On the news of a return to profit in the third quarter (July–September), Pearl Abyss shares were up more than 8% on the morning of the 12th.
As of 9:35 a.m. that day, Pearl Abyss was trading on the KOSDAQ market at 38,950 won, up 3,050 won (8.5%) from the previous session.
Pearl Abyss disclosed that on a consolidation basis for the third quarter of this year, revenue was 106.8 billion won and operating profit was 10.6 billion won. Revenue rose 34.4% from a year earlier, and operating profit swung to a profit from a loss of 9.2 billion won in the same period last year.
Pearl Abyss said performance improved significantly thanks to higher revenue from its existing title "Black Desert." In the third quarter, "Black Desert" introduced a new class, "Wukong," and a new region, "Demon Realm: Edania," showing solid revenue growth.
Cho Mi-young, chief financial officer (CFO) of Pearl Abyss, said, "While continuing steady live services for Black Desert and EVE in the fourth quarter of this year, we will make an all-out effort to the end for the successful launch of Crimson Desert."