Netmarble announced on the 13th that its consolidated revenue for the fourth quarter of last year was 649 billion won and operating profit was 35.2 billion won. Revenue decreased by 2.5% compared to the same period last year, while operating profit increased by 87.2%. The net loss for the period was 166.7 billion won, indicating a reduced deficit.
Last year's revenue was 2.66 trillion won, with operating profit of 215.6 billion won and net profit of 6.3 billion won. Revenue increased by 6.5% compared to the same period last year, and both operating profit and net profit succeeded in turning to surplus.
Overseas revenue in the fourth quarter amounted to 536.9 billion won, accounting for 83% of the total revenue for the quarter. On a cumulative basis for last year, it recorded 2.113 trillion won, which constitutes 79% of the total cumulative revenue for the year. By country, the revenue share in the fourth quarter was ▲North America 46% ▲South Korea 17% ▲Europe 15% ▲Southeast Asia 9% ▲Japan 6% ▲Others 7%. By genre, the revenue share in the fourth quarter was ▲Casual games 40% ▲RPG 39% ▲Massively Multiplayer Online Role-Playing Game (MMORPG) 13% ▲Others 8%.
Netmarble stated that its revenue slightly increased from the previous quarter due to the large-scale update of "The Seven Deadly Sins: GRAND CROSS" and seasonal updates from games serviced by overseas subsidiaries, including "Marvel Contest of Champions" and "Jackpot World." However, due to rising expenses including marketing costs, earnings before interest, taxes, depreciation, and amortization (EBITDA) slightly decreased, and the net loss was incurred due to the impairment of intangible assets.
Netmarble aims to release new titles such as "RF Online Next," "Seven Knights Reverse," "Game of Thrones: King's Road," and "King of Fighters AFK" in the first half of this year. Additionally, it plans to unveil a total of nine new titles this year, including "The Seven Deadly Sins: Origin," "The RED: Blood Heir," "Mongil: STAR DIVE," "Project SOL," and "Solo Leveling: ARISE (Steam)."
Netmarble CEO Kwon Young-sik noted, "After going through a period of loss for the past two years, we have not yet met market expectations last year, but we see significance in the fact that we have successfully achieved a turnaround. This year, we will solidify a foundation for a rebound around anticipated new titles such as 'RF Online Next,' 'Game of Thrones: King's Road,' and 'The Seven Deadly Sins: Origin.'"
Meanwhile, Netmarble confirmed a cash dividend of 417 won per share for the first time in three years since 2021. The total dividend amounts to 34.1 billion won.