Netmarble's revenues slide to $472.3 million as Lineage 2 Revolution loses business in South Korea

Netmarble's revenues slide to $472.3 million as Lineage 2 Revolution loses business in South Korea

Netmarble has released its financials for its Q2 FY17 for the three months ending June 30th 2017.

It posted revenues of $472.3 million for the quarter, up 54% year-on-year but down 21% quarter-on-quarter. Profits came to $62.8 million, up 140% year-on-year but down 47% quarter-on-quarter.

48% of the company's revenues were generated in Korea, while North America made up 24% of its revenues. Overseas revenues are expected to climb even higher following game launches outside of South Korea in Q3.

The reason for Netmarble's revenues falling across quarters was a decline in revenues from Lineage 2 Revolution in South Korea. However, the game's launch in Southeast Asia stemmed the decline.

Diverse portfolio

Marvel Contest of Champions, Seven Knights, Everybody's Marble and Cookie Jam were the best performing games aside from Lineage 2 Revolution. That said, the latter game still generated 37% of the company's overall revenues.

Looking ahead, Netmarble is planning on launching Lineage 2 Revolution in Japan on August 23rd and will use its knowledge from the SEA launch to make sure the game is a success. It has already signed up over one million pre-registrations, which the company says is "unprecedented".

Lineage 2 Revolution is likely to suffer further declines in South Korea now that NCSoft has launched its own Lineage mobile game, Lineage M. The game is already reported to have generated $233 million in its first month of release.

Deputy Editor

Ric has written for for as long as he can remember, and is now Deputy Editor. He likes trains.


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