Korean mobile games publisher Com2uS (KOSDAQ: 078340) has announced its unaudited financial results for Q3 2010.
Total revenue was 6.5 billion Won ($5.8 million), down 26 percent year-on-year.
Net income was 0.9 billion Won ($0.8 million), down 57 percent.
Revenue for the nine months to-date was 20.1 billion Won ($18 million), down 16 percent year-on-year.
Net income for the same period was 2.9 billion Won ($2.6 million), down 28 percent.
Smartphone surge
In terms of platform breakdown, 36.8 percent of revenue in Q3 came from smartphone game sales, 55.8 percent from feature phones and 7.3 percent from other activity.
The proportion of revenue from smartphones is growing fast. It only accounted for 18.8 percent of revenue in Q2 and 4.9 percent in Q3 2009.
In absolute terms, smartphone revenue was up 454 percent year-on-year and 91 percent quarter-on-quarter.
In terms of explaining the quarter's decline, Com2uS said it hadn't released a major title in its domestic and overseas markets during the three months due to delays.
However, it said Homerun Battle 3D and Slice it! (which was released on the App Store during that period), both sold well however in the smartphone category.
[source: Com2uS]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Interview
Apr 9th, 2024
Saga CEO Rebecca Liao on the launch of publishing division and mass market web3 games
Top Stories
Events
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
LA Games Conference 2024 | North America | May 6th |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |