Webzen disclosed its full-year 2025 results on the 11th. On a consolidation basis, 2025 operating revenue was 174.4 billion won, operating profit was 29.7 billion won, and net profit was 23.5 billion won. Those figures fell 18.7%, 45.5%, and 58.5%, respectively, from a year earlier.
In the fourth quarter of 2025, operating revenue was 49.9 billion won, operating profit was 7.0 billion won, and net profit was 6.7 billion won. Compared with the previous quarter, revenue rose 13.9%, but operating profit and net profit fell 8.0% and 22.6%, respectively. Versus the same period a year earlier, revenue declined 10.9%, operating profit dropped 53.6%, and net profit decreased 44.1%.
Weak sales due to a slump in Korea's game market were a main driver of the overall decline. However, the "MU" IP and "Metin" IP lifted overseas sales, with overseas revenue in the fourth quarter of 2025 up about 27% from a year earlier. The full-year share of overseas revenue also expanded to 49%, compared with 35% in 2024.
Webzen plans to seek a rebound through new releases and genre diversification. It will roll out the open-world action RPG "Dragon Sword," launched in Korea in January, to overseas markets in the first half and continue major updates at home.
Strategy defense title "Gate of Gates," "Project D1" leveraging the Naver Webtoon IP, and the collection RPG "Tervise" are also in development. The indie turn-based strategy RPG "LeMoire: Infested Kingdom" has been retitled "Memories: Forsaken by Light" and is slated for official release in the first half. Subsidiary Webzen Redcore is also developing an MMORPG based on Unreal Engine 5.
Meanwhile, Webzen resolved to enhance shareholder value with total dividends of 20.3 billion won and the cancellation of treasury shares equivalent to 10.5% of total shares outstanding. Of that, 16.5 billion won will be paid as a tax-exempt special dividend, and the company plans to conduct an additional tax-exempt special dividend of 16.5 billion won within the year.
Webzen CEO Kim Tae-young said, "Sustainable growth is possible only by consistently presenting new titles with strong polish and differentiated gameplay," adding, "While focusing on expanding our development and business capabilities, we will also continue shareholder return policies such as share cancellations and special dividends."