Wemade announced its fourth-quarter and full-year 2025 results on the 11th.
Under Korea International Financial Reporting Standards (K-IFRS) on a consolidation basis, fourth-quarter 2025 revenue was 191.7 billion won, operating profit was 24.3 billion won, and net loss was 36.5 billion won. Revenue rose 16% from a year earlier, and operating profit increased 42%. However, operating profit edged down from the previous quarter due to higher new title launch-related expense.
Fourth-quarter results were driven by the performance of "Legend of Ymir," launched globally on Oct. 28, 2025, and the recognition of license contract fees for "The Legend of Mir 2·3" in China. Overseas revenue accounted for 78%, expanding for the third straight quarter. The net loss turned negative as gains and losses on investment asset valuation were reflected.
On an annual basis, revenue was 614 billion won, operating profit was 10.7 billion won, and net loss was 28 billion won. Although revenue declined year over year, operating profit increased 51% thanks to expense efficiencies, achieving a surplus for the second consecutive year.
Wemade is pursuing diversification across genres, IP, and platforms based on the performance of its existing IP, "The Legend of Mir 2" and "Night Crows." It is currently developing about 20 new titles.
In 2026, it plans to expand "Legend of Ymir" to the Steam platform and sequentially launch "Night Crows 2" and "Mir 5." In 2027, it plans to unveil new titles such as "Project TAL." It also plans to fully adopt a one-build strategy starting with "Night Crows 2," launching simultaneously in Korea and globally to maximize initial box-office momentum.