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Netmarble revenue and profits tumble year-on-year as sales slow

Netmarble revenue and profits tumble year-on-year as sales slow

South Korean publisher Netmarble's revenues and profits fell in Q1 2018 following a decrease in sales from its existing portfolio of mobile titles and the delay of new launches.

Revenue came in at $475 million, down 26.2 per cent year-on-year and 17.6 per cent quarter-on-quarter.

Things weren’t so bad for net profit though there was still a significant decrease compared to Q1 2017. Profits came in at $74 billion, down 46 per cent year-on-year but up 50.6 per cent quarter-on-quarter.

However, it should be noted that the increase in net income was put down in large part to a dividend payout from NCSoft.

Lineage 2 still making bank

Lineage 2: Revolution continues to be a major driver of revenue from Netmarble, making up 35 per cent of its games sales.

Marvel Contest of Champions meanwhile took 16 per cent, followed by Cookie Jam at seven per cent, and Everybody’s Marble and Seven Knights at six per cent each.

Netmarble has had a number of recent releases, including Harry Potter: Hogwarts Mystery which it will hope can boost revenues for the next quarter.

Other upcoming titles include Terria Saga, B&S Revolution and Iron Throne.

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Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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