NCSoft has released its financials for the full year of its FY17 for the twelve months ending December 31st 2017.
Overall revenues for the year came to a record-breaking $1.6 billion, up 76% year-on-year. Profits also grew by 64% year-on-year to $408.4 million for the year.
Quarterly earnings saw some decline, largely due to the hype surrounding Lineage M dying down. Revenues for Q4 came to $490.6 million, down 27% quarter-on-quarter but up 87% year-on-year.
Still going strong
Despite the quarterly slide, NCSoft's mobile games still generated 57% of the company's revenues for the year. Overall, mobile games alone earned $915.4 million in its FY17, mostly from Lineage M.
It was unlikely that Lineage M would sustain its initial sales for very long. The game jumped to the top of the iOS download and grossing charts in South Korea in its first seven hours of release, and reportedly generated $233 million in revenues in its first month.
NCSoft has also earned some cash from Netmarble's own Lineage mobile game, Lineage 2 Revolution. The license holder generated $35 million in royalties at the start of 2017 following Revolution's successful launch.