Korean mobile game maker Netmarble earned $535.95 million in revenue, making an impression in the Korean market.
Korean mobile game maker Netmarble earned $535.95 million in revenue, making an impression in the Korean market.
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Netmarble, the Korean mobile developer best known for Marvel Future Revolution, Lineage 2: Revolution, recently announced $535.95 million in revenue, up 14.4% year-on-year. The financial statements add that Netmarble earned $17.46 million before taxes, amortization and advertising (EBITDA).
Mobile games account for 50% of the company’s revenue, focusing on products such as Ni no Kuni: Cross Worlds (10%), MARVEL Contest of Champions (10%) (Kabam), Cash Frenzy (8%), Jackpot World (8%), Lotsa Slots (8%) and The Seven Deadly Sins: Grand Cross (7%). Compared to the same quarter last year, the company’s net revenue increased 14.4%.
The report points to two reasons for the company’s strong mobile game sales, which is due to new games helping to increase revenue. EBITDA over the same period last year was 48.6%. Ni no Kuni: Cross Worlds is a massively multiplayer online role-playing game that shows revenue growth in this recent report.
According to the report, Netmarble’s overseas revenue grew 1% QoQ and now accounts for 85% of total revenue at $418.7 million, as shown in the following countries:
+ US 49%+ Korea 15%+ Europe 12%+ SEA 11%+ Japan 8%+ 5% other countries
The revenue structure for genres trails a significant gap, with casual games leading at 47%, MMORPGs and RPGs at 22%, and other games at 9%.
The top grossing games are Ni no Kuni: Cross Worlds and MARVEL Contest of Champions leading the way with 10%, followed by Cash Frenzy, Jackpot World and Lotsa Slot with 8% and the upcoming Grand Cross with projected sales. 7%.
The company received an A in the environmental, social and governance assessment of Morgan Stanley Capital International (MSCI), aiming to improve performance in the third quarter of the year. This financial report shows the same results as Netmarble’s previous Q1 2022 financial report.
“We expect to see increased performance in the third quarter, including the successful launch of Seven Knights Revolution in South Korea, along with a host of new titles expected,” said Netmarble CEO. ideas for the second half of this year, including Overprime (early access), BTS Dream: TinyTAN House and Charlotte’s Table, as well as the Let’s Get Rich: Meta World, King of Fighters ARENA, and Monster Arena Ultimate Battle games.