naver Z and Zepeto to develop a Web 3.0-based project with the intention of building a metaverse.
Recently, the company led an 11 million USD investment round in Tamatem Games based in Amman, Jordan.
Tamatem Games focuses on publishing games for the Arab market and its titles have over 100 million downloads to date. Other investors include Venture Souq, Endeavor Catalyst and other brands.
