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
Feature
May 17th, 2024
New release roundup: The best new mobile games from a battle royale to a console classic remake
Feature
May 16th, 2024
Behind the scenes: How adding sandwich offers to an idle merge game boosted three metrics at once
Events
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
Morocco Gaming Expo | Africa | May 24th |
MomoCon 2024 | North America | May 24th |
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
Popular Stories
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 13th, 2024
Hot Five: Dubai's new Gaming Visa, April's mobile game charts, and Xbox studio closures
Feature
May 14th, 2024