Neowiz said on the 11th that first-quarter revenue rose 14% from a year earlier to 101.4 billion won. Operating profit fell 32% in the same period to 7 billion won. Net profit, reflecting foreign exchange gains from a strong dollar, jumped 153% to 15.5 billion won.
Revenue increased on the back of solid sales of major games, including the hit title "Lies of P," but profitability worsened as platform fee expense related to mobile games and other costs rose, the company said.
Revenue in the PC and console games segment was 39.5 billion won, up 9% from a year earlier. "Shape of Dreams" and "Lies of P" maintained steady sales momentum.
Revenue in the mobile games segment climbed 13% to 51.4 billion won in the same period, driving the company's first-quarter revenue growth. "BrownDust2" contributed as part of the 2.5-year anniversary event revenue from the fourth quarter was deferred into the first quarter, and web board games saw average revenue per paying user (ARPPU) rebound on the effect of eased regulations, including higher limits implemented in February.
Other revenue rose 45% to 10.5 billion won from a year earlier.
Neowiz plans to continue its growth trajectory in the second quarter by holding events related to key IP and expanding fandom activities. "BrownDust2" will broaden its touchpoints with fans by hosting offline fan events in major cities around the world alongside its third-anniversary update next month. PC and console titles will join platform-specific spring discount events to expand new user inflows.
New titles in preparation have entered full-scale development. The next "Lies of P" project has completed validation of its core fun elements and moved into a phase to enhance the actual play experience and overall polish. "Project CF," "Project Rubicon," and "Project Windy" are also progressing on schedule.
In mobile games, the official sequel to the "Cats & Soup" IP, which surpassed 80 million cumulative global downloads, "Cats & Soup: Magic Recipe," was launched globally on the 28th of last month. "Kingdom2" is accelerating final development with a target to launch in early second half. In the publishing (distribution) lineup, "Hello Seoul: Itaewon Edition" is slated for release in the second half, while new titles from overseas developers WolfEye Studios and JakaZane are also in development.
Meanwhile, Neowiz executed shareholder returns of about 12 billion won, equivalent to 20% of 60 billion won in consolidated operating profit for 2025, under the mid- to long-term shareholder return policy disclosed in January. That includes about 6 billion won in cash dividends and about 6 billion won in share repurchases followed by cancellation. A Neowiz official said, "We will continue to balance dividends and share cancellations to enhance shareholder value."